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Bill

SB 299

Income tax; modifying certain apportionment factor for calculation of Oklahoma taxable income. Effective date.

2025 Regular Session Introduced by Gerrid Kendrix and 1 co-sponsor

SB 299 modifies Oklahoma's income tax apportionment factor calculation, affecting how taxable income is determined for tax liability purposes.

SCs named GCCA
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WeVote Research Nonpartisan
Bill Summary · SB 299

Legislative bill overview

SB 299 modifies how Oklahoma calculates taxable income by changing an apportionment factor used in income tax computations. The bill has progressed through the House and Senate with recent conference committee activity, indicating disagreement between chambers on specific provisions that require reconciliation.

Why is this important

Apportionment factors directly affect how much income businesses and potentially individuals owe in Oklahoma state taxes. Changes to these calculations can shift tax liability between entities, impact state revenue, and affect business competitiveness and investment decisions within the state.

Potential points of contention

  • Revenue impact: Modifying apportionment factors could increase or decrease state tax revenue, affecting budget allocations for education, infrastructure, and services
  • Business sector effects: Different industries may be affected unevenly depending on how apportionment is calculated, potentially benefiting some sectors while disadvantaging others
  • Retroactive application: Unclear whether changes apply only prospectively or affect prior tax years, which could create compliance complexity and litigation risk

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

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