HB 1452 Summary

• Enacts the Green Energy Subsidy Recapture Tax Act imposing a tax on electricity production from zero emission facilities (wind, solar, geothermal, and hydroelectric power) in Oklahoma.

• Tax amount equals the federal production tax credit available under Section 45 of the Internal Revenue Code of 1986, regardless of whether the facility owner actually claimed the federal credit.

• Exempts electricity produced by government entities (state, counties, cities, towns, school districts, public trusts, and other government bodies) from the tax.

• Requires monthly tax reporting to the Oklahoma Tax Commission by the 15th of each month on prescribed forms, with electronic reporting available; tax becomes delinquent if unpaid by the 15th of the following month.

• All revenue from the tax is apportioned to the General Revenue Fund and the act becomes effective October 1, 2025.