Budget & Taxes

died · Oklahoma · House Feb 24, 2025

HB 2219: Revenue and taxation; Oklahoma Revenue and Taxation Act of 2025; effective date.

HB 2219, the "Crossroads Sound and Screen Act," creates tax rebates for music production companies that create content in Oklahoma. It offers tiered rebates (10-25% of facility costs, plus up to 14% more for Oklahoma-based talent or local work) with a $500,000 maximum per project and a $10 million annual spending cap. To qualify, companies must meet requirements like paying Oklahoma crews, carrying insurance, and participating in promotional activities. The program is administered by the Oklahoma Department of Commerce and Tax Commission using a dedicated revolving fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax rebates for businesses with $10M annual budget cap, directly implementing tax policy to incentivize economic activity.95% confidence

Sub-Topics Business Taxes Government Spending Tax Incentives

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passed · Oklahoma · House Feb 2, 2026

HB 1834: Revenue and taxation; creating the Inhofe Disaster Savings Account Act; income tax; effective date.

HB 1834 creates the "Inhofe Disaster Savings Account Act" in Oklahoma, allowing homeowners to set up tax-advantaged savings accounts specifically for covering insurance deductibles or self-insured losses related to qualifying disasters (hurricanes, tornadoes, floods, etc.) at their primary residence. Homeowners can deduct contributions from state taxable income (with limits based on their insurance deductible: $2,000 max for deductibles ≤$1,000, up to $15,000 or twice the deductible for higher deductibles, or $350,000 for self-insured), and all interest earned in the account is exempt from state income tax. Withdrawals are tax-free if used for qualified disaster expenses (declared by federal/state authorities), but otherwise become taxable income with a 2.5% penalty, and accounts pass tax-free to surviving spouses upon death. The law takes effect January 1, 2026, targeting Oklahoma homeowners seeking disaster financial preparedness.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax deduction for disaster-related expenses, reducing taxable income for homeowners - direct tax relief aligned with fiscal responsibility and middle-income support.95% confidence

Sub-Topics Income Tax

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passed · Oklahoma · Senate May 7, 2026

SB 244: Higher education; establishing the Program of American Civic Thought and Leadership at the University of Oklahoma; making an appropriation. Effective date. Emergency.

SB 244 establishes the Program of American Civic Thought and Leadership at the University of Oklahoma (OU). It creates a new academic program focused on teaching American political principles, leadership, civic engagement, and foundational texts of U.S. history and government through courses for students. The program will hire faculty, develop new majors/minors, and offer courses including an upcoming requirement for all OU students to complete a civic knowledge course. It requires annual strategic plans and reports to state leadership, with initial courses launching in fall 2027. The program will operate independently on OU's Norman campus, funded by state appropriations and donations.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill explicitly makes an appropriation (funds) for a new academic program at OU, directly increasing state spending on higher education through budget allocation.90% confidence ✓ EducationSupports EducationEstablishes mandatory civic course, funds new program at OU, and expands curriculum in higher education.95% confidence

Sub-Topics Appropriations Higher Education

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passed · Oklahoma · Senate Apr 10, 2025

SB 291: Income tax credit; providing certain tax credit. Effective date.

SB 291 creates a refundable income tax credit for Oklahoma residents based on revenue growth from oil, natural gas, and corporate income taxes. If the State Board of Equalization certifies that revenue growth exceeds 10% in a year, the Oklahoma Tax Commission calculates a credit amount using a formula based on the number of individual and married-filing-jointly tax returns from the prior year. The credit is doubled for married couples filing jointly, and the Commission must publish the calculated amount within 45 days of certification. The credit applies to tax years starting in 2026, with a November 1, 2025 effective date.

Topics ✓ Budget & TaxesSupports Budget & TaxesRefundable tax credit directly provides tax relief to residents, aligning with support indicators for tax relief measures in Budget & Taxes.85% confidence ✓ EnergySupports EnergyBill creates tax credit tied to oil/natural gas revenue growth, directly supporting fossil fuel energy production within energy policy.90% confidence

Sub-Topics Business Taxes Income Tax Tax Credits Oil & Gas

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died · Oklahoma · House Feb 6, 2025

HB 2755: Revenue and taxation; tax credits; biomedical and cancer research; effective date.

HB 2755 modifies Oklahoma's tax credit system for donations to biomedical and cancer research institutes. It sets annual spending limits: $1.5 million for biomedical research donations and $500,000 for cancer research donations starting in 2026 (down from a combined $2 million limit before). The bill defines qualifying organizations by requiring significant federal research funding ($20 million annually for biomedical institutes, $4 million for cancer institutes) and caps individual credits based on filing status (e.g., up to $25,000 for business donors). Taxpayers can carry unused credits forward for up to four years, and the credit cannot exceed their annual tax liability. The changes take effect November 1, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill sets annual spending limits on tax credits for research, restricting available tax relief by capping donations and requiring stricter qualifying criteria.85% confidence ✓ HealthcareSupports HealthcareBill modifies tax credits for biomedical/cancer research donations, incentivizing private funding to advance healthcare innovation and research programs.85% confidence

Sub-Topics Tax Credits

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in committee · Oklahoma · Senate Feb 4, 2025

SB 288: Income tax; providing credit for certain Oklahoma National Guard members that purchase a home. Effective date.

