SB 685 modifies Oklahoma's Parental Choice Tax Credit Program, creating an income-based tax credit for Oklahoma taxpayers who pay qualified education expenses for eligible students. The credit amount varies by household income (ranging from $5,000 to $7,500 annually) and applies to tuition/fees at accredited private schools or qualifying educational expenses like tutoring and materials. Taxpayers must submit receipts for qualified expenses and provide income documentation from the previous tax year to claim the credit. The bill also specifies special credit tiers for schools serving homeless students or financially disadvantaged students.
HB 1427 creates tax credits for Oklahoma taxpayers who invest in qualifying clean-burning motor vehicle fuel equipment. It directly affects vehicle owners and businesses that install or purchase equipment allowing vehicles to run on compressed natural gas, hydrogen, liquefied natural gas, or liquefied petroleum gas. The bill provides tiered credits: up to $5,500 for light vehicles (under 6,000 lbs), up to $100,000 for heavy trucks (over 26,500 lbs), and 45% of costs for commercial refueling stations. Credits are limited to new, certified equipment meeting safety standards and must be claimed against state income tax. Unused credits can be carried forward for up to five years.
SB 99 reauthorizes an income tax credit for builders constructing energy-efficient residential properties under 2,000 square feet in Oklahoma. It provides a $4,000 credit for homes certified 40%+ above energy codes or $2,000 for those 20-39% above, requiring properties to be substantially complete in the same tax year the credit is claimed. The credit applies to new construction only (not retrofits) and requires certification by an accredited provider using the Home Energy Rating System. This bill directly affects Oklahoma builders who construct qualifying energy-efficient homes, offering tax relief tied to specific efficiency standards and completion timing.
SB 236 creates a tax credit for Oklahoma employers in the aerospace and defense sector that must meet U.S. Department of Defense cybersecurity requirements (CMMC). It allows qualifying businesses (with 5-200 employees not yet CMMC-compliant as of 2026) to claim a 50% credit on wages and expenses incurred while achieving initial CMMC compliance, capped at $50,000 total per business through 2031. The credit cannot reduce tax below zero, may be carried forward for up to five years, and is limited to $10 million annually across all businesses. This bill directly affects Oklahoma aerospace/defense employers seeking federal contracts requiring CMMC certification.
HB 1580 creates an income tax credit for builders of newly constructed energy-efficient homes in Oklahoma. It provides a $2,000 credit for homes certified under the EPA's Energy Star Homes program or a $4,000 credit for homes certified under the Department of Energy's Zero Energy Ready Homes program. Builders can claim these credits once per property in the tax year the home is completed, with unused credits allowed to carry over for up to four years or be transferred to new property owners. The credit applies to homes completed on or after January 1, 2026, and is claimed against Oklahoma income tax.
SB 471 requires all new Oklahoma economic incentives for businesses (including tax credits, grants, loans, or payments) to include measurable goals like job creation or investment targets, and limits tax credit programs to a maximum of 10 years. It directly affects businesses receiving state economic incentives by mandating clear outcome tracking and time limits. The bill expands the definition of "incentive" to cover tax credits tied to specific jobs or industries, grants, and state payments. The law takes effect November 1, 2025.
This Oklahoma bill creates a tax credit program to encourage converting old, vacant buildings into housing. Property owners can claim up to 50% of qualified costs (like environmental cleanup, code upgrades, or system repairs) for adaptive reuse projects on structures at least 30 years old that have been vacant or underutilized (with rent below 50% of market rate). The program has a $5 million annual cap on approved credits, with unused funds carried forward to future years. Credits cannot reduce tax liability below zero but may be carried forward for up to 10 years. The Oklahoma Department of Commerce and Tax Commission will administer the program and prioritize projects based on local housing needs.
HB 2212 establishes Oklahoma's Registered Apprenticeship Program (ORAP), allowing apprentices in federally recognized programs to take general education courses at public community colleges toward an associate degree. It authorizes an income tax credit for employers who hire apprentices and requires the Oklahoma Workforce Commission to collect workforce data to track program outcomes. The bill sets eligibility for apprentices (including journeyworkers with federal certificates) and mandates completion of 15 credit hours within six years. This directly affects apprentices, community colleges, and employers participating in registered apprenticeships statewide.
HB 1092 creates a $7,500 annual tax credit for Oklahoma residents who complete qualifying trade or vocational programs (such as HVAC, plumbing, or welding training) at approved Oklahoma schools. The credit, available for taxable years starting January 1, 2026, offsets income tax liability up to the actual tuition cost paid (whichever is lower), but cannot reduce tax below zero. Unused portions may carry forward for up to three years, and the credit can only be claimed once per individual after receiving program certification. This policy directly supports Oklahoma residents pursuing in-demand technical careers by reducing the cost of vocational education.
SB 106 creates a 30% tax credit for Oklahoma employers who pay down employees' student loan debt, effective for tax years starting in 2026. The credit directly affects employers (not employees) and cannot reduce tax liability below zero, but unused portions can be carried forward for up to 10 years. Employers must claim the credit using forms and documentation specified by the Oklahoma Tax Commission. The bill takes effect November 1, 2025.
