Oklahoma legislation · 2026 Regular Session
Oklahoma SB1395: Income tax credit; limiting new jobs tax credit to certain tax years for manufacturers; modifying carryforward. Effective date.
Status: In committee, March 31, 2026
What the bill says
An Act relating to income tax; amending 68 O.S. 2021, Section 205, as last amended by Section 2, Chapter 204, O.S.L. 2025 (68 O.S. Supp. 2025, Section 205), which relates to the confidential nature of records and files of the Oklahoma Tax Commission; excepting and requiring the disclosure of information; requiring electronic submission of certain report; amending 68 O.S. 2021, Section 2357.4, which relates to tax credit for investments; limiting credit for certain operations to certain tax years; modifying carry forward provisions for certain tax years…
From the engrossed text, February 17, 2026:
An Act relating to income tax; amending 68 O.S. 2021, Section 205, as last amended by Section 2, Chapter 204, O.S.L. 2025 (68 O.S. Supp. 2025, Section 205), which relates to the confidential nature of records and files of the Oklahoma Tax Commission; excepting and requiring the disclosure of information; requiring electronic submission of certain report; amending 68 O.S. 2021, Section 2357.4, which relates to tax credit for investments; limiting credit for certain operations to certain tax years; modifying carry forward provisions for certain tax years; requiring submission and approval of application to claim credit for certain tax years; prescribing information requirements; requiring the Oklahoma Tax Commission to provide certain data to the Incentive Evaluation Commission; updating statutory references; updating statutory language; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 68 O.S. 2021, Section 205, as last amended by Section 2, Chapter 204, O.S.L. 2025 (68 O.S. Supp. 2025, Section 205), is amended to read as follows: Section 205. A. The records and files of the Oklahoma Tax Commission concerning the administration of the Uniform Tax Procedure Code or of any state tax law shall be considered confidential and privileged, except as otherwise provided for by ENGR. S. B. NO. 1395 Page law, and neither the Tax Commission nor …