Budget & Taxes

vetoed · Oklahoma · House May 30, 2025

HB 2646: Revenue and taxation; adjustments; wagering; tax year; effective date.

HB 2646 eliminates a limitation on taxpayers deducting wagering income when calculating Oklahoma taxable income, directly affecting individuals and businesses claiming such deductions. The bill amends Oklahoma Statute 68 O.S. § 2358 to allow full itemization of wagering income without prior restrictions. It also updates statutory references and adjusts tax year calculations for net operating losses. The bill was referred to the Governor but received a pocket veto on June 15, 2025, meaning it did not become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill eliminates restrictions on wagering income deductions, reducing taxable income for affected taxpayers, providing tax relief per support indicators.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

vetoed · Oklahoma · House May 30, 2025

HB 2645: Revenue and taxation; practice of medicine; tax credit; time period; effective date.

HB 2645 creates a tax credit for qualifying doctors practicing medicine in rural Oklahoma, directly affecting licensed physicians who meet specific residency and education criteria. The credit, capped at $20,000 per year per doctor, applies to taxable income from medical practice in designated rural areas (population under 25,000 and at least 25 miles from larger cities). The bill includes an annual $1 million total credit limit, with adjustments to prevent exceeding this cap. The bill was pocket-vetoed by the governor on June 15, 2025, and never became law.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for rural doctors, reducing taxable income and incentivizing medical practice in underserved areas, aligning with tax relief indicators.95% confidence ✓ HealthcareSupports HealthcareBill provides tax credit to attract doctors to rural areas, improving healthcare access for underserved populations and directly supporting medical professionals in healthcare delivery.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

vetoed · Oklahoma · House May 30, 2025

HB 1378: Revenue and taxation; sales tax exemptions; agriculture; definition to include timber; effective date.

HB 1378 would have expanded Oklahoma's sales tax exemptions for agriculture by adding timber to the definition of "agricultural products." This change would have exempted sales of timber (including timber products used in farming) from sales tax, directly affecting Oklahoma agricultural businesses, farmers, and timber producers. The bill amended existing tax code provisions that already exempted farm products, livestock, feed, fertilizer, machinery, and other agricultural supplies. However, the bill was vetoed by the Governor on June 10, 2025, and did not become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax exemptions for agricultural timber, providing tax relief to farmers and timber producers per bill summary.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

vetoed · Oklahoma · House May 30, 2025

HB 2753: Rural Jobs Act; cap on capital investment tax credits; participation; eligibility.

HB 2753 expands Oklahoma's Rural Jobs Act by adding a new $200 million annual pool of state tax credits for rural investments, effective July 1, 2025, beyond the existing $15 million annual cap. The bill requires that at least 10% of each investment must come from local sources like employees or affiliates, and sets a 90-day deadline for rural funds to secure capital after certification. It also establishes a 15-business-day timeline for the Department to determine if a business qualifies for investment, with automatic eligibility if no decision is made by day 20. This expansion aims to increase funding for rural economic development projects by making more tax credits available to eligible businesses and rural investment funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands state tax credits with $200M annual funding for rural investments, directly increasing fiscal support for economic development through tax incentives.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

signed · Oklahoma · House May 30, 2025

HB 2610: Revenue and taxation; nonrecurring adoption expenses credit; modifying amount; effective date.

HB 2610 increases Oklahoma's tax credit for nonrecurring adoption expenses from 10% to 15% of eligible costs, raising the maximum annual credit to $3,000 for single filers or married individuals filing separately, and $6,000 for married couples filing jointly. The credit applies to Oklahoma resident taxpayers who pay for adoption-related expenses such as fees, court costs, medical expenses, and travel, but excludes attorney fees in contested adoptions and home renovations. The Oklahoma Tax Commission will establish rules for verifying qualifying expenses. This change takes effect January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credit for adoption expenses, providing direct tax relief to eligible taxpayers by raising credit amounts.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Oklahoma · House May 30, 2025

HB 2758: Transportation; financing; Preserving and Advancing County Transportation Fund; apportionment; effective date; emergency.

