Budget & Taxes (Tax Credits)

in committee · Oklahoma · House Feb 3, 2026

HB 3385: Revenue and taxation; Rural Jobs Tax Credit; applications; effective date.

HB 3385 extends the deadline for new applications for Oklahoma's Rural Jobs Tax Credit from December 1, 2025, to December 1, 2026. It directly affects businesses seeking this credit to offset taxes for hiring workers in rural areas. The bill amends the existing law to delay the cutoff for new applications by one year, without changing the credit amount or eligibility rules. The change takes effect on November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends deadline for Rural Jobs Tax Credit, providing tax relief to businesses hiring in rural areas without altering credit terms or eligibility.95% confidence

Sub-Topics Tax Credits

Track

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

Track

in committee · Oklahoma · House Mar 4, 2026

HB 3978: Revenue and taxation; Oklahoma Rural Jobs Act; tax credits; capital investments; effective date.

HB 3978 creates tax credits for Oklahoma investors who fund "rural funds" that invest in small businesses located in rural areas. It allows investors to claim up to $15 million in annual state tax credits against their liability, provided the rural fund invests at least 100% of the capital in eligible businesses within three years. Eligible businesses must have fewer than 250 employees and operate primarily (60%+ payroll) in counties under 75,000 population or towns under 7,000 residents. The bill defines specific rules for qualifying investments, including restrictions on refinancing prior investments and limits on total funding per business ($6.5 million or 20% of the fund's capital). The tax credit program applies to capital investments certified after the bill's effective date.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProvides tax credits to wealthy investors for rural investments, reducing state revenue and aligning with 'tax breaks primarily for wealthy' oppose indicator.85% confidence

Sub-Topics Tax Credits Tax Incentives Tags Rural Communities

Track

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

passed · Oklahoma · House Apr 14, 2026

HB 3708: Education; Oklahoma Equal Opportunity Education Scholarship Act; adding grants; definition of a scholarship-granting organization; defining capital improvement grant; information to be submitted to Tax Commission; effective date; emergency.

HB 3708 modifies Oklahoma's tax credit system to expand education-related incentives. It creates three tax credit options: 50% of contributions (up to $1,000 for individuals, $2,000 for joint filers, or $100,000 for businesses) to scholarship-granting organizations, educational improvement grant organizations, or public school foundations/districts. A 75% credit is available for donors who commit to contributing the same amount for two consecutive years. Organizations receiving funds must annually submit audited financial reports to the Oklahoma Tax Commission and publicly share program outcomes. The bill directly affects individual taxpayers, businesses, and eligible education-focused nonprofits.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credits (50-75%) for education donations, directing private funds to public schools via tax incentives, aligning with funding public services.90% confidence ✓ EducationSupports EducationCreates tax credits to incentivize private donations to schools and educational organizations, expanding funding streams for K-12 education.95% confidence

Sub-Topics Tax Credits School Choice Student Financial Aid

Track

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

signed · Oklahoma · Senate Apr 20, 2026

SB 1992: Income tax credit; defining "strategic finance partner." Effective date.

SB 1992 creates a new income tax credit program for businesses constructing or expanding facilities in qualifying locations across Oklahoma, such as underpopulated counties (under 100,000 people) or near rail infrastructure. It allows a 10% tax credit on construction and expansion costs (up to $6 million per project) and a 50% credit for rail infrastructure projects (up to $3 million per project), with a total annual state cap of $12 million. The bill defines "strategic finance partner" as entities providing capital (like loans or investments) to qualifying projects, enabling them to claim the tax credit through assignment to the business. The credit expires after tax year 2027 and requires Oklahoma Department of Commerce approval for project eligibility.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax credits for businesses (10-50% on construction/rail costs), directly altering tax policy to provide relief and incentivize economic activity within fiscal caps.95% confidence ✓ TransportationSupports TransportationBill provides 50% tax credit for rail infrastructure projects (up to $3M), directly funding transportation infrastructure development per rail infrastructure eligibility criteria.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Rail

passed · Oklahoma · House Apr 1, 2025

HB 2169: Money wire transmissions; Drug Money Laundering and Wire Transmitter Act; increasing certain fee and percentage amount; effective date.

HB 2169 increases fees for money transmission businesses (like Western Union or MoneyGram) operating in Oklahoma. It requires a $5-$10 fee per transaction under $500, plus 1-2% on amounts over $500, with quarterly payments to the Oklahoma Tax Commission. The fees fund a Drug Money Laundering Revolving Fund, and businesses must notify customers they can claim a tax credit for the fee when filing income taxes. The law takes effect November 1, 2025, and includes enforcement measures like license suspensions for non-compliance.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes transaction fees on money transmitters to fund Drug Money Laundering Revolving Fund, creating new tax revenue stream for specific program.90% confidence

Sub-Topics Tax Credits

Track

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

passed · Oklahoma · House Apr 28, 2025

HB 1201: Revenue and taxation; credit; pregnancy resource centers; effective date.

HB 1201 creates a 70% tax credit for Oklahoma taxpayers who donate to certified pregnancy resource centers, capping the credit at $50,000 per donor annually. To qualify, centers must provide free, non-abortion services (like prenatal care and counseling) without performing or referring for abortions, and must be certified by the state health director. The total annual tax credits for all donors are capped at $5 million, with annual adjustments to prevent exceeding this limit. The credit applies to donations of $100 or more and takes effect January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 70% tax credit for donations to pregnancy centers, reducing taxpayer liability while capping total annual credits at $5M, aligning with tax relief and fiscal responsibility.95% confidence ✓ HealthcareSupports HealthcareCreates tax credit for donations to centers providing prenatal care and counseling (non-abortion healthcare services), directing funds toward specific health services.85% confidence

Sub-Topics Tax Credits Women's Health

Track