Sen. Adam Pugh

Maddy summaryHB 2019 amends Oklahoma's tax code to create two new tax credits for the aerospace industry. It allows Oklahoma aerospace employers to claim a credit equal to 5-10% of wages paid to employees with Oklahoma degrees (up to $12,500 annually), and employees to claim up to $5,000 annually in tax credits for tuition reimbursement (capped at $5,000 total over five years). Both credits apply only to the first five years of employment and cannot reduce tax liability below zero. The bill extends these credits through 2032 (previously 2026) and takes effect November 1, 2025. It directly affects Oklahoma aerospace companies and their employees who meet the education and employment criteria.

Maddy summaryHouse Bill 2019 extends specific income tax credits related to Oklahoma's aerospace industry. It prolongs the availability of a tax credit for qualified employers for compensation paid to eligible aerospace employees, pushing its expiration date from January 1, 2026, to January 1, 2032. The bill also extends an income tax credit for qualified aerospace employees themselves, allowing them to claim up to $5,000 annually, also until January 1, 2032. This legislation continues these tax incentives for businesses and individuals working in the aerospace sector.

Maddy summaryHB 2745 creates new tax deductions for Oklahoma banks and credit unions that earn interest on qualifying agricultural and housing loans. It allows institutions to deduct up to $500,000 annually (for those with over $750 million in Oklahoma deposits) or $250,000 (for smaller institutions) from their privilege tax bill. The deductions apply to interest earned on agricultural real estate loans, agricultural operating loans, and single-family residence loans made between 2025 and 2028. Total deductions across all institutions are capped at $5 million per year, with annual adjustments to maintain this limit.

Maddy summaryHouse Bill 2745 amends Oklahoma's banking privilege tax, which applies to state and national banking associations, credit unions, and other lending institutions operating in the state. The bill introduces a new deduction from net income for interest earned on specific types of loans made between January 1, 2025, and December 31, 2027. These eligible loans include qualified agricultural real estate loans, agricultural operating loans, and single-family residence loans. The deduction is subject to institutional caps based on deposit size and an overall annual statewide cap of $5 million, which the Oklahoma Tax Commission will adjust if necessary.

Maddy summaryHB 2137 amends criminal procedure concerning individuals found incompetent to stand trial, specifically addressing the involuntary administration of medication to restore competency. It requires the Department of Mental Health and Substance Abuse Services to notify the court, prosecuting office, and the person's attorney when seeking a court order for such medication. Applications for these orders must detail the treating physician's assessment of the person's capacity, diagnosis, and proposed treatment plan. The bill sets a 30-day deadline for hearings on these applications and outlines rights for affected individuals, including the right to an attorney and to be present. Courts can only authorize involuntary medication if the petitioning party provides clear and convincing evidence that specific criteria are met, such as serving an important state interest and being in the person's best medical interest.

Maddy summaryHB 2431 modifies Oklahoma's rules for personalized license plates. It requires Service Oklahoma to notify plate holders about renewals via email first (with mail as backup), adjusts how renewal fees are distributed ($8 annually goes to the Service Oklahoma Reimbursement Fund starting January 2023 instead of the Tax Commission Fund), and clarifies that personalized plate fees must be paid alongside regular vehicle registration fees. This affects all Oklahoma drivers who purchase personalized license plates, including those with military veteran or vintage plate designs. The changes take effect November 1, 2025.

Maddy summaryHouse Bill 2431 amends current Oklahoma law regarding personalized license plates. It outlines the process for Service Oklahoma to design, issue, and renew these plates, detailing provisions such as retaining plates upon vehicle transfer and annual renewal procedures with email notification. The bill also specifies character limits for various plate types, including those for veterans and vintage vehicles, and sets the annual renewal fee at $20, with specific apportionment of these funds. This act would become effective on November 1, 2025.

Maddy summarySB 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.

Maddy summarySB 289 modifies Oklahoma's sales tax exemption period for certain museums, directly affecting those institutions by changing how long they can qualify for tax relief on eligible purchases. The bill amends Section 1356 of Oklahoma's tax code to adjust the duration of the exemption, ensuring museums remain exempt from sales tax on qualifying items used for their operations. This change updates the existing exemption framework without altering other established tax exemptions for government entities, schools, or nonprofits listed in the same section. The bill is designated as an emergency measure to expedite implementation.

Maddy summarySB 291 amends Oklahoma's tax code to change how the state handles revenue surpluses from oil, natural gas, and corporate income taxes. It requires the State Board of Equalization to annually certify five-year average revenue levels for these sources, then directs deposits of excess revenue above those averages into specific funds: the Revenue Stabilization Fund (for oil/gas) or both the Constitutional Reserve Fund and Revenue Stabilization Fund (for corporate taxes). The bill does not create a new tax credit for taxpayers but instead establishes a procedural framework for managing state revenue surpluses. This directly affects state budgeting by dictating where surplus tax revenue must be deposited.