Bill > HB1923

This bill introduces the Oklahoma Research and Development Tax Incentive Act of 2025, which is a new piece of legislation designed to provide tax incentives for research and development activities in the state. The bill itself is relatively simple, establishing its own name and specifying that it will become effective on November 1, 2025. While the provided text does not detail the specific tax incentives, the bill's title and government summary suggest it is intended to create financial benefits or tax credits for businesses and organizations conducting research and development work within Oklahoma. The act will not be codified in the Oklahoma Statutes, which means it exists as a standalone piece of legislation. The primary purpose appears to be encouraging innovation and investment in research-driven industries by offering tax-related support to companies engaged in R&D activities.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1923&Session=2600