OK SB675

Creates the "Zero Emission Tax Credit Transparency Act of 2017" to amend Oklahoma's zero-emission facility tax credit program under 68 O.S. 2011, Section 2357.32A.

Requires owners of zero-emission facilities claiming the tax credit for electricity generated on or after January 1, 2018, to file annual reports with the Oklahoma Tax Commission containing monthly electricity generation amounts and the name of the purchasing entity.

Establishes a January 31 annual reporting deadline for the year following electricity generation, with the Tax Commission authorized to promulgate necessary rules and regulations.

Maintains existing tax credit amounts and provisions: $0.0075 per kilowatt-hour (2003-2004), $0.0050 per kilowatt-hour (2004-2007), $0.0025 per kilowatt-hour (2007-2012), and $0.0050 per kilowatt-hour (2007-2021) for newly constructed facilities.

Becomes effective November 1, 2017.