Budget & Taxes

in committee · Oklahoma · House Feb 4, 2025

HB 1854: Revenue and taxation; sales tax; exemptions; nonprofit entities; effective date; emergency.

HB 1854 amends Oklahoma's sales tax exemption rules to expand relief for certain nonprofits and public entities. It adds a new exemption for admission ticket surcharges used solely to repay debt for college athletic or cultural facilities (e.g., stadiums, theaters), and broadens tax exemptions for purchases made by specific public authorities and agencies on behalf of state projects. The bill also requires vendors to verify that purchases are for qualifying public entities to prevent misuse. This directly affects colleges, public authorities, and vendors selling to these organizations, reducing their sales tax burden on eligible transactions. The bill is currently in committee review and has not yet become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax exemptions for nonprofits/public entities, directly modifying tax policy to provide relief per bill's summary.90% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · Oklahoma · Senate Feb 4, 2025

SB 326: Income tax; providing credit for certain occupational licensing fees. Effective date.

SB 326 creates an income tax credit for Oklahoma taxpayers who pay state-mandated fees to obtain or renew occupational licenses (e.g., for professions like nursing, contracting, or cosmetology). The credit covers fees paid to state agencies or approved third parties for licensing, certification, or required continuing education. To claim it, taxpayers must provide documentation to the Oklahoma Tax Commission and not have had their license suspended during the tax year. The credit applies to tax years starting in 2026 and cannot reduce tax liability below zero, with the bill taking effect November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for occupational licensing fees, reducing taxable income for eligible taxpayers and providing direct tax relief.95% confidence

Sub-Topics Fees & Licensing Income Tax Tax Credits Tags Licensing

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in committee · Oklahoma · House Feb 4, 2025

HB 2192: Revenue and taxation; income tax credit; certified public accountant; effective date.

HB 2192 creates a $5,000 annual income tax credit for certified public accountants (CPAs) employed by the Oklahoma State Treasurer's Office or State Auditor and Inspector's Office starting January 1, 2026. The credit, which can be claimed for up to five total years (not necessarily consecutive), reduces state income tax liability but cannot lower it below zero. Unused credit amounts may be carried forward to subsequent years within the five-year limit. This bill directly affects qualified CPAs working for these two state offices, providing a financial benefit tied to their employment.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $5,000 annual tax credit for state-employed CPAs, reducing tax liability and aligning with tax relief support indicator.95% confidence

Sub-Topics Audits & Accountability Income Tax Tax Credits

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in committee · Oklahoma · Senate Feb 4, 2025

SB 1117: Income tax; modifying definition of qualified project for economic development and infrastructure expenditures credit. Effective date.

This bill modifies Oklahoma's economic development tax credit program by adjusting location requirements to prioritize projects in counties with populations under 100,000 (pre-2026) or 400,000 (2026 onward). It increases the credit rate to 50% for rail infrastructure projects (e.g., new tracks, spurs) versus 10% for other construction, with a $6 million maximum credit per project. Businesses building in qualifying rural areas or adjacent to rail lines can claim these credits for eligible construction costs. Unused credits may be assigned to partners like vendors or investors, and unclaimed credits carry over for up to five years. The changes take effect November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax credit program to increase rates (50% for rail) and prioritize rural projects, advancing tax incentives for economic development.90% confidence ✓ TransportationSupports TransportationBill increases tax credit rate to 50% for rail infrastructure projects (e.g., new tracks), directly funding transportation infrastructure development with targeted incentives.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Rail

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in committee · Oklahoma · House Feb 17, 2025

HB 2218: Economic development; Local Music Incentive Act of 2025; definitions; incentives; reports; procedures; effective date; emergency.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax rebates (sales/drink tax) for venues hosting local music events, capping annual spending at $10M to incentivize economic development through targeted tax relief.95% confidence

Sub-Topics Sales Tax Tax Incentives

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in committee · Oklahoma · Senate Feb 9, 2026

SB 1393: Income tax credit; creating the RESTORE Act; providing credit for certain adaptive reuse projects. Effective date. Emergency.

