Clean-Burning Motor Vehicle Fuel Property Tax Credit - Corporate
Oklahoma Tax Incentive
program summary
The State of Oklahoma allows one-time income tax credits for qualified clean-burning motor fuel vehicles, including vehicles that originally run on or are converted to run on compressed natural gas, liquified natural gas, liquified petroleum gas, or a hydrogen fuel cell. These tax credits apply to tax years beginning before December 31, 2028. These credits vary based on the vehicle's weight:
Below 6,000 lbs: $5,500
6,001-10,000 lbs: $9,000
10,001-26,500 lbs: $26,000
Greater than 26,500 lbs: $100,000
The state also provides tax credits for associated property, including refueling stations for these types of vehicles and public charging stations for electric vehicles. The incentive is a per-location credit of 45% of the cost of the qualified property.
eligible technologies
Level-2 Electric Vehicle Service Equipment, Zero Emission Vehicles
program timeline
Program end date: 2028-12-31
list of rebates
- Flat rebate of 45% of cost (Level-2 Electric Vehicle Service Equipment)
- Maximum rebate of $100000 (Zero Emission Vehicles)
- Minimum rebate of $5500 (Zero Emission Vehicles)
program notes
- 2025-05-20 20:50:56
- Updated sunset date, incentive values, budget, and technology eligibility -- EVSE are eligible for the corporate tax credit, but EVs are not.Note that the statute is under dispute, as two bills passed in the 2024 session amended it in different ways. The current description uses Version 1, based on S.B. 2038 (2024). Version 2, based on H.B. 3051 (2024), differs in minor ways.