SB 1639 Oklahoma Senate · 2026 Regular Session

Boards and commissions; repealing certain boards and commissions. Emergency.

SB 1639 repeals several Oklahoma state boards and commissions, including the Oklahoma Capital Investment Board, the Joint Legislative Committee for Adolescent Pregnancy Prevention, the School Finance Review Commission, and the Oklahoma Advisory Council on Indian Education. It also removes references to these entities from related statutes, such as those governing venture capital tax credits (68 O.S. 2357.7) and school finance (70 O.S. 3-171-3-173). The bill makes minor editorial updates to statutory language but does not change existing tax credit programs or create new policies. This is a procedural repeal targeting outdated administrative structures, effective immediately under an emergency declaration.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 2, 2026 Last action Feb 19, 2026
Maddy AI version diff · 1 comparison

What changed between versions

Introduced Floor (Senate) · 1 edit
MINOR
The bill was amended to add a new provision allowing the Oklahoma Tax Commission to extend the 18-month deadline for spending invested funds by up to six additional months. This change provides more flexibility for qualified venture capital companies and Oklahoma business ventures to meet spending requirements without losing tax credit benefits.
Scope change
No change to the overall scope of the bill; only a specific provision within the venture capital investment tax credit section was modified.
REQUIREMENT

Added a provision allowing the Oklahoma Tax Commission to extend the 18-month spending deadline for invested funds by up to six additional months upon request and demonstration of need.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
1
Committee
1
Feb 17, 2026
Upper · Passed
Reported Do Pass as amended Retirement and Government Resources committee; CR filed
upper
Feb 2, 2026
Introduced
First Reading
upper
2 primary · 0 co-sponsors

Sponsors