Budget & Taxes (Tax Credits)

in committee · Oklahoma · Senate Feb 3, 2026

SB 1388: Income tax credit; providing refundable child tax credit; making child care credit refundable. Effective date.

SB 1388 creates a refundable child tax credit for Oklahoma families with children under 19. It provides $500 per child for taxpayers with adjusted gross income of $70,000 or less, phasing out by $0.15 for every $10 of income above that threshold, and eliminating eligibility above $100,000. The credit applies to tax years beginning in 2027 and is refundable, meaning eligible taxpayers receive a cash payment even if they owe no state income tax. Married filers must include spousal income to determine eligibility and credit amount. This bill directly affects low-to-moderate-income Oklahoma families with qualifying children.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax relief for lower/middle-income families ($70k AGI threshold), directly advancing fiscal support through targeted child tax credits per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits

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signed · Oklahoma · House May 12, 2025

HB 1205: Revenue and taxation; repeal; small wind turbine tax credit; effective date.

HB 1205 repeals Oklahoma's tax credit for small wind turbine installations by removing Section 2357.32B from the state's tax code. This change directly affects small wind turbine owners and installers who previously qualified for the credit. The repeal takes effect on November 1, 2025, eliminating the tax incentive for new installations after that date. The bill is procedural and does not create new policy, only removing an existing tax provision.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepealing tax credit for small wind turbines directly eliminates a tax incentive, reducing fiscal support for renewable energy projects.95% confidence ✗ EnergyOpposes EnergyRepealing tax credit for small wind turbines removes financial incentive, weakening renewable energy development support.90% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credit for small wind turbines, eliminating financial incentive for clean energy adoption and weakening renewable energy support per bill summary.90% confidence

Sub-Topics Tax Credits Tax Incentives Wind

passed · Oklahoma · House Apr 28, 2025

HB 2087: Revenue and taxation; income tax credit; research institutes; effective date.

HB 2087 modifies Oklahoma's income tax credit for donations to qualified research institutes. It adjusts annual funding caps: for biomedical research institutes, the limit drops from $2 million to $1.5 million per year starting in 2026, while cancer research institute credits are capped at $500,000 annually. The credit percentage for each donation type is recalculated yearly based on prior-year claims, using specific formulas to stay within these new limits. Taxpayers donating to qualifying nonprofit biomedical or cancer research institutes (defined by NIH funding requirements) can claim the credit, with individual limits of $1,000-$25,000 depending on filing status or business type.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces annual tax credit caps for research institutes, restricting tax benefits and limiting government spending on these credits.95% confidence ✗ HealthcareOpposes HealthcareReduces funding caps for biomedical/cancer research institutes, limiting tax credit support for healthcare research through lower annual donation limits.85% confidence

Sub-Topics Income Tax Tax Credits

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died · Oklahoma · House Feb 7, 2025

HB 1519: Revenue and taxation; Oklahoma Revenue and Taxation Act of 2025; effective date.

HB 1519 expands Oklahoma's Parental Choice Tax Credit Program by increasing the maximum annual tax credit for private school tuition from $5,000 to $7,500, removing the previous cap. It creates income-based tiers for the credit amount (ranging from $5,000 to $7,500 depending on household income) and broadens eligible expenses to include tutoring, textbooks, and standardized test fees. The bill directly affects Oklahoma taxpayers with children enrolled in accredited private schools, including schools serving homeless students or financially disadvantaged students (defined as 90% of enrollment below 250% of the federal poverty threshold). It requires taxpayers to submit receipts for qualified expenses and allows unused credit to be refunded. The program would apply to tax years 2024 and beyond, administered by the Oklahoma Tax Commission.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit program with income-based tiers, providing tax relief for families using private education. Directly modifies tax policy to reduce taxpayer liability.95% confidence ✓ EducationSupports EducationExpands tax credits for private school tuition and related expenses, increasing educational access and financial support for families, directly aligning with education access indicators.95% confidence

Sub-Topics Tax Credits Higher Education School Choice Testing & Assessment

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in committee · Oklahoma · House Feb 4, 2025

HB 1452: Revenue and taxation; Green Energy Subsidy Recapture Tax Act; definitions; purpose; tax levy; exemptions; reporting procedures; remittance; apportionment of revenues; effective date.