HB 2758 creates the "Preserving and Advancing County Transportation Fund" (PACT Fund) to allocate oil and gas tax revenues directly to Oklahoma counties for road and bridge maintenance. The fund prioritizes counties with the lowest current road maintenance funding, directing two-thirds of its money to help all counties reach a $4,000 per road mile target for highway upkeep. The remaining one-third is split equally between funding road miles based on statewide totals and allocating funds for county bridges using the most recent ODOT bridge inventory data. This bill directly affects all Oklahoma counties by providing a dedicated, ongoing source of funding for their local road and bridge systems.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates oil and gas tax revenues to fund county road maintenance, prioritizing underfunded areas and setting a $4,000 per mile target. Directly uses tax revenues for public infrastructure, advancing fiscal management of transportation spend...90% confidence ✓ TransportationSupports TransportationCreates PACT Fund to allocate oil/gas taxes for county road maintenance, prioritizing low-funding areas to reach $4,000/mile highway upkeep target.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

vetoed · Oklahoma · Senate May 29, 2025

SB 324: Incentives; creating the Oklahoma Research and Development Rebate Fund; prescribing sources of funds; creating a research and development rebate program; authorizing promulgation of rules.

SB 324 creates the Oklahoma Research and Development Rebate Fund to provide businesses with a 5% reimbursement for qualified research expenses incurred within the state. Eligible businesses must submit applications demonstrating research activities occurred in Oklahoma and have filed all required state tax returns. The program, administered by the Oklahoma Department of Commerce, reimburses up to $20 million annually, with payments prorated if demand exceeds available funds. This directly affects businesses conducting research in Oklahoma that claim expenses on federal Form 6765.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 5% tax rebate to businesses for qualified R&D expenses, reducing tax burden and incentivizing economic activity within state budget framework.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

vetoed · Oklahoma · Senate May 29, 2025

SB 915: Solar energy; requiring certain commercial solar energy facilities to meet certain standards. Effective date. Emergency.

This bill requires owners of commercial solar energy facilities in Oklahoma to pay annual property taxes on their solar installations by December 31 each year. It directly affects commercial solar facility owners, who previously may have been exempt from such taxes. The key provision mandates that taxes and other assessments be paid to the county treasurer annually, aligning commercial solar facilities with standard property tax rules. This changes the tax treatment for commercial solar projects, making them subject to local property tax requirements effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax exemption for commercial solar facilities, requiring annual property taxes, increasing state revenue and aligning with standard tax rules.90% confidence ✗ EnergyOpposes EnergyImposes property taxes on commercial solar facilities, increasing costs and potentially hindering solar development by removing previous tax exemptions.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

Track

vetoed · Oklahoma · House May 29, 2025

HB 2260: Revenue and taxation; income tax credit; civil engineering; effective date.

HB 2260 creates tax credits for Oklahoma civil engineering employers and employees to encourage hiring and retention. Employers can claim credits for 50% of tuition reimbursed to new hires (first 4 years) or 5-10% of compensation paid (first 5 years), capped at $12,500 annually per employee. Employees may claim up to $5,000 yearly in tax credits for 5 years, based on their degree location (in-state vs. out-of-state). The credits apply to qualified employees with ABET-accredited degrees or Professional Engineer licenses, employed by eligible engineering firms starting January 1, 2026, through 2030. The bill takes effect November 1, 2025, with all credits expiring after 2030.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates targeted tax credits for civil engineering employers/employees, providing tax relief to incentivize hiring/retention, directly advancing tax policy within Budget & Taxes.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

vetoed · Oklahoma · House May 29, 2025

HB 2374: Revenue and taxation; Filmed in Oklahoma Act of 2021; procedures for withholding tax; income tax treatment; set aside amount for economic impact reviews; effective date; emergency.

HB 2374 creates a film production rebate program in Oklahoma for productions meeting specific filming requirements. It provides rebates to eligible film and television productions that film at least 75% of a season or pilot within the state, based on qualifying local spending like wages for Oklahoma residents or crew. The program, administered by the Oklahoma Department of Commerce and Tax Commission, requires applicants to verify payments to local crew, vendors, and tax compliance. Productions must submit annual reports detailing rebate payments to legislative committees. The bill directly affects film studios, production companies, and local crew members who qualify under its spending and filming criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax rebates for film productions, providing tax relief to incentivize local economic activity and qualifying spending, directly impacting tax policy and budget allocation.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track