Oklahoma legislation · 2026 Regular Session
Oklahoma HB2894: Oklahoma Rural Jobs Act; cap on capital investment tax credits; authorizing and limiting additional participation in program under certain conditions.
Status: Chaptered, May 13, 2026
What the bill says
An Act relating to the Oklahoma Rural Jobs Act; amending Section 4, Chapter 354, O.S.L. 2022 (68 O.S. Supp. 2025, Section 3933), which relates to the cap on capital investment tax credits; authorizing and limiting additional participation in program under certain conditions; clarifying eligibility for certain certifications; clarifying reference; and updating statutory language. SUBJECT: Oklahoma Rural Jobs Act.
From the enrolled text, May 6, 2026:
An Act relating to the Oklahoma Rural Jobs Act; amending Section 4, Chapter 354, O.S.L. 2022 (68 O.S. Supp. 2025, Section 3933), which relates to the cap on capital investment tax credits; authorizing and limiting additional participation in program under certain conditions; clarifying eligibility for certain certifications; clarifying reference; and updating statutory language. SUBJECT: Oklahoma Rural Jobs Act SECTION 1. AMENDATORY Section 4, Chapter 354, O.S.L. 2022 (68 O.S. Supp. 2025, Section 3933), is amended to read as follows: Section 3933. A. The Oklahoma Department of Commerce shall certify capital investment authority under the provisions of this act the Oklahoma Rural Jobs Act in amounts that would not authorize more than Fifteen Million Dollars ($15,000,000.00) in state tax credits to be claimed against state tax liability in any calendar year for applications approved before the effective date of this act and Fifteen Million Dollars ($15,000,000.00) in state tax credits to be claimed against state tax liability in any calendar year for applications approved on or after the effective date of this act, excluding any credit amounts carried forward as provided under subsection A of Section 5 3934 of this act title. A rural fund receiving certification for an application approved prior to the effective date of this act shall be eligible to receive certification on an application submitted after the …
Sponsors
- Tammy Townley (R, HD-048)
Latest actions
- : Becomes law without Governor's signature 05/13/2026
- : Sent to Governor
- : Enrolled measure signed, returned to House
- : Enrolled, signed, to Senate
- : Referred for enrollment
- : Fourth Reading, Measure passed: Ayes: 59 Nays: 33
- : SA's read, adopted
- : SA's received
- : Engrossed to House
- : Referred for engrossment
Votes
- Fourth Reading (May 6, 2026): 59 yea, 33 nay, passed
- Third Reading (April 28, 2026): 34 yea, 10 nay, passed
- Senate Revenue & Taxation Committee (April 14, 2025): 7 yea, 4 nay, passed
- Senate Economic Development, Workforce & Tourism Committee (April 8, 2025): 7 yea, 0 nay, passed
- Third Reading (March 26, 2025): 63 yea, 31 nay, passed
- Appropriations and Budget Committee (March 5, 2025): 30 yea, 2 nay, passed
Common questions
- What is HB2894?
- HB2894 is a bill in the Oklahoma Legislature (2026 Regular Session): Oklahoma Rural Jobs Act; cap on capital investment tax credits; authorizing and limiting additional participation in program under certain conditions.
- What does HB2894 do?
- In its own words: An Act relating to the Oklahoma Rural Jobs Act; amending Section 4, Chapter 354, O.S.L. 2022 (68 O.S. Supp. 2025, Section 3933), which relates to the cap on capital investment tax credits; authorizing and limiting additional participation in program under certain conditions; clarifying eligibility for certain certifications; clarifying reference; and updating statutory language. SUBJECT: Oklahoma Rural Jobs Act.
- What is the status of HB2894?
- Chaptered as of May 13, 2026. Latest action: Becomes law without Governor's signature 05/13/2026 (May 13, 2026).
- Who sponsored HB2894?
- Tammy Townley (R, HD-048).
- Where is the official record for HB2894?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HB2894&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.