HB 2094 Oklahoma House · 2025 Regular Session

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

HB 2094 creates a $250 annual tax credit for small businesses (defined as those meeting Oklahoma's small business criteria under Title 75) that use western redcedar trees for storefront construction or facade design. The credit applies to taxable years beginning January 1, 2026, and reduces income tax liability but cannot lower it below zero. It directly affects eligible small businesses that choose western redcedar as a material for their storefront exterior. The bill takes effect January 1, 2026, and is currently pending in the Appropriations and Budget Finance Subcommittee.

Issues: ✓ Budget & Taxes

Bill status died 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 14, 2025

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What changed between versions

Introduced → Proposed Policy Committee Substitute 1 · 5 edits

MODERATE

The bill was amended by the House Policy Committee to replace the original text with a new version that creates an income tax credit for small businesses using western redcedar trees as storefront materials. The amendment changes the effective date from November 1, 2025 to January 1, 2026 and adds specific definitions for eligible businesses and storefront materials.

Scope change

The bill's scope changed from a general revenue and taxation act to a specific tax credit program for businesses using western redcedar trees.

SCOPE

Changed from a general Revenue and Taxation Act to a specific income tax credit for small businesses using western redcedar trees as storefront material.

DEFINITION

Added definitions for 'Eligible business entity' (small business as defined in Section 502 of Title 75) and 'Storefront material' (furniture near exterior front facade and materials used in exterior front facade construction).

TIMELINE

Changed the effective date from November 1, 2025 to January 1, 2026 for the tax credit provision.

FISCAL

Established a $250 tax credit for eligible businesses using western redcedar trees as storefront material, with a provision that the credit cannot reduce tax liability below zero.

REQUIREMENT

Changed the bill from noncodification to codification in the Oklahoma Statutes as Section 2357.701 of Title 68.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 14, 2025

Committee

Referred to Appropriations and Budget Finance Subcommittee

lower

Feb 12, 2025

Committee

Referred to Appropriations and Budget

lower

Feb 3, 2025

Introduced

First Reading

lower

2 primary · 0 co-sponsors