Revenue and taxation; income tax; income tax credit for qualified economic development expenditures; effective date.

This bill extends a tax credit for certain economic development projects in Oklahoma. It allows businesses to receive a credit against their taxes for qualified spending on new construction, expansion, or infrastructure, particularly in less populated counties or near railroads. The credit, which can be up to 10% of eligible expenses, would now be available until December 31, 2032, instead of 2027.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text