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Bill

Bill

SB 60

Income tax; modifying certain apportionment factors for determining Oklahoma taxable income for certain tax years. Effective date.

2025 Regular Session Introduced by Cody Maynard and 1 co-sponsor

Oklahoma bill modifies corporate income apportionment formulas to adjust how multi-state businesses calculate state tax liability for specified years.

Placed on General Order
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WeVote Research Nonpartisan
Bill Summary · SB 60

Legislative bill overview

SB 60 modifies how Oklahoma calculates taxable income for certain businesses by adjusting apportionment factors—the formulas used to determine what portion of multi-state company income is subject to Oklahoma taxes. The bill applies to specific tax years and was recently amended in the Appropriations Committee.

Why is this important

How states apportion corporate income affects tax revenue and business competitiveness. Changes to apportionment factors can shift tax burdens between businesses operating in multiple states and between Oklahoma and other states, potentially influencing where companies choose to locate operations.

Potential points of contention

  • Revenue impact unclear: The bill's fiscal effect on state revenue depends on which apportionment factors are modified and which businesses are affected, but the specific changes aren't detailed in available information
  • Competitive advantage questions: Any modification favoring certain businesses or industries could be viewed as preferential treatment, raising fairness concerns among competing enterprises
  • Interstate tax competition: Changes to apportionment may trigger similar adjustments in other states or create disputes over fair allocation of multi-state business income

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

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