OklahomaSB 324Oklahoma 2026 Regular SessionSenate

Incentives; creating the Oklahoma Research and Development Rebate Fund; prescribing sources of funds; creating a research and development rebate program; authorizing promulgation of rules.

Sponsored By: Kristen Thompson (Republican)

Became Law

Senate Committee

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

New research rebates for Oklahoma businesses

The law creates a rebate equal to 5% of approved, qualified research costs incurred in Oklahoma. Businesses must apply, document their Oklahoma research costs, and have filed all required Oklahoma tax returns. Eligible costs match federal Form 6765, lines 9 or 28 (December 2023 revision), or the applicable tax-year line. The Oklahoma Department of Commerce runs the program and can issue rules. A new Oklahoma Research and Development Rebate Fund holds money appropriated to Commerce and designated for the fund. Its money carries over between fiscal years and reimburses qualifying businesses. Claims are paid in the order received, within the fund balance and a $20 million cap each fiscal year. Payments may be prorated; claims not approved because of these limits may be approved and paid in later fiscal years.

Sponsors & Cosponsors

Sponsor

Kristen Thompson
Republican • Senate

Cosponsors

Brian Hill
Republican • House

Roll Call Votes

All Roll Calls

Yes: 323 • No: 109

House vote • 5/29/2025

OVERRIDE

Yes: 69 • No: 13

Senate vote • 5/29/2025

OVERRIDE

Yes: 33 • No: 14

Senate vote • 5/22/2025

FOURTH READING

Yes: 31 • No: 14

House vote • 5/22/2025

FOURTH READING

Yes: 59 • No: 24

House vote • 5/6/2025

THIRD READING

Yes: 65 • No: 23

House vote • 4/16/2025

DO PASS

Yes: 22 • No: 4

House vote • 4/10/2025

DO PASS

Yes: 5 • No: 2

Senate vote • 3/25/2025

THIRD READING

Yes: 33 • No: 11

Senate vote • 3/3/2025

Committee vote: Revenue & Taxation

Yes: 6 • No: 4

Actions Timeline

Filed with Secretary of State
5/29/2025Senate
To Senate
5/29/2025House
Veto overridden: Ayes: 69 Nays: 13
5/29/2025House
Veto override message received
5/29/2025House
Measure sent to House
5/29/2025Senate
Veto overridden: Ayes: 33 Nays: 14
5/29/2025Senate
Vetoed 05/28/2025
5/28/2025Senate
Sent to Governor
5/22/2025Senate
Signed, returned to Senate
5/22/2025House
Enrolled, to House
5/22/2025Senate
Referred for enrollment
5/22/2025Senate
To Senate
5/22/2025House
Fourth Reading, Measure passed: Ayes: 59 Nays: 24
5/22/2025House
CCR adopted
5/22/2025House
CCR submitted
5/22/2025House
Measure passed, to House: Ayes: 31 Nays: 14
5/22/2025Senate
CCR adopted, GCCA
5/22/2025Senate
Emergency removed
5/21/2025Senate
Enacting clause restored
5/21/2025Senate
Title restored
5/21/2025Senate
CCR read, GCCA
5/21/2025Senate
Conference granted, naming GCCA
5/15/2025House
SCs named GCCA
5/13/2025Senate
HAs rejected, conference requested
5/13/2025Senate
HAs read
5/7/2025Senate

Bill Text

Enrolled (final version)
5/22/2025
PDF
Scheduled House CCR 1(A)
5/21/2025
PDF
Senate Conference Committee Report
5/21/2025
PDF
Amended And Engrossed
5/7/2025
PDF
Floor (House)
4/21/2025
PDF
House Committee Report
4/17/2025
PDF
House Committee Report
4/10/2025
PDF
Engrossed
3/26/2025
PDF
Floor (Senate)
3/5/2025
PDF
Senate Committee Report
3/3/2025
PDF
Introduced
12/31/2024
PDF

Related Bills

Back to State Legislation