Transportation

SB 475 requires the Oklahoma Tax Commission to verify whether taxpayers have claimed a specific income tax credit for clean-burning motor fuel property investments when requested. This bill amends existing tax law (68 O.S. § 2357.22) to update verification procedures for the one-time credit against income tax for qualified clean-burning motor fuel vehicle investments. The change affects taxpayers claiming this credit and streamlines the Tax Commission’s process to prevent duplicate claims. It modifies confidentiality rules (68 O.S. § 205) to allow this verification without compromising other protected tax records. The bill focuses on administrative accuracy for an existing credit, not new tax benefits.

SB 739 prohibits specific public entities from withholding retainage (hold-back payments) on certain construction contracts in Oklahoma. It directly affects contractors working with the Oklahoma Department of Transportation (DOT), Oklahoma Turnpike Authority, and railroads on privately owned rail property. The bill bans DOT and the Turnpike Authority from withholding retainage on their projects, and also prohibits retainage on contracts requiring bonds. This takes effect on November 1, 2025.