SB 688 grants a 5-year property tax exemption for qualifying manufacturing facilities in Oklahoma, directly affecting manufacturers that meet specific investment, wage, and sales criteria. The bill exempts new or expanded facilities (including research labs) from ad valorem taxes if they invest at least $500,000 (adjusted annually for inflation) in qualifying assets, pay new jobs at or above Oklahoma Quality Jobs Program wage standards, and meet sales requirements (e.g., 50% revenue from out-of-state buyers for tech facilities). Facilities must annually file affidavits with the Oklahoma Tax Commission to verify eligibility. This law, enacted May 28, 2025, modifies existing tax exemptions to streamline eligibility for manufacturers expanding operations.
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.
SB 573 allows small businesses operating within Oklahoma incubators to qualify for up to 10 years of state income tax exemption on business income earned while occupying the incubator space. To maintain this exemption after 2025, businesses must annually submit specific financial and operational details - including employment levels, subcontractor payments, revenue estimates, and other financial information - to the Oklahoma Department of Commerce using a form created by the agency. The bill requires the Commerce Department to establish this reporting framework and mandates that businesses disclose prior tax exemptions and additional state incentives received. This law, effective November 1, 2025, applies directly to small businesses using incubator facilities to access the tax benefit.
SB 947 updates Oklahoma's nursing facility fee structure and fund allocation rules to improve long-term care services for seniors. It revises how the Nursing Facilities Quality of Care Fee is calculated (based on 6% of total patient gross receipts divided by patient days) and designates specific uses for the resulting fund, including funding 15 ombudsmen positions and increasing monthly personal needs allowances for nursing home residents from $30 to $50. The bill ensures these programs - such as Medicaid services, nursing facility inspections, and senior support services - remain exempt from budget cuts. It directly affects nursing facilities (which pay the fee), seniors receiving Medicaid long-term care, and state agencies managing these programs. The bill was enacted without the Governor's signature on May 13, 2025.
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.
HB 1278 creates the Barbara Weber ALS Grant Program within Oklahoma's State Department of Health to provide funding for ALS research and support services for Oklahomans diagnosed with ALS or their caregivers. It establishes a renewable revolving fund in the state treasury, initially funded with $1 million from the General Revenue Fund, to sustain program operations without annual budget constraints. The program requires the State Department of Health to submit annual reports detailing grant recipients, amounts awarded, and fund usage to state legislative leaders. The law became effective July 1, 2025, after passing without the Governor's signature on May 12, 2025.
SB 135 modifies Oklahoma's Aircraft Engine Testing Development Grant Program to include rocket engine testing and expands its purpose to develop broader aerospace infrastructure. The bill creates a dedicated revolving fund (the "Oklahoma Aircraft and Rocket Engine Testing Development Grant Program Revolving Fund") and appropriates $20 million from the General Revenue Fund for fiscal year 2026 to fund one-time grants. Eligible applicants - private, public, or nonprofit entities within Oklahoma - must provide 40% matching funds, industry support documentation, and detailed project proposals. Grants require repayment if terms aren't met and mandate quarterly progress reports. The law became effective July 1, 2025, without gubernatorial signature.
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.
