HB1923

Research and development; Oklahoma Research and Development Tax Incentive Act of 2025; effective date.

Introduced·2/3/25
Int Text

Oklahoma Research and Development Tax Incentive Act of 2025 establishes tax incentives for research and development activities.

Oklahoma Research and Development Tax Incentive Act of 2025 creates tax incentives to encourage research and development activities within the state. The act provides financial benefits to businesses and organizations that invest in research and development projects. This legislation aims to stimulate innovation and economic growth by reducing the tax burden for entities engaged in research and development. The act will take effect on November 1, 2025.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Rules Committee
Next
Committee decision

Sponsors

D
1
0
Democratic CaucusRepublican Caucus

History

Feb 4, 2025

House

Second Reading referred to Rules

Feb 3, 2025

House

First Reading

Feb 3, 2025

House

Authored by Representative Alonso-Sandoval