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OK SB241

Bill

Official Source

Status

Introduced

2/3/2025

Primary Sponsor

Kristen Thompson

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Appropriates $20,000,000 from the General Revenue Fund to the Oklahoma Department of Commerce for fiscal year ending June 30, 2024

  • Funds designated to provide rebates for capital investments in facilities that refine, manufacture, or process compounds or elements into hydrogen-based products

  • Eligible industries limited to those classified under NAICS Subsector 324 (Petroleum and Coal Products Manufacturing) or 325 (Chemical Manufacturing)

  • Effective date of November 1, 2025

Legislative Description

Economic development; making certain appropriation regarding hydrogen. Effective date.

Last Action

Coauthored by Senator Alvord

3/4/2025

Committee Referrals

Appropriations Natural Resources Sub2/13/2025
Appropriations2/4/2025

Full Bill Text

No bill text available