Clean-Burning Motor Fuel or Electric Vehicle Corporate Credit (Oklahoma)
Last modified on February 12, 2015.
Financial Incentive Program
|Name||Clean-Burning Motor Fuel or Electric Vehicle Corporate Credit|
|Incentive Type||Corporate Tax Credit|
|Applicable Sector||Commercial, Industrial|
|Eligible Technologies||Renewable Fuel Vehicles|
|Energy Category||Renewable Energy Incentive Programs|
|Carryover Provisions|| May carry credit forward for 3 years
|Expiration Date|| 2009-01-01
|Program Administrator||Association of Central Oklahoma Governments|
Oklahoma provides an income tax credit of 50% of the cost of converting a vehicle to run on an alternative fuel, or for 50% of the new, OEM incremental cost for an alternative fuel vehicle. The state also provides a tax credit of 10% of the total vehicle cost, up to $1,500, on AFV resales if a tax credit has not been previously taken on the vehicle. This tax credit extends to low-speed electric vehicles as defined by NHTSA in 49 C.F.R. 571.500 and to forklifts and other similar self-propelled vehicles.
The state provides a tax credit of up to 50% of the cost of installing refueling infrastructure for AFVs. These tax credits can be taken over a three-year period. The alternative fuels eligible for credit include compressed natural gas (CNG), liquefied natural gas (LNG), liquefied petroleum gas (LPG), methanol, and electricity. These credits expire January 2009. (Reference §68-2357.22)
Authorities (Please contact the if there are any file problems.)
|Authority 1:||68 Okl. St. § 2357.22|
|Contact Name||Yvonne Anderson|
|Department||Association of Central Oklahoma Governments|
|Division||Central Oklahoma Clean Cities|
|Address||21 E. Main Street, Suit 100|
|Place||Oklahoma City, Oklahoma|
|Phone|| (405) 234-2264
- Incentive and policy data are reviewed and approved by the N.C. Solar Center's DSIRE project staff.