Budget & Taxes (Income Tax)

in committee · Oklahoma · House Feb 3, 2026

HB 3426: Revenue and taxation; income tax credit; blood donation; effective date.

HB 3426 repeals a state income tax credit for blood donations in Oklahoma. It removes the provision that allowed taxpayers to claim a credit for donating blood, effective January 1, 2028. This change directly affects Oklahomans who previously claimed this credit on their state tax returns. The bill makes no new provisions or funding changes - only eliminates the existing tax benefit.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepeals income tax credit for blood donations, eliminating a tax benefit which alignates with restricting tax relief under 'oppose' stance.95% confidence

Sub-Topics Income Tax Tax Credits

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signed · Oklahoma · Senate Apr 20, 2026

SB 1579: Ad valorem tax; requiring certain notice of valuation increase to include taxpayer bill of rights; prescribing language to be included. Effective date.

SB 1579 expands Oklahoma's income tax credit for investments in clean-burning motor vehicle fuel infrastructure. It directly affects businesses and individuals installing or purchasing equipment for compressed natural gas (CNG), hydrogen fuel cells, liquefied natural gas (LNG), liquefied petroleum gas (LPG), or electric vehicle charging systems. The bill provides tiered credits based on vehicle weight (up to $100,000 for heavy trucks), 45% of infrastructure costs for fueling stations, and $2,500 for residential CNG systems. Unused credits may be carried forward for up to five years to offset future tax liability.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands income tax credits for clean energy infrastructure investments, providing tax relief to businesses and individuals, directly advancing tax policy incentives for fiscal responsibility.95% confidence ✓ EnergySupports EnergyExpands tax credits for clean-burning fuel infrastructure (CNG, hydrogen, EV charging), directly funding clean energy adoption and reducing fossil fuel dependence per bill summary.95% confidence ✓ EnvironmentSupports EnvironmentExpands tax credits for clean fuel infrastructure (CNG, hydrogen, EV charging), directly promoting lower-emission transportation and reducing pollution per bill's focus on clean-burning motor vehicle fuels.95% confidence ✓ TransportationSupports TransportationExpands tax credits for clean fuel infrastructure (CNG, EV charging), directly promoting sustainable transportation and vehicle infrastructure investment.95% confidence

Sub-Topics Income Tax Procurement Tax Credits Electric Vehicles Oil & Gas Electric Vehicles

in committee · Oklahoma · House Feb 3, 2026

HB 4480: Revenue and taxation; income tax; deduction; potable water; natural gas; electricity; effective date.

HB 4480 amends Oklahoma's income tax code to allow a deduction for certain taxpayers who pay for natural gas, electricity, or potable water services. This deduction directly affects individual and business taxpayers who incur these utility expenses. The bill adjusts Oklahoma taxable income calculations to include this specific deduction, aligning with existing tax code provisions. It does not create new tax rates or broadly alter tax structures, but modifies how certain utility payments are treated in taxable income calculations. The bill is currently in committee referral after its initial readings.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides targeted tax deduction for utility payments, reducing taxable income for affected taxpayers, aligning with tax relief indicators for middle/lower income.95% confidence

Sub-Topics Income Tax

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signed · Oklahoma · House May 11, 2026

HB 2988: Environment and natural resources; Terry Peach North Canadian Watershed Restoration Act; pilot program; definitions; fund; effective date.

HB 2988 creates an income tax credit for Oklahoma landowners who implement specific conservation practices, including removing harmful woody species, improving soil health, or enhancing water efficiency on agricultural land. It directly affects farmers and ranchers who actively practice these conservation methods on their property, allowing them to claim credits of $5-$500 per acre (up to $150,000-$200,000 annually) based on the number of qualifying practices used. The Oklahoma Conservation Commission issues tax credit certificates verifying eligibility, while the program limits annual credits to $3 million total and requires applicants to not have received full cost coverage from other sources. The credit applies to income tax returns for 2027-2030, with certificates processed in order of submission until the $3 million cap is reached.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for landowners implementing conservation practices, providing targeted tax relief and directly engaging with tax policy as a fiscal management tool.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credits for conservation practices (removing harmful species, soil/water improvement), incentivizing environmental protection on agricultural land.95% confidence

Sub-Topics Income Tax Tax Credits Conservation Water Quality

in committee · Oklahoma · Senate Feb 3, 2026

SB 1838: Specie; authorizing the payment of certain debts; authorizing income tax deduction for gains derived from the sale of specie. Effective date.

