HB 2087 Oklahoma House · 2025 Regular Session

Revenue and taxation; income tax credit; research institutes; effective date.

House Bill 2087 modifies the existing state income tax credit for taxpayers who make donations to independent biomedical research institutes and cancer research institutes in Oklahoma. Starting in tax year 2026, the bill revises the annual statewide caps for these credits, setting new limits of $1,500,000 for independent biomedical research and $500,000 for cancer research. It also adjusts the maximum credit amounts that individual taxpayers and business entities can claim for these donations. Furthermore, the bill updates the definitions for qualifying research institutes by increasing their required annual federal funding. Unused credits can still be carried over for up to four years, and the act becomes effective November 1, 2025.

Issues: ✓ Healthcare

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Apr 2025

House Passage

Feb 2025

Senate Passage

Governor

Introduced Feb 3, 2025 Last action Apr 28, 2025

Maddy AI version diff · 3 comparisons

What changed between versions

Floor (House) → Floor (Senate) · 5 edits

MODERATE

The bill was amended to transition from a House version to a Senate version, incorporating committee amendments that adjust tax credit limits and formulas for donations to biomedical and cancer research institutes. The changes modify how credit percentages are calculated based on total claimed credits, introduce new credit caps for different taxpayer types, and establish specific dollar limits for cancer research donations in certain years.

Scope change

The bill's scope remains focused on income tax credits for donations to research institutes, but the applicability of credit limits and formulas was modified to include new caps for cancer research donations and adjusted percentage calculations for tax years 2026 and beyond.

FISCAL

Credit limits for cancer research institute donations were added for tax year 2026 and subsequent years, capping credits at $500,000 annually.

Credit percentage adjustment formulas were updated to use different calculation methods, including references to the second preceding year's credits for certain tax years.

Total tax credit allocations were adjusted, with new provisions capping cancer research institute credits at $1,000,000 annually and biomedical research institute credits at $1,500,000 annually for tax years 2026 and beyond.

ELIGIBILITY

New taxpayer-specific credit caps were introduced, distinguishing between single filers, married filers, and business entities, with business entities allowed up to $25,000 for biomedical research donations.

REQUIREMENT

Restrictions on claiming multiple credits were clarified, limiting taxpayers to one credit per donation type per taxable year.

Floor votes

How they voted

This bill passed the House by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 23, 2025

Upper · Passed

Reported Do Pass Appropriations committee; CR filed

upper

Feb 27, 2025

Introduced

First Reading

upper

Feb 27, 2025

Lower · Passed

Engrossed, signed, to Senate

lower

Feb 26, 2025

Committee

Referred for engrossment

lower

Feb 26, 2025

Lower · Passed

Third Reading, Measure passed: Ayes: 90 Nays: 3

lower

Feb 13, 2025

Lower · Passed

CR; Do Pass Appropriations and Budget Committee

lower

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors