Revenue and taxation; banking privilege tax; deductions; effective date.
House Bill 2745 amends Oklahoma's banking privilege tax, which applies to state and national banking associations, credit unions, and other lending institutions operating in the state. The bill introduces a new deduction from net income for interest earned on specific types of loans made between January 1, 2025, and December 31, 2027. These eligible loans include qualified agricultural real estate loans, agricultural operating loans, and single-family residence loans. The deduction is subject to institutional caps based on deposit size and an overall annual statewide cap of $5 million, which the Oklahoma Tax Commission will adjust if necessary.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Apr 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Feb 3, 2025
Last action Apr 17, 2025
Maddy AI version diff · 2 comparisons
What changed between versions
Engrossed
→
Floor (House)
·
3 edits
MINOR
The bill text was reformatted from an 'Engrossed' version to a 'Floor (House)' version, adding session information and committee amendment indicators. The substantive policy content regarding banking privilege taxes, deductions, and credits appears unchanged in the visible text.
Scope change
No substantive change to the bill's scope or applicability; changes are primarily formatting and markup conventions.
TECHNICAL
Header information was updated to reflect House Floor version with 1st Session of 60th Legislature (2025) and added committee amendment notation.
Page headers were changed from 'ENGROSSED' to 'HB2745 HFLR' with bold face notation for committee amendments.
Line breaks and spacing were adjusted throughout the document to match floor version formatting standards.
Floor votes
How they voted
This bill passed the House by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
15
Key actions
4
Committee
4
Apr 17, 2025
Committee
Referred to Appropriations
upper
Apr 17, 2025
Upper · Passed
Reported Do Pass as amended Business and Insurance committee; CR filed
upper
Mar 26, 2025
Introduced
First Reading
upper
Mar 26, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 25, 2025
Committee
Referred for engrossment
lower
Mar 25, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 94 Nays: 0
lower
Feb 26, 2025
Lower · Passed
CR; Do Pass, as amended, Appropriations and Budget Committee
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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