Budget & Taxes

in committee · Oklahoma · Senate Feb 26, 2026

SB 1398: Income tax credit; creating the Children's Promise Act; providing credit for contributions to certain charitable organizations. Effective date.

SB 1398, the "Children's Promise Act," creates an income tax credit for Oklahoma taxpayers who donate to qualifying charities focused on child welfare. The credit equals 50% of the donation (capped at the taxpayer’s total income tax bill) for organizations meeting strict criteria, including being headquartered in Oklahoma, serving children in state custody, preventing abuse/abandonment, or promoting traditional family values. Charities must certify they do not provide, fund, or support abortion services and meet specific local impact requirements. Taxpayers claim the credit on their tax return, and unused credits can be carried forward for up to five years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 50% income tax credit for child welfare donations (capped at tax bill), providing direct tax relief to taxpayers while incentivizing charitable support for state child welfare programs.95% confidence

Sub-Topics Income Tax Tax Credits

Track

died · Oklahoma · House Feb 11, 2025

HB 1482: Revenue and taxation; sales tax; fees; car wash; effective date.

HB 1482 adds car wash membership fees to Oklahoma's taxable sales list. Specifically, it requires sales tax on "dues or fees for car wash memberships, clubs, or any other type of periodic payment plans for the use of automatic tunnel car washes." This change affects car wash businesses offering recurring membership plans and their customers, who will now pay tax on these membership fees. The bill does not impact one-time car wash services or other types of memberships.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands taxable sales base by including recurring car wash membership fees, increasing potential state revenue without affecting one-time services.95% confidence

Sub-Topics Sales Tax

Track

signed · Oklahoma · House May 29, 2025

HB 2766: General appropriations; various agencies, authorities, boards, bureaus, commission, funds and programs; effective date.

HB 2766 is the Oklahoma state budget bill for fiscal year 2026, allocating over $1.65 billion from the General Revenue Fund to support public schools. It directs specific funding for teacher salaries, textbooks, health benefits for staff, school administration, and the School Consolidation Assistance Fund, drawing from multiple sources including the Education Lottery Trust Fund and Mineral Leasing Fund. The bill was enacted without the Governor's signature on May 29, 2025, and directly affects all Oklahoma public schools and their students through these state-funded resources.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $1.65B from General Revenue Fund for public school funding including teacher salaries, textbooks, and health benefits, directly advancing essential education programs.95% confidence ✓ EducationSupports EducationAllocates $1.65B for teacher salaries, textbooks, health benefits, and school consolidation fund from education-specific sources like Education Lottery Trust Fund.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds teacher salaries and health benefits for school staff, directly supporting labor-related employment standards within public education.85% confidence

Sub-Topics Appropriations Revenue State Budget Teachers

signed · Oklahoma · Senate May 4, 2026

SB 1132: State Department of Health; making an appropriation; stating purpose. Effective date. Emergency.

SB 1132 allocates $100,000 from unappropriated general revenue funds to the Oklahoma State Regents for Higher Education for the fiscal year ending June 30, 2026. The funding is intended to support the Regents' existing duties under state law, without creating new programs or services. The bill declares an emergency to allow immediate implementation upon approval, as stated in Section 2. This is a routine budgetary appropriation, not a policy change affecting students, institutions, or other stakeholders directly. The bill does not alter educational standards, tuition, or institutional authority.

Topics ✓ Budget & TaxesSupports Budget & TaxesRoutine $100k allocation from unappropriated funds to support existing higher education duties, aligning with fiscal management and budgetary appropriations.85% confidence

Sub-Topics Appropriations Revenue

in committee · Oklahoma · Senate Feb 4, 2025

SB 292: Income tax; modifying certain income tax rate for certain tax years. Effective date.

SB 292 reduces Oklahoma's top individual income tax rate for tax years beginning January 1, 2024. It lowers the highest marginal rate from 5.50% to 4.75% for single filers and married couples filing jointly (and heads of households) on income above specified thresholds ($2,300 for singles, $2,400 for married couples). This change applies directly to all Oklahoma residents and nonresidents filing individual income tax returns for 2024. The rate reduction is contingent on a determination by the State Board of Equalization, as referenced in the bill's provisions.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces top individual income tax rate from 5.50% to 4.75%, providing tax relief for high earners under specified thresholds.90% confidence

Sub-Topics Business Taxes Income Tax

Track

in committee · Oklahoma · House Feb 4, 2025

HB 2102: Revenue and taxation; Oklahoma Revenue and Taxation Act of 2025; effective date.

