Search Federal and State Laws and Incentives
Search incentives and laws related to alternative fuels and advanced vehicles.
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Search Results | 5 laws and incentives
| Jurisdiction |
Title |
Type |
Body (TODO:hide) |
| Oklahoma |
Alternative Fuel Vehicle (AFV) Tax Credit |
State Incentives |
X
Type: State Incentives |
Jurisdiction: Oklahoma
For tax years beginning before January 1, 2020, a one-time income tax credit is available for 45% of the incremental cost of purchasing a new original equipment manufacturer AFV or converting a vehicle to operate on an alternative fuel. The state also provides a tax credit in the amount of 10% of the total vehicle cost, up to $1,500, if the incremental cost of a new AFV cannot be determined or when an AFV is resold, as long as a tax credit has not been previously taken on the vehicle. Equipment used for conversions must be new; must not have been previously used to modify or retrofit any vehicle; must meet applicable federal and state safety standards; and must be installed by a state certified alternative fuels equipment technician. The alternative fuels eligible for the credit are natural gas and propane. Tax credits may be carried forward for up to five years. (Reference Oklahoma Statutes 68-2357.22)
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| Oklahoma |
Alternative Fueling Infrastructure Tax Credit |
State Incentives |
X
Type: State Incentives |
Jurisdiction: Oklahoma
For tax years beginning before January 1, 2020, a tax credit is available for up to 75% of the cost of installing commercial alternative fueling infrastructure. Eligible alternative fuels include natural gas, propane, and electricity. The infrastructure must be new and must not have been previously installed or used to fuel alternative fuel vehicles. A tax credit is also available for up to 50% of the cost of installing a residential compressed natural gas fueling system, up to $2,500. The tax credit may be carried forward for up to five years. (Reference Oklahoma Statutes 68-2357.22)
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| Oklahoma |
Ethanol Fuel Retailer Tax Credit |
State Incentives |
X
Type: State Incentives |
Jurisdiction: Oklahoma
Retailers that sell fuel blends of gasoline containing up to 15% ethanol by volume (E15) are eligible for a motor fuel tax credit of $0.016 per gallon of ethanol blended into gasoline and sold in Oklahoma, as long as the retailer provides a price reduction to the purchaser of the ethanol fuel in the same amount. This incentive is effective unless the federal government mandates the use of reformulated fuel in an area within Oklahoma that is in nonattainment with the National Ambient Air Quality Standards. (Reference Oklahoma Statutes 68-500.10-1)
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| Oklahoma |
Biofuels Tax Exemption |
State Incentives |
X
Type: State Incentives |
Jurisdiction: Oklahoma
Biodiesel or other biofuels produced by an individual from feedstocks grown on the individual's property and used in the individual's own vehicle are exempt from the state motor fuel excise tax. (Reference Oklahoma Statutes 68-500.4 and 68-500.10)
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| Oklahoma |
Ethanol Sales Tax Exemption |
State Incentives |
X
Type: State Incentives |
Jurisdiction: Oklahoma
The portion of ethanol (ethyl alcohol) sold and blended with motor fuel is exempt from sales tax. (Reference Oklahoma Statutes 68-500.10-1 and 68-1359)
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