HB 2745 creates new tax deductions for Oklahoma banks and credit unions that earn interest on qualifying agricultural and housing loans. It allows institutions to deduct up to $500,000 annually (for those with over $750 million in Oklahoma deposits) or $250,000 (for smaller institutions) from their privilege tax bill. The deductions apply to interest earned on agricultural real estate loans, agricultural operating loans, and single-family residence loans made between 2025 and 2028. Total deductions across all institutions are capped at $5 million per year, with annual adjustments to maintain this limit.
HB 2402 would create tax breaks and grants to attract manufacturers of low-temperature waste heat electrification technology (recovering heat below 200°C) to Oklahoma. Companies investing $10 million+ with 50+ new jobs would get up to 30% corporate tax breaks for five years (renewable), while larger investments ($20 million+ with 100+ jobs) qualify for 50% breaks. The state would cap annual spending at $8 million, with unused funds rolling over, and prioritize grants for facilities in economic development zones or energy-sector projects. Manufacturers must meet specific technology standards, submit job/investment plans, and report annually on progress to the Oklahoma Department of Commerce.
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 1046 creates the Oklahoma Spay and Neuter Grant Program, overseen by the Oklahoma Department of Agriculture, Food and Forestry, to reduce animal shelter overpopulation and euthanasia by funding spay/neuter services. It authorizes grants for local governments and animal welfare organizations targeting low-income communities and feral cat populations (where permitted), requiring competitive proposals that detail efficient service delivery and public outreach. The program includes an advisory board to review proposals, but the bill appropriates $0 for implementation, meaning no funds are allocated yet. The program will take effect July 1, 2026, pending future funding decisions.
HB 2218 creates a state tax rebate program to support local music performances in Oklahoma. It provides rebates on sales tax or drink sales tax collected by venues during eligible events, capped at $10 million annually. To qualify, events must feature Oklahoma-based performers (individuals or businesses owned by Oklahomans) for at least 30 minutes, with venues paying performers at least $100 per event. The rebate limits are $2,000 per event and $50,000 per venue yearly, applying to both ticketed and unticketed venues that sell taxable goods or drinks.
HB 2917 creates the "Ag in the Classroom Program" under Oklahoma's State Department of Agriculture to educate students (pre-K through 12th grade) about agriculture in both urban and rural schools. It increases the fee for Agricultural Awareness license plates from $24 to $27, directing the extra $3 per plate into an Ag in the Classroom Education Revolving Fund. The fund will support program expansion, particularly into urban areas, with the Department of Agriculture having exclusive control over the program and fund spending. This bill takes effect November 1, 2025.
HB 2918, the "Expanding Access to Local Foods Act of 2025," creates a program for the Oklahoma Department of Agriculture, Food, and Forestry to purchase locally grown fruits and vegetables from small and underserved Oklahoma farmers at market value. The department will donate this produce to Oklahoma non-profits that distribute food free of charge to address food insecurity. A dedicated revolving fund, financed by state appropriations, federal grants, and private contributions, will support the program's operations. The bill requires the department to establish rules for the program and takes effect on November 1, 2025.
