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OklahomaSB 1280Oklahoma 2026 Regular SessionSenateWALLET

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

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Oil and gas excise continues, lower in 2031

Oklahoma keeps a small excise tax on oil and natural gas. The rate is 0.095% of gross value through June 30, 2031. Starting July 1, 2031, the rate drops to 0.085%. The Tax Commission collects it with the gross production tax. Buyers pay on oil or gas bought at the wellhead; producers pay on volumes they keep. Producers can deduct the tax in settlements with royalty owners.

Where oil and gas tax money goes

Beginning July 1, 2031, 92.35% of oil and gas excise money goes to General Revenue and 7.65% to the Interstate Oil Compact Fund. Each year, the first $1.35 million that would go to General Revenue is sent to the Oil and Gas Division Revolving Fund. Until June 30, 2031, older splits stay in place, including a set share for the Corporation Commission Plugging Fund. After July 1, 2031, the Plugging Fund no longer gets an excise share. Money in the Interstate Oil Compact Fund pays Oklahoma’s Compact representative, staff travel, office costs, and dues. The State Treasurer pays claims approved by the assistant representative and the Governor, and unspent year-end balances move to General Revenue.

Emergency clause and 2026 start

The law states an effective date of July 1, 2026. Lawmakers also declare an emergency, so the act takes effect upon passage and approval. The tax rates and money splits follow the dates listed in this law.

Sponsors & Cosponsors

Sponsor

  • Micheal Bergstrom

    Republican • Senate

Cosponsors

  • Gerrid Kendrix

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 103 • No: 16

House vote • 4/29/2026

Top_of_Page

Yes: 77 • No: 7

House vote • 4/7/2026

Emergency

Yes: 13 • No: 0

House vote • 4/7/2026

Emergency

Yes: 13 • No: 0

Senate vote • 3/10/2026

THIRD READING

Yes: 0 • No: 9

Senate vote • 2/9/2026

Emergency

Yes: 0 • No: 0

Actions Timeline

  1. Approved by Governor 05/01/2026

    5/5/2026Senate

  2. Sent to Governor

    4/29/2026Senate

  3. Signed, returned to Senate

    4/29/2026House

  4. Enrolled, to House

    4/29/2026Senate

  5. Referred for enrollment

    4/29/2026Senate

  6. Signed, returned to Senate

    4/29/2026House

  7. Third Reading, Measure and Emergency passed: Ayes: 77 Nays: 7

    4/29/2026House

  8. General Order

    4/29/2026House

  9. CR; Do Pass Administrative Rules Committee

    4/8/2026House

  10. Second Reading referred to Administrative Rules

    3/30/2026House

  11. First Reading

    3/11/2026House

  12. Engrossed to House

    3/11/2026Senate

  13. Referred for engrossment

    3/10/2026Senate

  14. Measure and Emergency passed: Ayes: 37 Nays: 9

    3/10/2026Senate

  15. General Order, Considered

    3/10/2026Senate

  16. Coauthored by Representative Kendrix (principal House author)

    3/3/2026Senate

  17. Placed on General Order

    2/11/2026Senate

  18. Reported Do Pass Revenue and Taxation committee; CR filed

    2/9/2026Senate

  19. Second Reading referred to Revenue and Taxation

    2/3/2026Senate

  20. Authored by Senator Bergstrom

    2/2/2026Senate

  21. First Reading

    2/2/2026Senate

Bill Text

  • Enrolled (final version)

    4/29/2026

    PDF

  • Floor (House)

    4/8/2026

    PDF

  • House Committee Report

    4/8/2026

    PDF

  • Engrossed

    3/11/2026

    PDF

  • Floor (Senate)

    2/10/2026

    PDF

  • Senate Committee Report

    2/9/2026

    PDF

  • Introduced

    12/18/2025

    PDF

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