SB 1393, the RESTORE Act, creates a 50% tax credit for developers converting old, vacant commercial buildings (over 50 years old, vacant for 3+ years, and not eligible for historic tax credits) into residential housing. It directly affects property owners or developers who undertake "adaptive reuse" projects, covering extra renovation costs like environmental cleanup, code compliance, and infrastructure upgrades. The credit is capped at $5 million annually (2027-2037), requires 20% of units to be affordable for 10 years, and allows unused credit to carry forward to future tax years. Projects must meet specific affordability and location criteria, with annual reports tracking housing units and economic impact.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% tax credit for adaptive reuse projects, providing direct tax relief to developers for renovation costs, aligning with tax relief indicators.95% confidence ✓ EnvironmentSupports EnvironmentBill covers environmental cleanup costs for adaptive reuse projects, directly supporting environmental protection through renovation incentives and reuse of existing structures.85% confidence ✓ HousingSupports HousingCreates 50% tax credit for converting vacant commercial buildings into residential housing, requiring 20% affordable units, directly advancing housing development and affordability.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Historic Preservation

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in committee · Oklahoma · House Feb 4, 2025

HB 2241: Revenue and taxation; income tax; credit; firearm safety devices; effective date.

HB 2241 allows Oklahoma taxpayers to claim a 50% tax credit (up to $1,000 annually) for purchasing firearm safety devices like gun safes, lock boxes, or storage cases starting in 2026. The credit applies only to qualifying safety devices - not firearms themselves - and cannot reduce a taxpayer's liability below zero. Unused credit amounts may be carried forward for up to five years. This policy directly affects Oklahoma residents who buy qualifying safety equipment for storing firearms.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax credit reducing liability for firearm safety devices, constituting tax relief under taxation policy.85% confidence

Sub-Topics Income Tax Procurement Tax Credits

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in committee · Oklahoma · Senate Mar 11, 2025

SB 223: Income tax; authorizing claim for child tax credit in the tax year certain stillborn birth certificates are issued. Effective date.

SB 223 allows Oklahoma taxpayers to claim a state income tax credit for stillborn children. Specifically, it authorizes a credit equal to 5% of the federal child tax credit (as defined under the Internal Revenue Code) for each stillbirth resulting in a birth certificate issued under Oklahoma law. This credit must be claimed in the tax year the stillbirth occurs, and it applies only if the child would have been a household member. The Oklahoma Tax Commission may establish rules to implement this provision.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates a state income tax credit (5% of federal child tax credit) for stillborn births, providing targeted tax relief to eligible taxpayers, directly impacting tax policy.92% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Oklahoma · House Feb 4, 2025

HB 1068: Public finance; nondisclosure agreements; legal entities; effective date.

HB 1068 prohibits Oklahoma state government entities and public trusts (benefiting the state) from signing agreements with businesses that block disclosure of payment terms for state-funded incentives, grants, or tax credits. It directly affects state agencies, local governments, and businesses receiving state funds by requiring transparency about how public money is used. The bill allows exceptions for genuine business secrets like trade secrets, input costs, labor expenses, or profit margins provided by the business itself. The law takes effect November 1, 2025, and aims to ensure public visibility into state financial transactions with private entities.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires transparency in state spending on incentives/grants/tax credits, promoting fiscal accountability without altering tax rates or funding levels.95% confidence

Tags Government Transparency

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in committee · Oklahoma · Senate Feb 4, 2025

SB 246: Teachers; allowing public school districts and charter schools to provide certain designations to certified classroom teachers; creating the Distinguished Educator Allotments Revolving Fund. Effective date. Emergency.

SB 246 creates three teacher designations - Recognized (55% student growth), Exemplary (60%), and Master (70%) - based on student academic growth metrics in reading/math. It establishes Distinguished Educator Allotments, providing public school districts and charter schools with funding per designated teacher: $3,000-$9,000 for Recognized, $6,000-$18,000 for Exemplary, and $12,000-$32,000 for Master, adjusted by student growth point values. The State Board of Education sets standards for these designations and oversees implementation, while the State Department of Education monitors systems and reports outcomes. This bill directly affects certified teachers meeting growth targets, school districts receiving funds, and state education agencies managing the program.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new state funding allocations ($3k-$32k per teacher) for public schools through Distinguished Educator Allotments, directly increasing public education budget appropriations.95% confidence ✓ EducationSupports EducationCreates performance-based teacher funding ($3k-$32k per designated educator) to reward teachers and provide school districts with additional resources for recognized educators.95% confidence

Sub-Topics Teachers

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