HB 2024, the Oklahoma Space Renaissance Act, allocates $51.3 million in state funds to support Oklahoma's space industry development. The bill directs $35 million for infrastructure at the Oklahoma Air and Space Port to enable spacecraft testing and launches, and $15 million for a microgravity research consortium focused on commercial science projects in Oklahoma City. It also provides $1.3 million for the Oklahoma Space Industry Development Authority to carry out its duties. The funding is intended for fiscal year 2026, with the bill effective July 1, 2025.
HB 1221 creates "SAFE Accounts" in Oklahoma’s State Treasury to manage specific federal funds received by state agencies. It requires agencies to seek legislative approval (via concurrent resolution) before accessing funds from competitive grants, federal relief payments, or block grants, and mandates detailed reporting to the Legislature about grant applications and funding purposes. Existing federal programs already managed by agencies as of January 1, 2025, are excluded from these requirements unless they involve competitive grants needing reapplication after November 2025. The bill also establishes deadlines for submitting notices and holding hearings on new federal funding sources, effective July 1, 2025, for block grants and November 1, 2025, for competitive grants.
HB 1760 creates tax credits for Oklahoma taxpayers who contribute to eligible scholarship-granting or educational improvement organizations. It allows a 50% tax credit (up to $1,000 for individuals, $2,000 for married couples, $100,000 for businesses) on contributions, increasing to 75% for those making a multi-year commitment with written proof. The bill also modifies how credits are allocated to business owners and requires annual financial reporting from participating organizations. These credits are subject to annual caps established by the Oklahoma Tax Commission.
HB 1280 (2025) requires Oklahoma school districts to spend at least 50% of their annual budget on classroom instruction starting in 2025-2026. If a district falls below this threshold, it must increase instructional spending by 2% annually until reaching 50%, or face a written warning and, after four years of non-compliance, a permanent 2% annual teacher pay raise for each year missed. The bill defines "annual budget" to exclude bond sales, fundraisers, and non-educational grants, and "instructional expenditures" per federal standards. The bill failed to pass (36-57) on March 27, 2025, so it is not law.
HB 1104 allows Oklahoma counties with fewer than 200,000 residents to levy a 3% lodging tax on hotels and motels (excluding campsites) to fund county-owned tourism facilities. The tax requires voter approval via election or petition and must be deposited exclusively into a dedicated tourism fund, not general county revenue. Counties may not impose this tax within municipalities that already collect their own lodging tax. The bill specifies the tax must fund tourism promotion, advertising, or facility development, with proceeds restricted to these purposes only. It becomes effective November 1, 2025, pending voter approval.
HB 2033 creates a revolving fund called the "Community Health Center Access to Care Revolving Fund" within Oklahoma's State Department of Health. The fund, not limited by fiscal years, will use appropriated monies to increase access to care at federally authorized community health centers (as defined under 42 U.S.C. §330). The Department of Health can spend these funds to support such centers, with expenditures requiring State Treasurer warrants based on approved claims. The bill takes effect July 1, 2025, and was declared an emergency to allow immediate implementation.
HB 2014 creates the Legal Services Revolving Fund in Oklahoma to provide legal representation for low-income residents in specific civil cases. It prioritizes family law, domestic violence cases, and eviction (forcible entry and detainer) cases, with funds allocated across all 77 counties based on census data showing poverty levels. The bill strictly prohibits using these funds for criminal cases, abortion-related services, or challenges to census data. Eligible legal aid organizations must follow federal auditing standards and report annually on fund usage to state committees.
HB 2740 amends Oklahoma's individual income tax structure for tax years beginning January 1, 2026. It reduces the top marginal tax rate from 5.50% to 4.75% for all taxable income above specific thresholds, applying to both single filers and married couples filing jointly. The bill establishes new, lower tax brackets: for example, single filers pay 0.25% on the first $1,000, 0.75% on the next $1,500, and 4.75% on all remaining income. This change affects all Oklahoma residents and nonresidents filing state income tax returns, with no federal tax deduction allowed.
HB 2742 clarifies and updates definitions related to Oklahoma's cigarette and heated tobacco product excise tax system. It defines "cigarette" to explicitly include heated tobacco products and creates new rules for "delivery sales" (such as online or mail orders to consumers). The bill affects cigarette manufacturers, wholesalers, retailers, and online sellers by specifying tax obligations for these transactions. Key provisions include redefining terms like "wholesaler," "retailer," and "delivery sale," and clarifying tax exemptions for sales to veterans hospitals, the U.S. government, and other specific entities. This is a procedural tax administration bill, not a new tax rate change.
