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OK HB1580

Bill

Official Source

Status

Introduced

2/3/2025

Primary Sponsor

Mark Lawson

Click for details

Origin

House of Representatives

2025 Regular Session

AI Summary

  • Provides $2,000 income tax credit for builders constructing residential properties certified under EPA Energy Star Homes program, effective for taxable years beginning January 1, 2026
  • Provides $4,000 income tax credit for builders constructing residential properties certified under Department of Energy's Zero Energy Ready Homes program, effective for taxable years beginning January 1, 2026
  • Limits each credit to one claim per taxpayer during the tax year when the eligible property is completed
  • Allows unused credits to carry over against subsequent tax liability for up to four years following property completion
  • Permits tax credits to be freely transferred to subsequent transferees to the extent not previously utilized

Legislative Description

Revenue and taxation; income tax credit; eligible energy efficient residential properties; effective date.

Last Action

Second Reading referred to Rules

2/4/2025

Committee Referrals

Rules2/4/2025

Full Bill Text

No bill text available