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STATE OF OKLAHOMA
1st Session of the 59th Legislature (2023)
SENATE BILL 306 By: Hicks
AS INTRODUCED
An Act relating to income tax credit; providin g a
credit for the purchase of an e-bike; providing for
refundability under certain circumstances; defining
term; providing for codification; and providing an
effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2358.8 of Title 68, unless there
is created a duplication in numb ering, reads as follows:
A. For tax year 2024 and subsequent tax years, there shall be
allowed a one-time credit against the income tax imposed by Section
2355 of Title 68 of the Ok lahoma Statutes for the purchase of an e-
bike. The amount of the credit shall b e Two Hundred Dollars
($200.00). If the credit exceeds the tax imposed by Section 2355 of
Title 68 of the Oklahoma Sta tutes, the excess amount shall be
refunded to the taxpaye r.
B. For purposes of this section, “e-bike” means a two-wheeled
or three-wheeled plug-in electric vehicle manufactured primarily for
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use on streets, roads , and highways, and capable of achieving a
speed greater than fifteen (15) miles per hour. E-bike shall not
mean an electric scooter that transports a person solely while
standing upright.
SECTION 2. This act shall become effective November 1, 2023.
59-1-1182 QD 1/12/2023 5:59:45 PM