All Roll Calls
Yes: 151 • No: 16
OklahomaSB 1280Oklahoma 2026 Regular SessionSenate
Excise tax; extending sunset of apportionments of excise tax collections on oil and gas. Effective date. Emergency.
Sponsored By: Micheal Bergstrom (Republican)
Signed by Governor
Senate Committee
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Bill Overview
Analyzed Economic Effects
4 provisions identified: 0 benefits, 0 costs, 4 mixed.
Emergency clause: law starts immediately
The law declares an emergency and takes effect from and after its passage and approval. This makes its rules start right away instead of on a later standard date.
New 2031 excise split, plugging fund ends
Starting July 1, 2031, all oil and gas excise receipts are split 92.35% to the General Revenue Fund and 7.65% to the Interstate Oil Compact Fund. Each year, the first $1,350,000 that would go to General Revenue goes instead to the Oil and Gas Division Revolving Fund. The Plugging Fund stops receiving new money after June 30, 2031.
Oil and gas excise split through 2031
Through June 30, 2031, Oklahoma splits excise taxes on oil and on natural gas. For oil: 82.634% goes to the General Revenue Fund, but the first $1,350,000 each year goes instead to the Oil and Gas Division Revolving Fund. 10.526% goes to the Corporation Commission Plugging Fund, and 6.84% goes to the Interstate Oil Compact Fund. For natural gas: 82.6045% goes to General Revenue, with the first $1,350,000 each year diverted to the Oil and Gas Division Revolving Fund. 10.5555% goes to the Plugging Fund, and 6.84% goes to the Interstate Oil Compact Fund.
Uses of Interstate Oil Compact Fund
Money in the Interstate Oil Compact Fund pays the state’s assistant representative to the Compact Commission, staff, travel, office costs, and needed contributions. The Treasurer pays only sworn, itemized claims approved by the assistant representative and the Governor. Unspent money at year end returns to the General Revenue Fund. If Oklahoma leaves the Compact, unencumbered money and future receipts go to General Revenue.
Sponsors & Cosponsors
Sponsor
Micheal Bergstrom
Republican • Senate
Cosponsors
Gerrid Kendrix
Republican • House
Roll Call Votes
House vote • 4/29/2026
THIRD READING
Yes: 77 • No: 7
House vote • 4/7/2026
Emergency
Yes: 13 • No: 0
House vote • 4/7/2026
DO PASS
Yes: 13 • No: 0
Senate vote • 3/10/2026
THIRD READING
Yes: 37 • No: 9
Senate vote • 2/9/2026
Committee vote: Revenue & Taxation
Yes: 11 • No: 0
Bill Text
Enrolled (final version)
4/29/2026
Floor (House)
4/8/2026
House Committee Report
4/8/2026
Engrossed
3/11/2026
Floor (Senate)
2/10/2026
Senate Committee Report
2/9/2026
Introduced
12/18/2025
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