If enacted, the measure would keep battery storage and solar power projects from qualifying for Oklahoma's manufacturing property tax exemption on stated dates.
Large battery storage systems would not count as manufacturing facilities or qualifying investment costs for this property tax exemption.
Solar power generators would stop qualifying for the exemption beginning January 5, 2028, with new applications barred starting January 5, 2029.
The measure would exclude large-scale battery storage systems from the manufacturing-facility property tax exemption. A battery energy storage system means interconnected batteries that store electricity for later use. The exclusion would apply to the manufacturing-facility exemption and to investment costs used to qualify for that exemption. The measure states that it would take effect November 1, 2026.
The measure would bar solar electric-power generators from qualifying as manufacturing concerns or manufacturing facilities for the exemption. The rule would cover entities engaged in solar electric power generation under the listed industry classification. Initial exemption applications from solar generators could not be filed or accepted on or after January 5, 2029. The solar-generation exclusion would begin January 5, 2028, while the application filing and acceptance bar would begin January 5, 2029.
No hearings or votes scheduled.