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Bill

SB 304

Income tax; limiting certain personal exemption to certain tax years; modifying amount of standard deduction for certain tax years. Effective date.

2026 Regular Session Introduced by Gerrid Kendrix and 1 co-sponsor

SB 304 limits Oklahoma personal income tax exemptions and modifies standard deductions for specific tax years, pending final enacting clause approval.

Coauthored by Representative(s) Lepak, Maynard
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WeVote Research Nonpartisan
Bill Summary · SB 304

Legislative bill overview

SB 304 modifies Oklahoma's income tax structure by limiting personal exemptions to specific tax years and adjusting the standard deduction amounts for certain periods. The bill received a "Do Pass" recommendation from the Appropriations and Budget Committee with amendments, though the enacting clause was struck, suggesting significant modifications were made during committee review.

Why is this important

Changes to personal exemptions and standard deductions directly affect how much income Oklahomans must pay taxes on, influencing tax liability for individuals and families across the state. These adjustments can have cascading effects on state revenue projections and may disproportionately impact taxpayers depending on income levels and which years are affected.

Potential points of contention

  • Retroactive or prospective application: Unclear which tax years are affected; limiting exemptions to "certain years" could create unequal treatment between taxpayers or complicate compliance
  • Revenue implications: Changes to deductions and exemptions reduce state tax revenue, raising questions about how Oklahoma will fund state services or whether other revenue sources will offset losses
  • Ambiguous amendment details: The striking of the enacting clause suggests substantial revisions; the final scope and impact of modifications made in committee are unclear from the bill summary alone

Compiled from official sources — confirm details with the bill’s official record.

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