SB 1838 (Oklahoma Senate Bill 1838) makes U.S. gold and silver coins legal tender for public debts and allows silver bullion (at .999 purity) to be used for private debts, while prohibiting mandatory acceptance. It exempts gold/silver transactions from state taxes, excludes such assets from personal property taxation, and requires the State Treasurer to store 10% of state funds in gold/silver and accept them for property taxes. The bill also adds a tax deduction for capital gains from selling precious metals. These changes directly affect Oklahoma taxpayers, state finances, and businesses dealing in gold/silver.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts gold/silver transactions from state taxes, excludes assets from personal property tax, and provides capital gains tax deduction, directly reducing tax burdens for specified transactions.95% confidence

Sub-Topics Income Tax

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in committee · Oklahoma · House Feb 3, 2026

HB 3823: State government; creating the Oklahoma Employee Benefits Expansion Act of 2026; providing for noncodification; and providing an effective date.

HB 3823 requires private employers in Oklahoma to provide employees with up to 90 days of unpaid leave for organ or bone marrow donation, upon written request. It directly affects private employers (excluding government entities, schools, and public agencies) and their employees who are organ or bone marrow donors. The bill also allows employers who pay employees during this leave to claim a 25% credit against their Oklahoma income tax liability, limited to the first 90 days. This law does not apply to employees already covered by federal Family Medical Leave Act protections and takes effect November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% tax credit to employers for paid leave, reducing tax liability, directly supporting tax policy85% confidence ✓ Labor & EmploymentSupports Labor & EmploymentMandates unpaid leave for organ donation, expanding employee benefits under workplace standards.90% confidence

Sub-Topics Income Tax Paid Leave

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signed · Oklahoma · Senate May 7, 2026

SB 1405: Tax refund donation; reauthorizing checkoff for Wildlife Diversity Fund. Effective date.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesVoluntary tax checkoff redirects refunds to fund conservation, supporting fiscal management of public programs.95% confidence ✓ EnvironmentSupports EnvironmentReauthorizes tax checkoff funding Wildlife Diversity Fund for nongame wildlife conservation, directly advancing environmental protection through dedicated conservation funding.92% confidence

Sub-Topics Income Tax Conservation Wildlife

signed · Oklahoma · Senate May 29, 2025

SB 287: Income tax; modifying tax years for aerospace tax credit. Effective date.

SB 287 extends Oklahoma's aerospace tax credit program, allowing employers in the aerospace sector to claim credits for tuition reimbursement and compensation paid to qualified employees through 2031. The credit for tuition is 50% of the cost (capped at the average public tuition in Oklahoma) for the first four years of employment, while the credit for compensation is 10% for employees with Oklahoma degrees or 5% for out-of-state graduates, applicable for the first five years of employment. This bill affects aerospace businesses and certain educational institutions, specifically targeting employees with ABET-accredited aerospace engineering degrees or licensed engineers.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill extends tax credit for aerospace sector, reducing state revenue through targeted tax break, weakening budget revenue stream.95% confidence

Sub-Topics Income Tax Tax Credits

died · Oklahoma · House Feb 7, 2025

HB 1359: Revenue and taxation; income tax credit; legally married couple; child; effective date.

HB 1359 creates a state income tax credit for legally married couples in Oklahoma with eligible dependent children. The credit amount depends on how long the couple has been continuously married: $500 for 1-5 years, $1,000 for 5-10 years, $1,500 for 11-15 years, and $2,000 for 16+ years of marriage, per child. The credit is capped at $10,000 per household annually, requires pre-application with the Oklahoma Tax Commission, and cannot reduce tax liability below zero. It directly affects married couples with children under 19 who reside with them and meet the marriage duration requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief via income tax credits for married couples with children, directly reducing tax liability for eligible households under Oklahoma's tax code.92% confidence

Sub-Topics Income Tax Tax Credits

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passed · Oklahoma · Senate Mar 31, 2026

SB 1395: Income tax credit; limiting new jobs tax credit to certain tax years for manufacturers; modifying carryforward. Effective date.

SB 1395 modifies Oklahoma's new jobs tax credit program for manufacturers. The bill restricts the credit to specific tax years and changes how unused credits can be carried forward to future years. Manufacturers must now submit an application and receive approval before claiming the credit. These changes update the program's eligibility and administrative requirements.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRestricts manufacturer tax credit eligibility and carryforward rules, limiting tax benefits for businesses rather than expanding them.90% confidence

Sub-Topics Income Tax Tax Credits

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