SB718

Oklahoma Capital Investment Board; repealing the Oklahoma Capital Formation Act and Board. Effective date.

Introduced·2/3/25

Oklahoma SB718 repeals the Oklahoma Capital Formation Act and the Oklahoma Capital Investment Board, effective November 1, 2025.

Oklahoma SB718 repeals the Oklahoma Capital Formation Act and the Oklahoma Capital Investment Board, effective November 1, 2025. The bill also updates statutory references and amends sections related to tax credits for investments in qualified venture capital companies, the Oklahoma Central Purchasing Act, and the State Employment Review Board. It includes provisions for the transferability of tax credits and the certification of qualified venture capital companies and investments.

Included in complete analysis

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

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Where it stands

Current
In committee
Next
Committee decision

Sponsors

0
1
R
Democratic CaucusRepublican Caucus

Roll Call Votes

Senate: Economic Development, Workforce & Tourism Committee: DO PASS AMENDED

7 Yea

RRRDRRD

0 Nay

History

Feb 24, 2025

Senate

Placed on General Order

Feb 19, 2025

Senate

Reported Do Pass as amended Economic Development, Workforce and Tourism committee; CR filed

Feb 19, 2025

Senate

Title stricken