Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
2 1st Session of the 60th Legislature (2025)
3 HOUSE BILL 2840 By: Burns
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6 AS INTRODUCED
7 An Act relating to revenue and taxation; providing
income tax credit to certain members of the Oklahoma
8 National Guard; specifying amount of credit;
providing credit not to be used to reduce tax
9 liability to less than designated amount; authorizing
carryover; providing for codification; and providing
10 an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
14 SECTION 1. NEW LAW A new section of law to be codified
15 in the Oklahoma Statutes as Section 2357.701 of Title 68, unless
16 there is created a duplication in numbering, reads as follows:
17 A. For taxable years beginning on or after January 1, 2026,
18 there shall be allowed as a credit against the tax imposed pursuant
19 to Section 2355 of Title 68 of the Oklahoma Statutes in the amount
20 of One Thousand Five Hundred Dollars ($1,500.00) for a member of the
21 Oklahoma National Guard who resides outside a fifty-mile radius from
22 their assigned home station.
23 B. The credit authorized by this section shall not be used to
24 reduce the income tax liability to less than zero (0).
Req. No. 11147 Page 1
1 C. To the extent not used, the credit authorized by this
2 section may be carried over, in order, to each of the five (5)
3 subsequent taxable years.
4 SECTION 2. This act shall become effective November 1, 2025.
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6 60-1-11147 MAH 01/02/25
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Req. No. 11147 Page 2Every fact on this page links to its source, starting with the official bill record.