Budget & Taxes

in committee · Oklahoma · Senate Feb 3, 2026

SB 2059: Income tax; creating the Promote Child Thriving Act; providing income tax credit. Effective date. Emergency.

SB 2059 creates an income tax credit called the "Promote Child Thriving Act" for married biological parents of children under 18. It provides a $500 credit per child for children living with both married biological parents, or a $1,000 credit if the parents were married before the child's birth. To qualify, parents must be legally married, listed on the child's birth certificate (or custodial), and reside together for at least six months (with limited exceptions). The credit is non-refundable and must be claimed via a form approved by the Oklahoma Tax Commission, directly affecting married biological parents raising children in their home.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing tax burden for qualifying families, aligning with tax relief support95% confidence

Sub-Topics Income Tax Tax Credits

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signed · Oklahoma · House Apr 20, 2026

HB 3704: Revenue and taxation; income tax; federal income tax credit; election to participate; scholarship granting organizations; Oklahoma Tax Commission; effective date.

HB 3704 directs Oklahoma to participate in a federal income tax credit program allowing individuals to claim a credit for donations to scholarship granting organizations (SGOs). The bill requires the Governor to certify Oklahoma's participation to the U.S. Treasury and designates the Oklahoma Tax Commission to register SGOs, maintain their lists, and handle federal reporting. This enables Oklahoma taxpayers to claim the federal credit for qualifying donations, while coordinating with Oklahoma's existing state tax credit for SGO contributions. The law takes effect July 1, 2026, and remains in place until changed by law or federal policy.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables tax credit for SGO donations, reducing taxable income for donors, aligning with tax relief indicators.90% confidence ✓ EducationSupports EducationEnables tax credits for donations to SGOs, expanding scholarship access for K-12 education through private funding mechanisms.85% confidence

Sub-Topics Income Tax Tax Credits School Choice Student Financial Aid

in committee · Oklahoma · House Feb 3, 2026

HB 3679: Revenue and taxation; sales tax exemption; governmental and nonprofit entities; effective date; emergency.

HB 3679 amends Oklahoma's sales tax exemption rules for governmental and nonprofit entities. It specifically adds a new exemption allowing colleges to exclude admission ticket surcharges used solely to repay debt for athletic, theater, or cultural facility construction. The bill also clarifies existing exemptions for county fairs, religious organizations, and public entities like schools and veterans' authorities. These changes directly affect public institutions, educational facilities, and nonprofit organizations purchasing goods or services for exempt purposes. The policy update focuses on defining precise conditions for tax exemptions without altering tax rates or creating new programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax relief for colleges by exempting athletic/theater facility debt surcharges from sales tax, supporting fiscal management of public entities.95% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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died · Oklahoma · House Feb 9, 2026

HB 4281: Roads; bridges; ROADS Fund; amounts; references; restrictions; apportionment; weigh stations; ports of entry; revolving fund; codification; effective date; emergency.

HB 4281 creates the "Rebuilding Oklahoma Access and Driver Safety Fund" to dedicate state funding for road and bridge projects. It mandates annual appropriations starting at $80 million (increasing to $640 million by 2026) for the Oklahoma Department of Transportation, prioritizing road/bridge construction, maintenance, and debt payments on transportation bonds. The bill also allocates $2 million yearly for the "Heartland Flyer" rail project and $3 million for public transit. These funds are separate from general revenue and must be spent per the bill's specified uses, with no new taxes or fees required.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill mandates increasing annual appropriations ($80M→$640M) for road/bridge projects and public transit, directly funding infrastructure through state budget allocations.95% confidence ✓ TransportationSupports TransportationCreates dedicated fund for road/bridge projects with $80M-$640M annual appropriations, allocates $2M for rail and $3M for transit - direct funding increase for transportation infrastructure.95% confidence

Sub-Topics Revenue Bridges Roads & Highways Transportation Funding

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in committee · Oklahoma · Senate Feb 3, 2026

SB 2015: Local Development Act; modifying amount of incentives or exemptions granted; requiring project plans to serve the public as a whole. Effective date.

SB 2015 modifies Oklahoma's Local Development Act to limit tax incentives for new development projects. It caps incentives at 50% of new investment, bans tax breaks for retail properties (except hotels and similar lodging), and requires all projects to include provisions benefiting the broader public, not just private entities. The bill also mandates annual reports detailing incentive recipients, project costs, public benefits, and financial disclosures to the Oklahoma Department of Commerce. These changes aim to ensure tax breaks serve community needs while preventing excessive or exclusive private benefits.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts tax incentives by capping at 50% and banning retail breaks, requiring public benefits, thus limiting tax expenditures for private development.95% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · Oklahoma · Senate Feb 3, 2026

SJR 44: Constitutional amendment; increasing voter threshold for levy of tax and issuance of debt.

