SB 1285 requires all new construction by Oklahoma state-funded entities (like agencies, universities, and career centers) to meet strict energy efficiency standards for heating, cooling, and building systems. It mandates minimum performance levels for heating systems (e.g., 90% efficiency for gas, banning electric resistance as primary heat), prioritizes geothermal systems, and requires life-cycle cost analysis over 25 years to select the most efficient options. The bill also requires integrated building control systems to monitor energy use and gives preference to licensed Oklahoma vendors and locally made HVAC equipment. These changes aim to reduce energy costs, promote renewable energy integration, and ensure state buildings meet verified efficiency benchmarks.
SB 1988 increases fees for money transfer businesses in Oklahoma, requiring a $20 fee per transaction under $500 plus 4% for amounts over $500. It also creates a tax credit for customers who pay these fees, allowing them to claim the fee amount against their income tax. The bill modifies rules for claiming the credit, specifying it can't reduce tax below zero and must be claimed in specific tax years (e.g., 2009-2010 fees claimed on 2010 returns). All fees collected will fund the Drug Money Laundering and Wire Transmitter Revolving Fund. The bill takes effect January 1, 2027.
SB 49 adds a new sales tax exemption for nonprofit organizations providing services to abused and neglected children in Oklahoma. The bill amends Oklahoma’s sales tax code to exempt these specific nonprofits from paying sales tax on purchases directly related to their child welfare services. To qualify, organizations must submit required documentation proving their services align with this exemption, which applies to tangible personal property and services used for this purpose. This policy change directly affects eligible child welfare nonprofits by reducing their operational costs.
This bill, titled "Mathematics instruction..." but actually amending the Oklahoma Higher Learning Access Program, adjusts financial eligibility rules for students seeking higher education support. It raises income thresholds for program qualification (e.g., $80,000 annually for families with five+ children starting in 2025-2026) and adjusts age limits for participation (extending to age 18 for some applicants). Students must meet updated income requirements and comply with program terms like regular school attendance and avoiding substance abuse to maintain eligibility. The bill directly affects Oklahoma students in grades 5-11 seeking financial aid for post-secondary education through this state program.
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.
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.
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.
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.
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.
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.