SB 288 creates a state income tax credit for Oklahoma National Guard members who buy a home in Oklahoma. It allows eligible members to claim a credit equal to their down payment and closing costs, up to $4,000, for tax years 2026 and later. The credit is refundable (meaning it can be paid even if the member owes no state tax) and limited to one claim per person. To claim the credit, members must submit proof of purchase costs using a form provided by the Oklahoma Tax Commission. This policy directly affects Oklahoma National Guard members purchasing residential property within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesSB 288 creates a refundable income tax credit ($4,000 max) for National Guard homebuyers, providing direct tax relief and reducing state tax revenue, aligning with tax relief indicators for middle-income groups.95% confidence ✓ HousingSupports HousingTax credit reduces homebuying costs for National Guard members, supporting housing access through financial incentives for home purchases.85% confidence ✓ VeteransSupports VeteransCreates tax credit for National Guard home purchases, expanding financial benefits for veterans (National Guard members are veterans eligible for state benefits).90% confidence

Sub-Topics Income Tax Procurement Tax Credits Homeownership National Guard & Reserve

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signed · Oklahoma · Senate Apr 1, 2026

SB 680: Tobacco products; modifying definition; providing exemption. Effective date.

SB 680 modifies Oklahoma's definition of "cigarette" to explicitly include heated tobacco products, expanding the scope of existing tax regulations. The bill provides a tax exemption for these products and requires the Oklahoma Tax Commission to establish rules for compliance. This directly affects manufacturers, distributors, and retailers of heated tobacco products by changing how they are classified under cigarette tax laws. The bill updates statutory definitions and references to align with this new exemption, ensuring heated tobacco products are treated consistently under the tax code.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill provides tax exemption for heated tobacco products, reducing potential state tax revenue under cigarette tax laws by excluding them from existing tax obligations.85% confidence

Sub-Topics Tax Incentives

in committee · Oklahoma · House Feb 4, 2025

HB 2228: Revenue and taxation; sales tax; sales tax relief credit; effective date; emergency.

HB 2228 updates Oklahoma's Sales Tax Relief Act to increase eligibility and credit amounts for low-income residents. It raises the income threshold for single filers to $55,000 (from $20,000) and for families/seniors/disabled individuals to $75,000 (from $50,000), while increasing the credit from $40 to $200 per personal exemption. The bill also adds income-based reductions: credits decrease by 1% for income over $55,000 (single filers) or 1.5% over $75,000 (families), but never below zero. This directly affects eligible Oklahoma residents filing state taxes with household incomes within these new limits. The changes take effect November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases sales tax relief for low-income residents by raising income thresholds and credit amounts, directly supporting tax relief for middle/lower income groups.95% confidence

Sub-Topics Sales Tax

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signed · Oklahoma · Senate May 8, 2026

SB 201: Schools; modifying minimum salary schedule for certain certified personnel. Effective date. Emergency.

SB 201 establishes a mandatory minimum salary schedule for Oklahoma public school teachers beginning in the 2025-2026 school year. It sets specific annual salary floors based on years of experience and education level (e.g., $50,000 for a bachelor's degree with 0 experience), requiring school districts to meet these amounts through salary or fringe benefits. The bill defines "fringe benefits" to include retirement contributions (excluding certain state-mandated portions) and mandates written notice to teachers if districts propose salaries below the minimum. It also standardizes how teaching experience (including out-of-state, military, or Department of Defense service) is counted for salary increments, while prohibiting credit for more than five years of such experience.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates school districts to allocate funds toward teacher salary floors, increasing government spending on public education through budget reallocation.90% confidence ✓ EducationSupports EducationMandates minimum teacher salaries with specific floors, directly supporting educator compensation and retention in K-12 schools through required funding mechanisms.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMandates minimum teacher salaries with experience-based floors, directly advancing wage protections for educators.95% confidence

Sub-Topics Teachers

introduced · Oklahoma · Senate May 7, 2025

SCR 11: Concurrent resolution; stating legislative intent to reduce the individual income tax rate by 0.25% point.

SCR 11 is a concurrent resolution expressing the Oklahoma Legislature's intent to reduce the individual income tax rate by 0.25% for taxpayers. It directly affects all Oklahomans who pay individual income tax, aiming to return revenue to citizens while maintaining fiscal responsibility. The resolution urges state agencies to eliminate budget waste - particularly for unfilled positions - and protect core services like education and public safety during potential spending reductions. It does not enact a tax cut but formally states legislative intent to pursue this policy change during the upcoming session, citing Oklahoma's strong financial position with over $5 billion in reserves.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces individual income tax rate by 0.25%, returns revenue to citizens, promotes fiscal responsibility, and protects core services per summary.95% confidence ✓ EducationSupports EducationBill explicitly states protecting education as a core service during spending reductions, preventing defunding despite tax cut focus.85% confidence

Sub-Topics Business Taxes Income Tax Sales Tax

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