HB 2019 amends Oklahoma's tax code to create two new tax credits for the aerospace industry. It allows Oklahoma aerospace employers to claim a credit equal to 5-10% of wages paid to employees with Oklahoma degrees (up to $12,500 annually), and employees to claim up to $5,000 annually in tax credits for tuition reimbursement (capped at $5,000 total over five years). Both credits apply only to the first five years of employment and cannot reduce tax liability below zero. The bill extends these credits through 2032 (previously 2026) and takes effect November 1, 2025. It directly affects Oklahoma aerospace companies and their employees who meet the education and employment criteria.
HB 1540 creates the Oklahoma Workforce Education Partnership Revolving Fund within the State Treasury to support career and technology education programs. The fund, managed by the Oklahoma Department of Career and Technology Education (ODCTE), will use state appropriations, gifts, and donations to expand career tech education based on critical occupation data. It operates as a reusable fund (replenished by incoming revenue) until July 1, 2030, with expenditures requiring state treasurer warrants. The bill directly affects ODCTE's ability to fund workforce training programs, aiming to align education with local job market needs.
HB 2407 creates a $2 million revolving fund in the Oklahoma State Treasury, managed by the Department of Commerce, to provide grants for qualifying Main Street programs. To receive funding, a Main Street must first be designated by Oklahoma's Main Street Program, maintain that designation, and submit annual proof of eligibility. The grant funds, appropriated from the General Revenue Fund for fiscal year 2026, may be used for operational costs but cannot be relied upon for ongoing operations. The bill requires reallocation of unclaimed funds if a recipient loses their Main Street designation, effective July 1, 2025.
HB 1092 creates a $7,500 annual tax credit for Oklahoma residents who complete qualifying trade or vocational programs (such as HVAC, plumbing, or welding training) at approved Oklahoma schools. The credit, available for taxable years starting January 1, 2026, offsets income tax liability up to the actual tuition cost paid (whichever is lower), but cannot reduce tax below zero. Unused portions may carry forward for up to three years, and the credit can only be claimed once per individual after receiving program certification. This policy directly supports Oklahoma residents pursuing in-demand technical careers by reducing the cost of vocational education.
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 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 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 2028 would amend Oklahoma's sales tax code to exempt gun safes, firearm ammunition, and firearms from state sales tax. This change would directly affect consumers purchasing these items, as they would no longer pay the standard 4.5% state sales tax on these specific products. The bill achieves this by adding explicit language to Section 1357 of the Oklahoma Statutes, listing these items as tax-exempt under the "Exemptions - General" section. The bill is currently in committee review after its first reading in February 2025.
