HB 2094 Oklahoma House · 2026 Regular Session

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

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.

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

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Proposed Policy Committee Substitute 1 · 6 edits

MODERATE

The bill was amended from an introduced version to a proposed policy committee substitute version, changing the bill title and description to reflect a new income tax credit for small businesses using western redcedar trees as storefront material. The original bill text was completely replaced with new substantive language establishing the credit, while the effective date was moved from November 1, 2025 to January 1, 2026.

Scope change

The bill scope changed from a general revenue and taxation act to a specific income tax credit program for small businesses using western redcedar trees for storefront materials.

SCOPE

Bill title changed from 'Oklahoma Revenue and Taxation Act of 2025' to 'Proposed Policy Committee Substitute' with a specific description about income tax credit for western redcedar tree usage.

ELIGIBILITY

New eligibility criteria established 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).

FISCAL

New income tax credit of $250.00 established for eligible businesses using western redcedar trees as storefront material.

TIMELINE

Effective date changed from November 1, 2025 to January 1, 2026 for the tax credit provision.

REQUIREMENT

New requirement that the credit cannot reduce income tax liability to less than zero.

TECHNICAL

Bill changed from noncodification to codification in Oklahoma Statutes as Section 2357.701 of Title 68.

Floor votes

How they voted

No floor votes recorded yet.

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