HB 2102 creates a 100% state tax credit for married Oklahoma taxpayers who pay for couples counseling services, defined as relationship-focused therapy provided by licensed therapists, doctors, or religious leaders. The credit applies to costs incurred for counseling during taxable years beginning January 1, 2026, and reduces income tax liability but cannot lower it below zero. This policy directly affects legally married individuals in Oklahoma who seek counseling services, offering a financial incentive for such expenses. The credit is limited to the amount of state income tax owed and takes effect on January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 100% tax credit reducing income tax liability for couples counseling, providing targeted tax relief under tax policy.95% confidence ✓ HealthcareSupports HealthcareProvides 100% tax credit for couples counseling services, directly expanding access to mental health care for married Oklahomans.95% confidence

Sub-Topics Income Tax Tax Credits

Track

passed · Oklahoma · Senate Apr 10, 2025

SB 289: Sales tax; exemptions for governmental and nonprofit entities; modifying period of exemption for certain museums. Emergency.

SB 289 modifies Oklahoma's sales tax exemption period for certain museums, directly affecting those institutions by changing how long they can qualify for tax relief on eligible purchases. The bill amends Section 1356 of Oklahoma's tax code to adjust the duration of the exemption, ensuring museums remain exempt from sales tax on qualifying items used for their operations. This change updates the existing exemption framework without altering other established tax exemptions for government entities, schools, or nonprofits listed in the same section. The bill is designated as an emergency measure to expedite implementation.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends tax exemption period for museums, providing tax relief under sales tax policy, directly aligning with tax relief indicators.95% confidence

Sub-Topics Sales Tax Tax Incentives

Track

in committee · Oklahoma · Senate Feb 4, 2025

SB 322: Income tax; modifying rate for certain corporations for certain tax years. Effective date.

SB 322 modifies Oklahoma's individual income tax rates for tax years beginning on or after January 1, 2024. It lowers the top marginal tax rate to 4.75% for single filers (from 5.50%) and adjusts corresponding brackets for married filers filing jointly. The bill affects all Oklahoma residents and nonresidents who file individual income tax returns. This change is contingent on a determination by the State Board of Equalization, as specified in the legislation.

Topics ✓ Budget & TaxesSupports Budget & TaxesLowers top individual income tax rate from 5.50% to 4.75%, providing tax relief for high earners as explicitly modifying tax rates.90% confidence

Sub-Topics Business Taxes Income Tax

Track

died · Oklahoma · House Feb 10, 2025

HB 2410: Revenue and taxation; affordable housing tax credit; effective date.

HB 2410 increases Oklahoma's annual cap for affordable housing tax credits from $4 million to $10 million per year through December 2029, then reverts to $4 million annually after 2029. It directly affects developers of qualifying affordable housing projects and investors who claim tax credits for these projects. The bill ties Oklahoma's tax credits to federal low-income housing credits, limits credits to projects placed in service after July 2015, and requires eligibility statements from the Oklahoma Housing Finance Agency to claim credits. Credits cannot reduce tax liability below zero and must be claimed with tax returns, with unused credits carryable forward for two years.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases annual affordable housing tax credit cap from $4M to $10M, directly funding housing affordability through tax incentives rather than direct spending.95% confidence ✓ HousingSupports HousingIncreases affordable housing tax credit cap from $4M to $10M annually, directly funding qualifying projects through 2029.95% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance Property Taxes

Track

in committee · Oklahoma · House Feb 4, 2025

HB 1332: Revenue and taxation; income tax credit; definition; credit amounts; requirements; effective date.

HB 1332 creates a new income tax credit for Oklahoma-licensed emergency medical services (EMS) personnel. It provides tiered credits based on certification level: $100 for emergency medical responders (EMRs), $200 for emergency medical technicians (EMTs), $400 for advanced/intermediate EMTs (AEMTs), and $600 for paramedics. To qualify, workers must maintain active Oklahoma licensure and be verified as current employees by their ambulance service administrator through a new online system managed by the State Department of Health. The credit applies to tax years beginning January 1, 2025, and can be combined with other tax credits. This bill directly affects licensed EMS workers employed in Oklahoma ambulance services.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits ($100-$600) to EMS workers, reducing their tax burden - direct tax relief for lower/middle-income public service workers.95% confidence ✓ HealthcareSupports HealthcareProvides tax credits to EMS personnel ($100-$600) to support healthcare workforce retention and recruitment in emergency medical services.95% confidence

Sub-Topics Income Tax Tax Credits Medical Licensing Tags Public Safety

Track