Oklahoma HB4426: Revenue and taxation; income tax; income tax credit for qualified economic development expenditures; effective date.

What the bill says

An Act relating to revenue and taxation; amending Section 1, Chapter 340, O.S.L. 2022, as amended by Section 1, Chapter 164, O.S.L. 2024 (68 O.S. Supp. 2025, Section 2357.105), which relates to income tax credit for qualified economic development expenditures; extending date for which the credit will be in effect; and providing an effective date. SUBJECT: Revenue and taxation.

From the enrolled text, April 30, 2026:

An Act relating to revenue and taxation; amending Section 1, Chapter 340, O.S.L. 2022, as amended by Section 1, Chapter 164, O.S.L. 2024 (68 O.S. Supp. 2025, Section 2357.105), which relates to income tax credit for qualified economic development expenditures; extending date for which the credit will be in effect; and providing an effective date. SUBJECT: Revenue and taxation SECTION 1. AMENDATORY Section 1, Chapter 340, O.S.L. 2022, as amended by Section 1, Chapter 164, O.S.L. 2024 (68 O.S. Supp. 2025, Section 2357.105), is amended to read as follows: Section 2357.105. A. As used in this section: 1. "Eligible entity" means an entity incorporated and located in the state with a qualifying project in a qualifying project location; 2. "Qualifying project" means the new construction or expansion of an eligible entity or the development of qualified initial infrastructure to serve an eligible entity in a qualifying project location; 3. "Qualifying project location" means a project located in an industrial park, economic development zone, or port located within a county in this state with a population of less than one hundred thousand (100,000) persons ("Qualified Area"), or a project located adjacent to a terminal, switching, or Class II or III railroad as defined by the federal Surface Transportation Board; 4. "Project sponsor" means a local economic development organization or authority, port …

Read the full official text

Sponsors

• Brian Hill (R, HD-047)
• Kyle Hilbert (R, HD-029) · primary sponsor

Latest actions

1. May 6, 2026: Approved by Governor 05/05/2026
2. April 30, 2026: Sent to Governor
3. April 30, 2026: Enrolled measure signed, returned to House
4. April 30, 2026: Enrolled, signed, to Senate
5. April 30, 2026: Referred for enrollment
6. April 29, 2026: Engrossed measure signed, returned to House
7. April 29, 2026: Measure passed: Ayes: 28 Nays: 14
8. April 29, 2026: General Order, Considered
9. April 8, 2026: Placed on General Order
10. April 6, 2026: Reported Do Pass Revenue and Taxation committee; CR filed

Votes

• Third Reading (April 29, 2026): 28 yea, 14 nay, passed
• Senate Revenue & Taxation Committee (April 6, 2026): 7 yea, 2 nay, passed
• Third Reading (February 24, 2026): 76 yea, 20 nay, passed
• Floor Vote (February 17, 2026): 29 yea, 0 nay, passed

Common questions

What is HB4426?

HB4426 is a bill in the Oklahoma Legislature (2026 Regular Session): Revenue and taxation; income tax; income tax credit for qualified economic development expenditures; effective date.

What does HB4426 do?

In its own words: An Act relating to revenue and taxation; amending Section 1, Chapter 340, O.S.L. 2022, as amended by Section 1, Chapter 164, O.S.L. 2024 (68 O.S. Supp. 2025, Section 2357.105), which relates to income tax credit for qualified economic development expenditures; extending date for which the credit will be in effect; and providing an effective date. SUBJECT: Revenue and taxation.

What is the status of HB4426?

Signed into law as of May 6, 2026. Latest action: Approved by Governor 05/05/2026 (May 6, 2026).

Who sponsored HB4426?

Kyle Hilbert (R, HD-029), with 1 co-sponsor.

Where is the official record for HB4426?

On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HB4426&Session=2600