SJR 44 is a constitutional amendment requiring voter approval for property tax changes and debt issuance. It would raise the threshold from a simple majority to at least two-thirds of registered voters casting ballots for any new tax, tax increase, or debt issuance by counties, cities, or other local governments. The amendment affects all local taxing jurisdictions in Oklahoma by making it harder to pass tax or debt measures without broad public support. It applies to existing constitutional provisions governing property taxes (Sections 6B, 8, 9, etc.) and revenue bills, though it does not change current tax exemptions like manufacturing incentives. The measure must be approved by voters in an election to take effect.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRaises voter approval threshold for local tax/debt measures, restricting passage of new taxes and debt issuances without broad public support.95% confidence ✗ HousingOpposes HousingRaises voter threshold for property tax/debt measures, making it harder for local governments to fund housing initiatives through bonds or tax increases, thus limiting housing development funding.85% confidence

Sub-Topics Business Taxes Debt & Bonds Property Tax Property Taxes

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died · Oklahoma · House Feb 4, 2026

HB 3917: Public utilities; defining terms; requiring certain public utilities to make certain filing with Corporation Commission; effective date.

HB 3917 requires public utilities providing electricity to large data centers (defined as facilities using 50+ megawatts monthly) to file new tariff schedules with Oklahoma's Corporation Commission. These tariffs must include a peak-demand surcharge specifically for large data center customers. All surcharge revenue collected by utilities must be transferred to the newly created "Grid Modernization Revolving Fund" in the state treasury. The fund, managed by the Corporation Commission, will finance electric grid modernization projects, with the bill taking effect November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a surcharge on large data centers, directing all revenue to a state Grid Modernization Fund for infrastructure investment, aligning with funding essential programs.85% confidence ✓ EnergySupports EnergyCreates Grid Modernization Fund from data center surcharges to upgrade energy infrastructure, advancing grid reliability and efficiency.92% confidence

Sub-Topics Fees & Licensing Electric Grid

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in committee · Oklahoma · House Feb 3, 2026

HB 4064: Revenue and taxation; Oklahoma taxable income and adjusted gross income; OSHA; consultation; effective date.

HB 4064 modifies Oklahoma's tax calculation rules for income tax purposes. It adjusts how state tax liability is calculated by adding state/local interest income not federally exempt, deducting amounts federal law prohibits taxing, and changing how businesses can carry forward net operating losses (e.g., limiting loss carrybacks to two years for certain tax years). These changes apply directly to Oklahoma taxpayers, including both individuals and corporations, when filing state income tax returns. The bill updates existing tax code provisions to align with federal rules and clarify income allocation methods.

Topics ✗ Budget & TaxesOpposes Budget & TaxesAdds taxable income (state/local interest) and restricts business loss carrybacks, increasing state tax revenue.95% confidence

Sub-Topics Income Tax

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in committee · Oklahoma · House Feb 3, 2026

HJR 1041: Oklahoma Constitution; homestead exemption; surviving spouses; veterans; Gold Star; ballot title; filing.

This proposed constitutional amendment (HJR 1041) would expand Oklahoma's homestead exemption to include surviving spouses of veterans who died in military service and received "Gold Star" status from the U.S. Department of Defense. It would allow these surviving spouses to claim a full property tax exemption on their homestead until they remarry, provided they reside in Oklahoma and previously qualified for the homestead exemption. The change applies retroactively to properties owned as of the 2014 calendar year by surviving spouses of veterans previously determined to have died in duty. This is a voter-approved constitutional amendment, not a law, and would require approval in a statewide referendum.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides full property tax exemption for surviving spouses of Gold Star veterans, reducing their tax burden (tax relief for eligible group).95% confidence ✓ HousingSupports HousingProvides property tax exemption for surviving spouses of veterans on homestead, reducing housing costs and protecting property rights for vulnerable homeowners, aligning with housing affordability support.80% confidence ✓ VeteransSupports VeteransExpands property tax exemption for surviving spouses of Gold Star veterans, providing financial protection and recognition of service.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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in committee · Oklahoma · House Feb 3, 2026

HB 3458: Appropriation; School Security Revolving Fund; amount; purpose; effective date; emergency.

HB 3458 appropriates $150 million from Oklahoma's General Revenue Fund to the School Security Revolving Fund for the 2027 fiscal year. This funding directly supports school security initiatives, including school resource officers, as authorized under existing law (Section 5-148.1 of Title 70). The bill takes effect on July 1, 2026, and is designated as an emergency measure to address immediate security needs. It does not create new policies but allocates existing funds to implement current school security requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $150M from General Revenue Fund to school security programs, increasing public service funding under existing budget structure without tax changes.95% confidence ✓ Criminal JusticeSupports Criminal JusticeFunds school resource officers (SROs) under existing law, directly supporting law enforcement presence in schools - a component of criminal justice policy through resource allocation.90% confidence ✓ EducationSupports EducationAllocates $150M for school security initiatives (e.g., resource officers) under existing law, directly funding K-12 safety infrastructure per education topic description.90% confidence

Sub-Topics Appropriations Revenue School Safety

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