Rep. Kevin Wallace

Maddy summaryHB 2926, titled the Budget Implementation Act of 2023, establishes the legal framework for Oklahoma's state budget for the fiscal year beginning November 1, 2023. The bill authorizes the allocation of funds to various state agencies and programs as determined by the legislature. It also includes a provision stating that the act will not be added to the permanent Oklahoma Statutes. This legislation is a procedural measure that sets the effective date for budget spending and ensures the state has the legal authority to distribute appropriated funds.

Maddy summaryHB 2898 formally establishes the "Public Finance Act of 2023" as a standalone legal document that is not included in the official Oklahoma Statutes. The bill sets the effective date for this act to November 1, 2023, ensuring that the new title and citation rules apply from that specific day forward. This legislation primarily affects state agencies and officials responsible for public finance by providing a clear legal reference for the act, but it does not alter any financial rules or procedures.

Maddy summaryThis bill, known as the Public Finance Act of 2023, establishes an official name for a collection of laws related to public finance in Oklahoma. It does not create new rules or change existing policies but simply provides a formal title for future reference. The legislation takes effect on November 1, 2023, and applies to the state's financial management framework.

Maddy summaryHB 2908, titled the Budget Implementation Act of 2023, establishes the legal framework for Oklahoma's state budget for the fiscal year beginning November 1, 2023. The bill authorizes the allocation of funds to various state agencies and programs as outlined in the state's budget plan. It does not create new spending or policy changes but serves as the procedural mechanism to implement the budget approved by the legislature.

Maddy summaryHB 2913, known as the Budget Implementation Act of 2023, provides funding for disaster and emergency management in Oklahoma. The bill establishes revolving funds to support these efforts and authorizes the allocation of specific amounts from designated sources. It takes effect on November 1, 2023, and is intended to ensure financial resources are available for emergency response operations.

Maddy summaryHB 2912 creates a new, non-codified law called the Budget Implementation Act of 2023 to establish a revolving fund for local economies impacted by disasters. The bill appropriates state funds into this dedicated fund and outlines specific procedures for how those funds can be spent. Effective November 1, 2023, the act serves as an emergency measure to provide financial resources for disaster-affected areas without adding permanent statutes to the state code.

Maddy summaryThis Oklahoma law creates a permanent revolving fund called the Federal Overreach and Extraordinary Litigation Revolving Fund, which is managed by the state Office of the Attorney General. The fund allows the Attorney General to use money specifically for addressing federal overreach, including defending state reserved powers and handling litigation related to foreign threats, interstate crime, terrorism, and public safety. Money in the fund is not limited by the state's annual budget cycle and can be spent whenever needed through warrants issued by the State Treasurer. The law also declares an emergency to make the fund effective immediately upon the bill's passage.

Maddy summaryThis bill updates the definition of the Oklahoma aerospace industry income tax credit to clarify which workers and businesses qualify for the benefit. It expands eligibility to include employees who have earned an ABET-accredited engineering degree or are licensed professional engineers, while also allowing individuals who change aerospace employers to claim the credit again, provided they have not used it for the maximum of five years. The law maintains a credit limit of $5,000 per year for up to five years, which can be carried forward to future tax years if not fully utilized. These changes apply to taxable years beginning after December 31, 2008, and ending before January 1, 2026, with the bill itself taking effect on November 1, 2024.