Energy

SB 291 creates a refundable income tax credit for Oklahoma residents based on revenue growth from oil, natural gas, and corporate income taxes. If the State Board of Equalization certifies that revenue growth exceeds 10% in a year, the Oklahoma Tax Commission calculates a credit amount using a formula based on the number of individual and married-filing-jointly tax returns from the prior year. The credit is doubled for married couples filing jointly, and the Commission must publish the calculated amount within 45 days of certification. The credit applies to tax years starting in 2026, with a November 1, 2025 effective date.

HB 2312 prohibits operating drones below 400 feet over designated critical infrastructure facilities, including refineries, power plants, water treatment centers, pipelines, and telecom towers. It directly affects drone operators, requiring prior authorization from facility owners or operators to fly in these areas. Key provisions ban unauthorized low-altitude drone flights, contact with facilities, or interference with operations, with exceptions for government entities, facility owners, law enforcement, and FAA-authorized commercial operators. The bill takes effect November 1, 2025.