WeVote
Log In

Bill

Bill

SB 60

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

2026 Regular Session Introduced by Cody Maynard and 1 co-sponsor

Oklahoma bill modifying corporate income apportionment factors for specific tax years to adjust multi-state business tax liability calculations.

Placed on General Order
0
WeVote Research Nonpartisan
Bill Summary · SB 60

Legislative bill overview

SB 60 modifies how Oklahoma calculates taxable income for businesses by changing apportionment factors used to determine what portion of multi-state corporate income is subject to Oklahoma taxation. The bill applies these modifications to specified tax years and includes an effective date provision.

Why is this important

Apportionment factors directly affect how much corporate income tax Oklahoma collects from businesses operating across multiple states. Changes to these factors can either increase or decrease tax liability for affected companies and state revenue, making this a fiscal issue with real budget implications.

Potential points of contention

  • Lack of bill text details: The summary provided does not specify what factors are being modified or in which direction, making it unclear whether this benefits businesses (potential tax cuts) or the state (potential revenue changes)
  • Selective application: The bill targets "certain tax years," which may create unequal treatment or raise fairness questions about retroactive or prospective application
  • Revenue impact unclear: Without knowing the specific modifications, the fiscal effect on state revenues and which business sectors are affected remains unknown—this typically triggers appropriations committee scrutiny

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

Sign in to ask a question.