SB 897 Oklahoma Senate · 2026 Regular Session

Corporation Commission; modifying termination date of Plugging Fund. Effective date.

SB 897 extends the termination date of Oklahoma's Corporation Commission Plugging Fund from July 1, 2026, to July 1, 2036, ensuring continued funding for plugging abandoned oil and gas wells. The fund must be maintained at $5 million; if it drops below this level, the state will impose additional excise taxes on oil and gas producers until the fund is restored. This bill directly affects oil and gas producers who pay the excise taxes and the Corporation Commission, which manages the fund for environmental cleanup. The law becomes effective November 1, 2025.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
Senate Passage
Mar 2025
House Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025 Signed May 14, 2025
Maddy AI version diff · 5 comparisons

What changed between versions

Floor (House) Floor (Senate) · 3 edits
MINOR
The bill was moved from the House to the Senate floor version, with substantive changes to the Corporation Commission Plugging Fund's maintenance level and expiration date. The fund's required minimum balance was increased from $5 million to $5 million (no change in amount, but the expiration date was extended), and the excise tax provisions were modified to apply until July 1, 2031 instead of July 1, 2026.
Scope change
The bill's scope regarding the Corporation Commission Plugging Fund was modified to extend the temporary excise tax provisions by approximately five years, allowing more time to build the required fund balance.
TIMELINE

The expiration date for the temporary excise tax provisions was extended from July 1, 2026 to July 1, 2031, giving the Corporation Commission more time to maintain the required fund balance.

REQUIREMENT

The fund maintenance requirement was clarified with the extended timeline, requiring the Corporation Commission to notify the Tax Commission if the fund falls below $5 million and triggering additional excise taxes until the level is restored.

TECHNICAL

The bill text was reformatted from House floor version to Senate floor version, with updated committee report dates and page headers reflecting the Senate's version of the legislation.

Floor votes · Senate Mar 11, 2025 · House May 6, 2025

How they voted

430
Passed · 6 other
Total votes 49
Mar 11, 2025
D Democratic9
8 Yea 1
88% Yea
R Republican40
35 Yea 5
87% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
23
Key actions
6
Committee
6
May 6, 2025
Committee
Referred for enrollment
upper
May 6, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 92 Nays: 0
lower
Apr 8, 2025
Lower · Passed
CR; Do Pass Administrative Rules Committee
lower
Mar 12, 2025
Introduced
First Reading
lower
Mar 12, 2025
Upper · Passed
Engrossed to House
upper
Mar 11, 2025
Committee
Referred for engrossment
upper
Mar 11, 2025
Upper · Passed
Measure passed: Ayes: 42 Nays: 0
upper
Feb 24, 2025
Upper · Passed
Reported Do Pass Revenue and Taxation committee; CR filed
upper
Feb 13, 2025
Committee
Referred to Revenue and Taxation
upper
Feb 13, 2025
Upper · Passed
Reported Do Pass, amended by committee substitute Administrative Rules committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors

Sponsors