Oklahoma legislation · 2026 Regular Session
Oklahoma SB1280: Excise tax; extending sunset of apportionments of excise tax collections on oil and gas. Effective date. Emergency.
Status: Signed into law, May 5, 2026
What the bill says
An Act relating to excise tax; amending 68 O.S. 2021, Sections 1101, 1102, and 1103, which relate to the additional tax on oil and gas; extending sunset of tax rate and apportionment; updating statutory language; providing an effective date; and declaring an emergency. SUBJECT: Excise tax.
From the enrolled text, April 29, 2026:
An Act relating to excise tax; amending 68 O.S. 2021, Sections 1101, 1102, and 1103, which relate to the additional tax on oil and gas; extending sunset of tax rate and apportionment; updating statutory language; providing an effective date; and declaring an emergency. SUBJECT: Excise tax SECTION 1. AMENDATORY 68 O.S. 2021, Section 1101, is amended to read as follows: Section 1101. A. Prior to July 1, 2026 2031, and as provided in Section 1103.1 of this title, there is hereby levied, in addition to the gross production tax, an excise tax equal to ninety-five one thousandths of one percent (.095 of 1%) of the gross value on each barrel of petroleum oil produced in this state which is subject to gross production tax in this state. Such excise tax of ninety-five one thousandths of one percent (.095 of 1%) of the gross value shall be reported to and collected by the Oklahoma Tax Commission at the same time and in the same manner as is provided by law for the collection of gross production tax on petroleum oil. On petroleum oil sold at the time of production, the excise tax thereon shall be paid by the purchaser, who is hereby authorized to deduct in making settlement with the producer and/or royalty owner the amount of tax so paid; provided, …
Sponsors
- Micheal Bergstrom (R, SD-001) · primary sponsor
Latest actions
- : Approved by Governor 05/01/2026
- : Sent to Governor
- : Enrolled, to House
- : Referred for enrollment
- : Signed, returned to Senate
- : Third Reading, Measure and Emergency passed: Ayes: 77 Nays: 7
- : General Order
- : CR; Do Pass Administrative Rules Committee
- : Second Reading referred to Administrative Rules
- : First Reading
Votes
- Third Reading (April 29, 2026): 77 yea, 7 nay, passed
- Floor Vote (April 7, 2026): 13 yea, 0 nay, passed
- Third Reading (March 10, 2026): 37 yea, 9 nay, passed
- Senate Revenue & Taxation Committee (February 9, 2026): 11 yea, 0 nay, passed
Subjects: Taxation, Corporation Commission
Common questions
- What is SB1280?
- SB1280 is a bill in the Oklahoma Legislature (2026 Regular Session): Excise tax; extending sunset of apportionments of excise tax collections on oil and gas. Effective date. Emergency.
- What does SB1280 do?
- In its own words: An Act relating to excise tax; amending 68 O.S. 2021, Sections 1101, 1102, and 1103, which relate to the additional tax on oil and gas; extending sunset of tax rate and apportionment; updating statutory language; providing an effective date; and declaring an emergency. SUBJECT: Excise tax.
- What is the status of SB1280?
- Signed into law as of May 5, 2026. Latest action: Approved by Governor 05/01/2026 (May 5, 2026).
- Who sponsored SB1280?
- Micheal Bergstrom (R, SD-001).
- Where is the official record for SB1280?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB1280&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.