SB 107 creates a state income tax credit for ambulance service staff in Oklahoma, effective for tax year 2025 and beyond. It provides specific credit amounts based on certification level: $100 for certified emergency medical responders, $200 for emergency medical technicians, $400 for intermediate/advanced EMTs, and $600 for paramedics. To qualify, workers must maintain required licenses/certifications and submit employer documentation verifying employment through the tax year, with only one credit allowed per tax year. The bill also requires the State Commissioner of Health to create an online submission form for this documentation.
SB 938 creates a state grant program to help Oklahoma municipalities increase workforce housing availability. Workforce housing is defined as housing for households earning 60% to 120% of the county's median income. Municipalities must submit a detailed plan covering current housing supply, projected needs, land use, and existing programs to qualify for one-time grants administered by the Oklahoma Housing Finance Agency. The program uses a new revolving fund in the state treasury, funded by state appropriations and private donations, and requires grantees to submit quarterly progress reports and repay funds if they fail to meet agreement terms. The law takes effect July 1, 2025.
SB 1087 allows property owners in Oklahoma to claim a credit against their annual property tax if local governments (counties, cities, or municipalities) fail to enforce laws against specific public nuisances like illegal camping, obstruction of streets, or public intoxication. The credit equals either the reduced property value caused by this inaction or the reasonable costs the owner incurred to mitigate the nuisance (e.g., security fencing). Property owners may claim this credit once yearly, with unused portions carried forward for up to 10 years, and local governments must prove the credit amount is unreasonable if challenged. The bill explicitly excludes credits for case-by-case prosecutorial decisions or federal-mandated actions.
HB 1428 creates a $10 million revolving fund called the "Building Equalization for K-8 Student Transfers Revolving Fund" (BEST Fund) to support school districts that receive K-8 students from other districts. The fund can be used for specific facility expenses like building construction, repairs, equipment purchases, utility costs, security systems, and school buses. Districts must use the funds only for these approved purposes, and expenditures require state approval through warrants. The fund is ongoing (not limited to fiscal years) and takes effect July 1, 2025.
SB 241 appropriates $20 million from Oklahoma's General Revenue Fund to the Department of Commerce for rebates on capital investments in hydrogen-related manufacturing. It directly affects companies building facilities that refine, manufacture, or process hydrogen-based products within chemical manufacturing industries (NAICS codes 324 or 325). The key provision offers rebates for qualifying capital expenses, funded by the state's general revenue. The program becomes effective November 1, 2025.
HB 1351 requires state agencies to submit detailed annual budgets by June 1, including quarterly spending breakdowns, organizational charts, and mission statements, and mandates agency leaders to certify compliance with budgeting rules. It also creates a transparency requirement: agency leaders must report within 72 hours any suggestion from a legislator (or their staff) about how state funds should be spent - including the time, nature of the suggestion, and the legislator’s identity - to the State Ethics Commission and post it online. These provisions apply to most state agencies, excluding CompSource Oklahoma under a specific pilot program, and take effect on November 1, 2025. The bill aims to increase accountability in budget decisions by making verbal funding requests publicly visible.
HB 1477 creates a $2,000 refundable income tax credit for Oklahoma homeowners who own a qualifying single-family home (under 1,501 sq ft, built at least 50 years ago in an established neighborhood) for 4-8 years. To qualify, homeowners must have held the homestead exemption for the previous three tax years. The credit is fully refundable, meaning eligible taxpayers receive the full $2,000 as a cash refund directly from the state, even if they owe no income tax. This policy directly affects qualifying homeowners in established older neighborhoods, providing a direct financial benefit tied to long-term property ownership. The credit applies to tax years beginning January 1, 2026.
HB 1207 lowers Oklahoma's individual income tax rates for tax years beginning in 2024 and 2025. It reduces the top tax rate for single filers from 5.50% to 4.75% on income above $6,200 (and for joint filers, from 5.50% to 4.75% above $12,400), while lowering rates across all income brackets compared to previous years. The bill directly affects all Oklahoma individual taxpayers (residents and nonresidents) who file state income tax returns, as it modifies the state's tax calculation method. The changes take effect for tax years starting in 2024, with no deduction allowed for federal income taxes paid.
HB 2094 creates a $250 tax credit for eligible small businesses in Oklahoma that use western redcedar trees as part of their storefront construction or design. The credit applies to taxable years beginning January 1, 2026, and is available to businesses defined as "small" under Oklahoma law (Title 75, Section 502). The credit cannot reduce a business's income tax liability below zero. This bill directly affects small businesses constructing or redesigning storefronts with western redcedar material, offering a limited tax incentive for this specific building practice.
SB 298 creates two new exemptions from Oklahoma's gross production tax for oil and gas producers. It exempts production from secondary/tertiary recovery projects approved after July 1, 2022 (for up to 5 years) and production from wells completed using recycled water (for up to 24 months, proportional to recycled water use). Producers must claim refunds through the Oklahoma Tax Commission, with annual spending limits of $15 million for recovery projects and $10 million for recycled water projects. The bill updates existing tax language and requires refunds for exempted production, directly affecting oil and gas operators implementing these specific production methods.
