Bill > HB2839

This bill introduces the County Road and Bridge Funding Incentive Act of 2025, which creates a tax credit program for individuals who donate money to their county's road and bridge fund. The tax credit varies based on the county's population: donors to smaller counties (under 25,000 people) can receive a 100% tax credit, while donors to larger counties receive progressively smaller credits, ranging from 75% down to 25% for counties with populations between 25,000 and 100,000 people. No credits are allowed for donations to counties with over 100,000 residents. The program runs from January 1, 2026, to December 31, 2031, and has an annual credit cap of $25 million, which the Tax Commission will adjust proportionally if total credits exceed that amount. Importantly, only individual natural persons can claim these credits, which cannot reduce their tax liability below zero and can be carried forward for up to five subsequent tax years. The donated funds must be deposited in a special "County Road and Bridge Incentive Account" and can only be used for repairing existing road and bridge equipment, not purchasing new equipment. This legislation aims to incentivize individual contributions to local infrastructure maintenance while providing a direct tax benefit to donors.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2839&Session=2600