Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB241 Compare Versions

Only one version of the bill is available at this time.
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5353 STATE OF OKLAHOMA
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5555 1st Session of the 60th Legislature (2025)
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5757 SENATE BILL 241 By: Thompson
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6161 AS INTRODUCED
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6363 An Act relating to the Oklahoma Department of
6464 Commerce; making an appropriation; providing purpose;
6565 and providing an effective date .
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6969 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
7070 SECTION 1. There is hereby appropriated to the Oklahoma
7171 Department of Commerce from any monies not otherwise appropriated
7272 from the General Revenue Fund of the State Treasury for the fiscal
7373 year ending June 30, 2024, the sum of Twenty Million Dollars
7474 ($20,000,000.00) for the purpose of providing a rebate for capital
7575 investments in an establishment that refines, manufactures, or
7676 processes compounds or elements into hydrogen -based products in
7777 industries defined or classified in the North American Industry
7878 Classification System ( NAICS) Manual under Subsector 324 or 325 or
7979 so much thereof as may be necessary to perform the duties imposed
8080 upon the Oklahoma Department of Commerce by law.
8181 SECTION 2. This act shall become effective November 1, 2025.
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8383 60-1-1441 JC 12/30/2024 5:21:09 PM