HB 2110 creates a tax rebate program to attract live-audience sitcom production to Oklahoma. It offers production companies a 20% rebate on qualified local production costs (like wages for Oklahoma-based crew and local expenses) for shows filmed in front of a live audience of at least 50 people. The law defines "qualified production" to include expenses such as local wages, equipment rentals, and soundstage costs, while excluding nonresident above-the-line personnel. This incentive aims to compete with other states by making Oklahoma a strategic hub for sitcom production. The bill became law on May 25, 2025.
SB 1128 appropriates $100,000 from unallocated state funds to the Oklahoma State Board of Education for fiscal year 2026. It directly affects the State Board of Education by providing funding for duties required by law. The bill declares an emergency to make it effective immediately upon approval, though it specifies funds come from "monies not otherwise appropriated." The bill failed to pass on May 22, 2025, with 42 votes in favor and 48 against.
HB 1086 updates Oklahoma's school funding rules by redefining how school districts manage their general funds. It requires districts to place capital project funds (like those for building repairs) into a separate building fund instead of the general fund, and eliminates the practice of carrying over general fund money to future years. The bill restricts general fund use for capital projects to only cases where a building is destroyed by disaster (fire, flood, etc.) and other funding sources (insurance, state aid) are insufficient. This directly affects all Oklahoma public school districts in how they track and spend state and local education funds.
This Oklahoma bill changes how lodging tax is calculated by excluding free rooms (comped) and discounted rooms where hotels receive no payment from taxable income. It applies to all counties and cities collecting lodging tax under existing law. Hotels will no longer owe tax on rooms provided at no cost to customers or employees, or discounted rooms without third-party reimbursement. The change takes effect January 1, 2026.
HB 1205 repeals Oklahoma's tax credit for small wind turbine installations by removing Section 2357.32B from the state's tax code. This change directly affects small wind turbine owners and installers who previously qualified for the credit. The repeal takes effect on November 1, 2025, eliminating the tax incentive for new installations after that date. The bill is procedural and does not create new policy, only removing an existing tax provision.
This bill modifies the definition of "basic industry" for Oklahoma's Quality Jobs Program, specifically addressing the relationship between employers and leased or contracted employees. It amends Section 3603 of the Oklahoma Statutes to clarify how certain leased or contracted workers are counted toward program eligibility. The change affects businesses seeking tax incentives under the program by establishing clearer criteria for including leased or contracted employees in job-count calculations. The bill was enacted without the Governor's signature on May 12, 2025. (Note: The provided bill text excerpt focuses on industry classifications but does not explicitly show the modified employee relationship definition; the summary reflects the bill's stated purpose based on its title and context.)
SB 301 modifies Oklahoma's tax credit system for donations to biomedical and cancer research institutes. It reduces annual credit limits to $1.5 million for biomedical research donations and $500,000 for cancer research donations starting in 2026, down from $2 million previously. Donors to qualifying institutes (which must receive $20 million annually in NIH funding for biomedical or $4 million for cancer research) will face new caps: $25,000 for business donors to biomedical institutes, and $1,000-$2,000 for individual filers depending on filing status. The bill adjusts how credit percentages are calculated using the second preceding year's claims and ensures credits cannot exceed tax liability.
HB 1372 temporarily lowers the gross production tax rate for oil and gas from existing wells (spudded before the law's effective date) to 5% for 36 months, instead of the standard 7%. It also creates two new tax exemptions: 1) 5 years of tax-free production for secondary/tertiary recovery projects approved after July 2022, and 2) a 24-month tax exemption for wells using recycled water (proportional to recycled water usage). For orphaned wells, producers must post a $25,000 surety bond per well to qualify for a 50% tax reduction for 36 months. The bill sets annual refund limits of $15 million for recovery projects and $10 million for recycled water exemptions, requiring producers to apply for refunds through the Tax Commission.
This bill amends the Oklahoma Tourism Development Act to increase the cumulative inducement amount that can be provided annually for tourism promotion. It directly affects state agencies responsible for developing and marketing Oklahoma as a travel destination. The key provision allows for a higher annual budget allocation to incentivize tourism growth through financial incentives. The bill became law on May 7, 2025, without requiring the Governor's signature.
HB 2087 modifies Oklahoma's income tax credit for donations to qualified research institutes. It adjusts annual funding caps: for biomedical research institutes, the limit drops from $2 million to $1.5 million per year starting in 2026, while cancer research institute credits are capped at $500,000 annually. The credit percentage for each donation type is recalculated yearly based on prior-year claims, using specific formulas to stay within these new limits. Taxpayers donating to qualifying nonprofit biomedical or cancer research institutes (defined by NIH funding requirements) can claim the credit, with individual limits of $1,000-$25,000 depending on filing status or business type.
