SB 367 Oklahoma Senate · 2026 Regular Session

Income tax; modifying calculation of the Oklahoma earned income tax credit. Effective date.

SB 367 modifies Oklahoma's earned income tax credit (EITC) calculation for tax years 2022 through 2025. It sets the state credit at 5% of the federal EITC amount and requires that the maximum credit be prorated based on how much a taxpayer's Oklahoma-adjusted gross income compares to their federal adjusted gross income. This change directly affects low-to-moderate income Oklahoma residents who claim the state EITC on their tax returns. The bill takes effect November 1, 2025.

Issues: ✗ Budget & Taxes

Bill status in committee 3 of 5 stages cleared

Introduction

Feb 2025

Committee Review

Mar 2025

Senate Passage

Mar 2025

House Passage

Governor

Introduced Feb 3, 2025 Last action Mar 10, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → Floor (Senate) · 3 edits

MINOR

The bill was reformatted from a Committee Substitute version to the Senate Floor version, with the main substantive change being the effective date moved from November 1, 2025 to March 5, 2025. The text also includes formatting adjustments and page number updates to reflect the Senate floor version.

Scope change

The bill's scope remains the same - it relates to Oklahoma income tax credit calculations - but the effective date was changed from November 1, 2025 to March 5, 2025.

TIMELINE

The effective date of the act was changed from November 1, 2025 to March 5, 2025, which means the new tax credit rules will apply sooner than originally planned.

TECHNICAL

The document was reformatted from a Committee Substitute version to a Senate Floor version, with updated page headers and formatting.

A committee report was added indicating the bill passed as amended on March 5, 2025.

Floor votes · Senate Mar 5, 2025

How they voted

22–0

Passed

Total votes 22

Mar 5, 2025

D Democratic5

5 Yea

100% Yea

R Republican17

17 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 5, 2025

Upper · Passed

Reported Do Pass as amended Appropriations committee; CR filed

upper

Mar 5, 2025

Senate · Passed

Senate Vote: pass (22-0)

senate

Feb 24, 2025

Committee

Referred to Appropriations

upper

Feb 24, 2025

Upper · Passed

Reported Do Pass, amended by committee substitute Revenue and Taxation committee; CR filed

upper

Feb 3, 2025

Introduced

First Reading

upper

2 primary · 0 co-sponsors