Transportation

HB 4426 creates a state income tax credit for businesses making qualified economic development expenditures in specific Oklahoma locations. It allows eligible businesses to claim up to 10% of qualifying construction, equipment, or infrastructure costs (capped at $6 million per project), or up to 50% for rail infrastructure (capped at $3 million). The credit can be assigned to project affiliates like vendors or investors and carried forward for up to five years, with an annual state cap of $12 million. The bill applies to projects in counties under 100,000 population, industrial parks, economic development zones, or near qualifying railroads, effective November 2026.

HB 1939 authorizes the Oklahoma Turnpike Authority to construct, maintain, and operate toll turnpikes at 25 specific locations and segments across the state, such as the Turner Turnpike between Oklahoma City and Tulsa and extensions of the Muskogee Turnpike. The bill directly affects the Oklahoma Turnpike Authority (a state agency) and drivers using these designated routes. Key provisions include explicitly listing authorized locations (e.g., the Tulsa south bypass and Oklahoma City Outer Loop) and modifying prior restrictions on where turnpikes may be built. The bill does not create new tolls but formalizes existing or planned infrastructure projects under the Authority’s jurisdiction.