Ad valorem tax; requiring certain notice of valuation increase to include taxpayer bill of rights; prescribing language to be included. Effective date.

Summary

The bill amends Oklahoma’s tax code to provide a one‑time income‑tax credit for taxpayers who invest in qualified clean‑burning motor‑vehicle fuel property or hydrogen fuel cells. Credit amounts depend on the type of equipment and the weight of the vehicle. The measure is intended to spur adoption of alternative‑fuel technologies in the state.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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