SB 1919 increases Oklahoma's annual cap on tourism development incentives from $30 million to $60 million. It affects tourism companies building attractions by allowing sales tax credits of up to 10% for projects under $1 million or 25% for larger projects, subject to revenue-neutrality rules (ensuring projects don't cost the state money). Entertainment District developers can also choose to receive incentive payments based on tenant sales tax collections, with a 10% annual payment limit. All incentives require verification of project costs and must not exceed the state's revenue-neutral threshold.
SB 1696 creates the Oklahoma Talent Attraction and Relocation Revolving Fund in the state treasury to support a new program administered by the Oklahoma Department of Commerce. It provides grants to cities, counties, or qualifying nonprofits to recruit high-income households (earning at least $55,000 annually) relocating to Oklahoma from outside the state, with a maximum grant of $250,000 per municipality per year. Grants are disbursed in two installments: 50% upfront and 50% after verifying at least half of the targeted household relocations. Recipients must submit semiannual reports on relocation numbers, economic impact, and grant usage, and repay funds if goals aren't met or if funds are misused. The program takes effect November 1, 2026.
SB 1193 removes restrictions on how much money Oklahoma school districts can carry over from one year's general fund to the next and eliminates penalties for exceeding previous carryover limits. It also removes a rule that previously blocked districts with per-pupil revenue over 300% of the average from receiving state aid. The bill updates the state's school funding formula to reflect these changes, allowing districts more flexibility with their budgets. This directly affects all Oklahoma public school districts by changing how their state aid is calculated and distributed.
SB 1339 establishes a tiered minimum salary schedule for certified school personnel (like teachers) in Oklahoma public schools, based on years of experience and education level. It requires the State Board of Education to allocate state funds annually to school districts to implement these salary increases starting with the 2025-2026 school year. The bill directly affects all Oklahoma public school districts and their certified staff by mandating specific pay thresholds. The schedule includes detailed pay rates for different experience levels and degrees, with provisions for fringe benefits and out-of-state certification recognition.
HB 1427 creates tax credits for Oklahoma taxpayers who invest in qualifying clean-burning motor vehicle fuel equipment. It directly affects vehicle owners and businesses that install or purchase equipment allowing vehicles to run on compressed natural gas, hydrogen, liquefied natural gas, or liquefied petroleum gas. The bill provides tiered credits: up to $5,500 for light vehicles (under 6,000 lbs), up to $100,000 for heavy trucks (over 26,500 lbs), and 45% of costs for commercial refueling stations. Credits are limited to new, certified equipment meeting safety standards and must be claimed against state income tax. Unused credits can be carried forward for up to five years.
SB 1332, the THRIVE Act, creates a program providing zero-interest loans to eligible housing developers needing water, wastewater, or stormwater infrastructure to complete housing projects. It establishes a $100 million revolving fund administered by the Oklahoma Water Resources Board, allocating funds based on population size (33% to large cities, 33% to mid-sized areas, 34% to small communities). The program requires a scoring system for applications prioritizing housing needs, economic development, workforce housing, and fiscal sustainability, with a clawback provision requiring repayment if projects aren't completed. It mandates annual public reporting on project status and outcomes, effective November 1, 2026.
This bill authorizes an emergency appropriation of approximately $19.66 million to the Oklahoma Department of Mental Health and Substance Abuse Services. The funds must come from the Rate Preservation Fund in the State Treasury and are designated specifically for Title XIX services, which are Medicaid-funded mental health and substance abuse programs. The legislation includes an emergency provision, allowing the funding to take effect immediately upon the governor's approval without waiting for the regular budget cycle. This action provides direct financial resources to the state agency responsible for administering mental health and substance abuse services.
SB 1285 requires all new construction by Oklahoma state-funded entities (like agencies, universities, and career centers) to meet strict energy efficiency standards for heating, cooling, and building systems. It mandates minimum performance levels for heating systems (e.g., 90% efficiency for gas, banning electric resistance as primary heat), prioritizes geothermal systems, and requires life-cycle cost analysis over 25 years to select the most efficient options. The bill also requires integrated building control systems to monitor energy use and gives preference to licensed Oklahoma vendors and locally made HVAC equipment. These changes aim to reduce energy costs, promote renewable energy integration, and ensure state buildings meet verified efficiency benchmarks.
HB 2646 eliminates a limitation on taxpayers deducting wagering income when calculating Oklahoma taxable income, directly affecting individuals and businesses claiming such deductions. The bill amends Oklahoma Statute 68 O.S. § 2358 to allow full itemization of wagering income without prior restrictions. It also updates statutory references and adjusts tax year calculations for net operating losses. The bill was referred to the Governor but received a pocket veto on June 15, 2025, meaning it did not become law.
HB 2645 creates a tax credit for qualifying doctors practicing medicine in rural Oklahoma, directly affecting licensed physicians who meet specific residency and education criteria. The credit, capped at $20,000 per year per doctor, applies to taxable income from medical practice in designated rural areas (population under 25,000 and at least 25 miles from larger cities). The bill includes an annual $1 million total credit limit, with adjustments to prevent exceeding this cap. The bill was pocket-vetoed by the governor on June 15, 2025, and never became law.