HB 1452 imposes a state tax on owners of wind, solar, geothermal, and hydroelectric facilities in Oklahoma, equal to the federal production tax credit amount they could have claimed. The tax applies regardless of whether the facility owner actually used the federal credit. Government-owned facilities are exempt from this tax, while private owners must report and pay the tax monthly to the Oklahoma Tax Commission. All revenue collected flows into the state's General Revenue Fund.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes state tax on private renewable facilities equal to federal credits, directing revenue to General Revenue Fund - increasing state tax revenue and fiscal management.95% confidence ✗ EnergyOpposes EnergyTaxing private renewable facilities at federal credit value removes financial incentive, directly opposing renewable energy growth by recapturing subsidies.95% confidence ✗ EnvironmentOpposes EnvironmentBill recaptures federal green energy subsidies via state tax, removing financial incentive for renewables, weakening clean energy adoption.92% confidence

Sub-Topics Revenue Tax Credits Hydroelectric Renewable Energy Solar

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in committee · Oklahoma · Senate Feb 4, 2025

SB 343: Income tax; providing credit for certain workplace clothing. Effective date.

SB 343 creates a refundable income tax credit for Oklahoma employees required to purchase specific safety or work-related clothing. The credit covers up to $100 per year for items like steel-toed boots, helmets, high-visibility vests, or protective eyewear mandated by employers. If the credit exceeds the employee's tax bill, the excess is refunded directly. The policy applies starting with tax year 2026, effective November 1, 2025. This directly benefits workers in safety-sensitive jobs who bear these costs.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit ($100/year) for mandated work clothing, reducing tax burden for employees in safety-sensitive jobs, aligning with tax relief for lower/middle income.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides refundable tax credit for mandatory safety/work clothing, reducing worker costs and improving workplace safety compliance, directly protecting workers' rights.90% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Oklahoma · Senate Feb 4, 2025

SB 309: Income tax; providing credit for eligible dependent children; stipulating credit amount. Effective date.

SB 309 creates an Oklahoma income tax credit for married couples with dependent children under 19 who qualify for federal dependent status. The credit amount ranges from $500 (for couples married 1-5 years) to $2,000 (for couples married 15+ years) per child, based on marriage duration. Credits are capped at $10,000 for joint filers and $5,000 for separate filers, cannot reduce tax liability below zero, and unused portions may be carried forward for up to five years. This bill directly affects married couples filing jointly or separately with qualifying children, excluding single-parent households.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing liability for families with children, aligning with tax relief for middle-income households per bill's credit structure.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Oklahoma · House Feb 4, 2025

HB 1659: Revenue and taxation; Promote Child Thriving Act; income tax credit; effective date; emergency.

HB 1659 creates an income tax credit for married biological parents of children under 18 living at home. Parents receive $500 per child if married during the tax year, or $1,000 per child if married before the child's birth. To qualify, parents must be legally married for the entire tax year, reside with the child for at least six months (with exceptions for military deployment or newborns), and the child must be their biological child as verified by birth certificate or custody records. The credit cannot reduce tax liability below zero, and unused amounts can be carried forward for up to ten years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for parents, reducing taxable income for qualifying families, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Oklahoma · Senate Feb 4, 2025

SB 101: Income tax; providing credit for certain housing expenses. Effective date.

SB 101 creates an income tax credit for Oklahoma residents paying rent or mortgage on their primary residence. It provides refundable credits ranging from $1,000 to $7,000 based on household income (as a percentage of Oklahoma's state median income) and the number of dependents. The credit applies to tax years starting in 2026, with limits of one credit per residence and refunding excess amounts if the credit exceeds the tax owed. This directly benefits low-to-moderate-income Oklahoma households struggling with housing costs. The bill takes effect November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable income tax credit for housing expenses, providing relief to low-to-moderate-income households.95% confidence ✓ HousingSupports HousingProvides refundable tax credits for housing expenses, directly increasing affordability for low-to-moderate-income households through income-based credits.95% confidence

Sub-Topics Income Tax Tax Credits Affordable Housing Property Taxes Renters

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in committee · Oklahoma · Senate Feb 4, 2025

SB 107: Income tax; providing credit for certain ambulance service staff. Effective date.

SB 107 creates a state income tax credit for ambulance service staff in Oklahoma, effective for tax year 2025 and beyond. It provides specific credit amounts based on certification level: $100 for certified emergency medical responders, $200 for emergency medical technicians, $400 for intermediate/advanced EMTs, and $600 for paramedics. To qualify, workers must maintain required licenses/certifications and submit employer documentation verifying employment through the tax year, with only one credit allowed per tax year. The bill also requires the State Commissioner of Health to create an online submission form for this documentation.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for ambulance staff, offering relief to lower-income public service workers, aligning with tax relief indicators for middle/lower income.95% confidence ✓ HealthcareSupports HealthcareProvides tax credits for ambulance staff (medical professionals), directly funding emergency healthcare workforce retention and access to services.92% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides direct tax credits to ambulance staff based on certification, increasing take-home pay as a form of wage support for specific workers.95% confidence

Sub-Topics Income Tax Tax Credits Professional Licensing

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