HB 4426 creates a state income tax credit for businesses making qualified economic development expenditures in specific Oklahoma locations. It allows eligible businesses to claim up to 10% of qualifying construction, equipment, or infrastructure costs (capped at $6 million per project), or up to 50% for rail infrastructure (capped at $3 million). The credit can be assigned to project affiliates like vendors or investors and carried forward for up to five years, with an annual state cap of $12 million. The bill applies to projects in counties under 100,000 population, industrial parks, economic development zones, or near qualifying railroads, effective November 2026.
SB 1992 creates a new income tax credit program for businesses constructing or expanding facilities in qualifying locations across Oklahoma, such as underpopulated counties (under 100,000 people) or near rail infrastructure. It allows a 10% tax credit on construction and expansion costs (up to $6 million per project) and a 50% credit for rail infrastructure projects (up to $3 million per project), with a total annual state cap of $12 million. The bill defines "strategic finance partner" as entities providing capital (like loans or investments) to qualifying projects, enabling them to claim the tax credit through assignment to the business. The credit expires after tax year 2027 and requires Oklahoma Department of Commerce approval for project eligibility.
HB 3748 amends Oklahoma county commissioners' powers to include new provisions for county employee education and highway management. It establishes a tuition reimbursement program for county employees who maintain A/B grades in approved courses, requiring a one-year service commitment after participation. The bill also modifies highway relocation procedures, requiring institutions (like four-year universities) to notify county commissioners in writing and hold public hearings before altering highways adjacent to their property. These changes directly affect county employees seeking professional development and institutions managing land adjacent to public roads. The bill does not alter existing funding or create new taxes.
HB 1939 authorizes the Oklahoma Turnpike Authority to construct, maintain, and operate toll turnpikes at 25 specific locations and segments across the state, such as the Turner Turnpike between Oklahoma City and Tulsa and extensions of the Muskogee Turnpike. The bill directly affects the Oklahoma Turnpike Authority (a state agency) and drivers using these designated routes. Key provisions include explicitly listing authorized locations (e.g., the Tulsa south bypass and Oklahoma City Outer Loop) and modifying prior restrictions on where turnpikes may be built. The bill does not create new tolls but formalizes existing or planned infrastructure projects under the Authority’s jurisdiction.
HB 1427 creates tax credits for Oklahoma taxpayers who invest in qualifying clean-burning motor vehicle fuel equipment. It directly affects vehicle owners and businesses that install or purchase equipment allowing vehicles to run on compressed natural gas, hydrogen, liquefied natural gas, or liquefied petroleum gas. The bill provides tiered credits: up to $5,500 for light vehicles (under 6,000 lbs), up to $100,000 for heavy trucks (over 26,500 lbs), and 45% of costs for commercial refueling stations. Credits are limited to new, certified equipment meeting safety standards and must be claimed against state income tax. Unused credits can be carried forward for up to five years.
HB 3757 amends Oklahoma Statute 69 O.S. § 1705 to update the list of specific turnpike routes the Oklahoma Turnpike Authority is authorized to construct, operate, and maintain. It explicitly lists 26 existing or planned turnpike segments (e.g., the Turner Turnpike between Oklahoma City and Tulsa, the Muskogee Turnpike extension, and the Oklahoma City Outer Loop) that the Authority may develop using available funds. The bill clarifies which projects remain authorized under current law and specifies the effective date for these provisions. This affects the Oklahoma Turnpike Authority directly, ensuring legal clarity for its toll road projects without creating new policy or funding.
This bill allocates $10.8 million from Oklahoma's Progressing Rural Economic Prosperity Fund to three specific projects. It provides $5 million for a municipal park in a county exceeding 750,000 residents (per 2020 Census) north of I-344 and west of I-35, $4 million to relocate a naval submarine east of Highway 165 and north of Highway 62, and $1.8 million for infrastructure improvements at an industrial park south of Highway 62 and east of Highway 283. The funding is directed to these precise locations as defined in the bill. The bill became law without the Governor's signature on May 29, 2025.
