Okla. Admin. Code § 252:100-49-1

Current through Vol. 42, No. 1, September 16, 2024

Section 252:100-49-1 - Purpose and applicability

(a) The purpose of this Subchapter is to implement applicable provisions of the Oklahoma Emission Reduction Technology Incentive Act, 68 O.S. § 55006, et seq. The act created the "Oklahoma Emission Reduction Technology Rebate Program," administered by the Department of Environmental Quality and the Oklahoma Tax Commission, to provide a rebate of up to 25% of expenditures for implementation of a qualified "Emission Reduction Project." The program is intended to encourage implementation of new and innovative technologies for reduction of emissions from oil and gas activities, specifically those listed in subsection (b).

(b) This program applies only to emissions from upstream and midstream oil and gas production, exploration, completions, gatherings, storage, processing, and transmission activities. Activities in the following SIC codes are generally considered to qualify within the scope of eligibility for this program: 1311, 1321, 1381, 4612, 4613, 4922, 4923, 4924, and 4925. DEQ may determine whether an activity identified by a particular NAICS code would qualify under an equivalent SIC code.

Adopted by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 9/15/2023