All Roll Calls
Yes: 105 • No: 38
OklahomaHB 4426Oklahoma 2026 Regular SessionHouseWALLET
Revenue and taxation; income tax; income tax credit for qualified economic development expenditures; effective date.
Sponsored By: Kyle Hilbert (Republican)
Signed by Governor
Senate Committee
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Tax credits for small-county industrial projects
Beginning November 1, 2026, Oklahoma provides income tax credits for qualifying industrial projects. You get 10% of qualified economic development costs and 50% of qualified initial rail infrastructure costs. Eligible costs include land and building work, port terminal upgrades, machinery, and new rail lines, sidings, switches, and docks. Projects must be in an industrial park, zone, or port in a county under 100,000 people, or next to a terminal, switching, or Class II or III railroad. A project's credits are capped at $6 million total, with a $3 million cap for the rail portion; combined credits cannot exceed $6 million per project. The credit is nonrefundable and cannot reduce your tax below zero. Credits apply for tax years beginning after December 31, 2022 through December 31, 2032.
How businesses use and transfer credits
Commerce cannot allocate more than $12 million in credits each tax year. If your project does not receive its full allocation, it stays eligible in later years. You may carry unused credit forward for up to five later tax years. You may also assign unused credit to a qualifying affiliate; file the written assignment with the Oklahoma Tax Commission within 30 days. Commerce can pre-approve eligible costs and will issue a completion certificate; the Tax Commission certifies credit amounts and sets rules and forms. These rules apply to credits for tax years beginning after December 31, 2022 through December 31, 2032, and take effect November 1, 2026.
Sponsors & Cosponsors
Sponsor
Kyle Hilbert
Republican • House
Cosponsors
Chuck Hall
Republican • Senate
Brian Hill
Republican • House
Roll Call Votes
Senate vote • 4/29/2026
THIRD READING
Yes: 0 • No: 14
Senate vote • 4/6/2026
Top_of_Page
Yes: 0 • No: 2
Senate vote • 4/6/2026
Top_of_Page
Yes: 0 • No: 2
House vote • 2/24/2026
Top_of_Page
Yes: 76 • No: 20
House vote • 2/17/2026
DO PASS
Yes: 29 • No: 0
Actions Timeline
Approved by Governor 05/05/2026
5/6/2026HouseSent to Governor
4/30/2026HouseEnrolled measure signed, returned to House
4/30/2026SenateEnrolled, signed, to Senate
4/30/2026HouseReferred for enrollment
4/30/2026HouseEngrossed measure signed, returned to House
4/29/2026SenateMeasure passed: Ayes: 28 Nays: 14
4/29/2026SenateGeneral Order, Considered
4/29/2026SenatePlaced on General Order
4/8/2026SenateReported Do Pass Revenue and Taxation committee; CR filed
4/6/2026SenateSecond Reading referred to Revenue and Taxation
4/1/2026SenateFirst Reading
2/25/2026SenateEngrossed, signed, to Senate
2/25/2026HouseReferred for engrossment
2/24/2026HouseThird Reading, Measure passed: Ayes: 76 Nays: 20
2/24/2026HouseAuthored by Senator Hall (principal Senate author)
2/24/2026HouseCoauthored by Representative(s) Hill
2/24/2026HouseGeneral Order
2/24/2026HouseCR; Do Pass Appropriations and Budget Committee
2/18/2026HouseSecond Reading referred to Appropriations and Budget
2/3/2026HouseAuthored by Representative Hilbert
2/2/2026HouseFirst Reading
2/2/2026House
Bill Text
Enrolled (final version)
4/30/2026
Floor (Senate)
4/7/2026
Senate Committee Report
4/6/2026
Engrossed
2/25/2026
Floor (House)
2/20/2026
House Committee Report
2/18/2026
Introduced
1/15/2026
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