HB 4432 amends Oklahoma's tax code to eliminate a limitation on itemizing wagering income for tax purposes and updates statutory references throughout the Oklahoma Revenue and Taxation Act. It specifically adjusts how businesses calculate Oklahoma taxable income, particularly regarding federal net operating loss deductions and the allocation of income from property or business activities. The bill clarifies that Oklahoma net operating losses must be separately determined using federal rules but without requiring a federal loss, and it updates rules for allocating income from intangible property and certain business activities. This is a procedural update to the tax code, not a new tax or policy change, and it affects businesses and individuals filing Oklahoma income taxes. The bill was introduced in 2026 but has not advanced beyond committee referral.
SB 2084 caps settlement amounts for wrongful termination claims by employees of Oklahoma public institutions of higher education (like state universities) at two years of their base salary at termination. It limits total settlements to include back pay and damages but excludes accrued unpaid wages, leave, and retirement contributions already earned. The bill specifically applies to state law claims, not federal ones, and takes effect November 1, 2026. This directly affects public university employees filing termination disputes under Oklahoma law.
HB 2894 amends Oklahoma's Tourism Development Act to adjust sales tax credit rules for tourism projects. It provides up to 10% tax credits for projects costing $500,000-$1 million and up to 25% for projects over $1 million, but credits cannot exceed the state's potential sales tax revenue from the project. The bill allows tourism developers in Entertainment Districts to pass credits to tenants or receive incentive payments based on tenant sales tax collections, subject to a $30 million annual cap on all inducements. Developers must verify expenditures with independent audits, and credits cannot be transferred except as specified for Entertainment District tenants.
HB 3979 increases the funding cap for Oklahoma's Infrastructure Pool and Economic Development Pool from $100 million to $125 million each. It requires 65% of funds from both pools to support smaller municipalities (under 300,000 residents) and 35% to serve all eligible local governments regardless of size. The bill applies directly to Oklahoma cities and counties seeking infrastructure or economic development financing through these pools. The changes take effect November 1, 2026.
HB 3981 creates a program to provide financial incentives to full-time prosecutors working in Oklahoma's designated high-need localities. Eligible prosecutors can receive up to $50,000 over five years, with potential additional $10,000 for each two-year service extension beyond that period, subject to available funding. To qualify, prosecutors must agree to a service obligation; leaving early requires repaying funds proportionally. The program is funded through a new revolving fund in the state treasury, managed by the District Attorneys Council, which determines high-need areas based on factors like population size, remoteness, and recruitment challenges.
HB 3016 requires Oklahoma schools to provide binocular vision screenings for students in kindergarten, first, and third grades to identify convergence insufficiency (a vision disorder affecting near focus). Screenings, conducted within 30 days of the school year start by trained school nurses or vision professionals, must be performed in addition to existing vision screenings. The bill establishes a Binocular Screening Revolving Fund in the state treasury to cover program costs using state appropriations, which must supplement - rather than replace - current school vision funding. The program begins in the 2026-2027 school year.
HB 2115 transfers administration of Oklahoma's Energy Conservation Assistance Fund from the Department of Commerce to the Department of Human Services. It provides grants of up to $3,000 for weatherization work (like insulation, storm windows, and structural repairs) to low-income elderly and handicapped homeowners who meet income guidelines (125% of federal poverty level). The bill requires an energy audit before grants are issued, prioritizes applicants with greatest need, and establishes a revolving fund for ongoing program funding. This directly affects qualifying homeowners seeking energy efficiency improvements to their primary residences.
SB 244 establishes the Program of American Civic Thought and Leadership at the University of Oklahoma (OU). It creates a new academic program focused on teaching American political principles, leadership, civic engagement, and foundational texts of U.S. history and government through courses for students. The program will hire faculty, develop new majors/minors, and offer courses including an upcoming requirement for all OU students to complete a civic knowledge course. It requires annual strategic plans and reports to state leadership, with initial courses launching in fall 2027. The program will operate independently on OU's Norman campus, funded by state appropriations and donations.
SB 1405 reauthorizes a voluntary tax checkoff on Oklahoma state income tax returns, allowing taxpayers to donate a portion of their refund to the Wildlife Diversity Fund. The fund, managed by the Oklahoma Wildlife Conservation Commission, supports conservation efforts for nongame wildlife (species not classified as game or furbearer). Taxpayers who donate by mistake can request a refund within three years, and the reauthorized checkoff takes effect January 1, 2027. This bill updates statutory language to maintain the existing donation mechanism without altering its core purpose.
HB 3590, the Oklahoma Opportunity Scholarship Act of 2026, expands tax credits for Oklahoma taxpayers who contribute to scholarship-granting organizations. It increases the maximum annual tax credit: to $5,000 for single filers (up from $1,000), $10,000 for married couples filing jointly (up from $2,000), and $250,000 for businesses (up from $100,000). Taxpayers who commit to contribute the same amount for two consecutive years qualify for a 100% credit (up from 75%) on those contributions. The bill affects Oklahoma taxpayers making eligible contributions and requires scholarship organizations to submit annual financial reports to the Oklahoma Tax Commission. It takes effect January 1, 2027.
