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Bill > HB3986
OK HB3986
OK HB3986Revenue and taxation; Gross Production Tax Modernization Act of 2026; effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/18/2026
02/18/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
2026 Regular Session
Bill Summary
An Act relating to revenue and taxation; creating the Gross Production Tax Modernization Act of 2026; providing for noncodification; and providing an effective date.
AI Summary
This bill establishes the "Gross Production Tax Modernization Act of 2026," which will be a new law that is not incorporated into the official Oklahoma Statutes. The Gross Production Tax is a tax levied on the value of natural resources extracted from the state, such as oil and gas. This act will take effect on November 1, 2026, and its purpose is to modernize how this tax is handled.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
House Appropriations and Budget Hearing (16:30:00 2/24/2026 Room 450) (on 02/24/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3986&Session=2600 |
| Fiscal Note/Analysis - House: Proposed Committee Substitute (full committee) 1 | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB3986%20FULLPCS1%20BILLSUM.PDF |
| Proposed Committee Substitute (full committee) 1 | https://www.oklegislature.gov/cf_pdf/2025-26%20COMMITTEE%20AMENDMENTS/House/HB3986%20FULLPCS1%20TREY%20CALDWELL-MKS.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB3986%20INT.PDF |
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