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Oklahoma Legislature· SB 241Coauthored by Senator Alvord

An act relating to the Oklahoma Department of 6 Commerce, the official text

Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1                      STATE OF OKLAHOMA

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2                  1st Session of the 60th Legislature (2025)

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3 SENATE BILL 241      By: Thompson
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5                      AS INTRODUCED

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6   An Act relating to the Oklahoma Department of

6   Commerce; making an appropriation; providing purpose;

7   and providing an effective date.

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9 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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10  SECTION 1. There is hereby appropriated to the Oklahoma

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11 Department of Commerce from any monies not otherwise appropriated
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12 from the General Revenue Fund of the State Treasury for the fiscal
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13 year ending June 30, 2024, the sum of Twenty Million Dollars
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14 ($20,000,000.00) for the purpose of providing a rebate for capital
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15 investments in an establishment that refines, manufactures, or
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16 processes compounds or elements into hydrogen-based products in
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17 industries defined or classified in the North American Industry
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18 Classification System (NAICS) Manual under Subsector 324 or 325 or
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19 so much thereof as may be necessary to perform the duties imposed
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20 upon the Oklahoma Department of Commerce by law.
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21  SECTION 2. This act shall become effective November 1, 2025.

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23  60-1-1441      JC  12/30/2024 5:21:09 PM

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    Req. No. 1441                                              Page 1
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