All Roll Calls
Yes: 92 • No: 40
OklahomaSB 1992Oklahoma 2026 Regular SessionSenateWALLET
Income tax credit; defining "strategic finance partner." Effective date.
Sponsored By: Chuck Hall (Republican)
Signed by Governor
Senate Committee
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 2 benefits, 0 costs, 1 mixed.
Assign credits to Oklahoma partners
Businesses can assign unused SIDE credits to an Oklahoma‑taxable affiliate, such as a customer, vendor, investor, or strategic finance partner. A strategic finance partner is any entity that provides capital, including cash, loans, guarantees, other instruments, or services. Assignments can occur in the year earned or within five years after the year the costs were incurred. The parties must file the written assignment with the Tax Commission within 30 days and include names, addresses, taxpayer IDs, the amount, and the tax year(s).
Tax credit for Oklahoma industrial projects
Beginning Nov 1, 2026, Oklahoma offers the SIDE income tax credit for tax years starting after Dec 31, 2022 through 2027. Eligible Oklahoma businesses with qualifying projects in industrial parks or ports in counties under 100,000 people, or next to specified rail lines, can apply. The credit equals 10% of qualified economic development costs and 50% of qualified initial infrastructure costs. A project’s total credit cannot exceed $6 million (initial infrastructure portion capped at $3 million), and the state allocates no more than $12 million each year. Credits are nonrefundable, but unused amounts carry forward for up to five years.
How projects apply and get certified
Beginning Nov 1, 2026, the Tax Commission and Commerce set rules and forms for the SIDE credit. A project sponsor must file the application. It must describe the project and location, list detailed costs, and show expected jobs and economic benefits. Commerce reviews eligibility, pre‑approves qualified costs and finance partners, and issues a completion certificate that meets Tax Commission requirements.
Sponsors & Cosponsors
Sponsor
Chuck Hall
Republican • Senate
Cosponsors
Trey Caldwell
Republican • House
Roll Call Votes
House vote • 4/13/2026
Top_of_Page
Yes: 65 • No: 24
House vote • 4/7/2026
DO PASS
Yes: 27 • No: 2
Senate vote • 3/23/2026
THIRD READING
Yes: 0 • No: 14
Senate vote • 2/25/2026
Top_of_Page
Yes: 0 • No: 0
Actions Timeline
Approved by Governor 04/17/2026
4/20/2026SenateSent to Governor
4/14/2026SenateSigned, returned to Senate
4/14/2026HouseEnrolled, to House
4/14/2026SenateReferred for enrollment
4/13/2026SenateSigned, returned to Senate
4/13/2026HouseThird Reading, Measure passed: Ayes: 65 Nays: 24
4/13/2026HouseGeneral Order
4/13/2026HouseCR; Do Pass Appropriations and Budget Committee
4/8/2026HouseSecond Reading referred to Appropriations and Budget
3/30/2026HouseFirst Reading
3/24/2026HouseEngrossed to House
3/24/2026SenateReferred for engrossment
3/23/2026SenateMeasure passed: Ayes: 30 Nays: 14
3/23/2026SenateTitle restored
3/23/2026SenateGeneral Order, Amended
3/23/2026SenatePlaced on General Order
3/2/2026SenateTitle stricken
2/25/2026SenateReported Do Pass as amended Appropriations committee; CR filed
2/25/2026SenateCoauthored by Representative Caldwell (Trey) (principal House author)
2/11/2026SenateSecond Reading referred to Appropriations
2/3/2026SenateAuthored by Senator Hall
2/2/2026SenateFirst Reading
2/2/2026Senate
Bill Text
Enrolled (final version)
4/14/2026
Floor (House)
4/8/2026
House Committee Report
4/8/2026
Engrossed
3/24/2026
Floor (Senate)
2/26/2026
Senate Committee Report
2/25/2026
Introduced
1/15/2026
Related Bills
HB 4030 — Education; apportionment of certain appropriated funds; purposes for allocated funds; effective date; emergency.
HB 4072 — Public Finance; creating the Taxpayer Endowment Trust Fund Act; creating the Taxpayer Endowment Trust Fund; effective date; emergency.
SB 1733 — Schools; requiring public and private school employees to report certain disclosure, allegation, or information to law enforcement within certain time period; requiring school employees to annually sign certain attestation. Effective date. Emergency.
SB 1481 — Schools; requiring certain schools to provide students in certain grades with certain amount of recess per day. Effective date. Emergency.
SB 1176 — Oklahoma Water Resources Board; creating the Water and Wastewater Infrastructure Investment Program. Effective date. Emergency.
SB 1161 — Oklahoma Health Care Authority; general appropriations; modifying certain date; providing for duties and compensation of administrators and employees. Effective date. Emergency.