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Bill

SB 293

Income tax; modifying certain income tax rate for certain tax years. Effective date.

2026 Regular Session Introduced by George Burns and 1 co-sponsor

Oklahoma bill modifies income tax rates for select years; specific rate changes and revenue impact depend on committee amendments currently under review.

Coauthored by Representative Grego (principal House author)
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WeVote Research Nonpartisan
Bill Summary · SB 293

Legislative bill overview

SB 293 modifies Oklahoma's income tax rate for specified tax years, though the bill's specific rate changes and affected years are not detailed in the provided information. The measure was introduced in early February 2025 and is currently progressing through committee review in both chambers.

Why is this important

Income tax rate changes directly affect state revenue collection and individual taxpayer obligations. Oklahoma residents and businesses would experience altered tax liabilities depending on the direction and magnitude of any rate modification, while the state budget would face corresponding impacts on available funds for services and programs.

Potential points of contention

  • Revenue impact uncertainty - Without knowing whether rates increase or decrease, stakeholders cannot assess whether this reduces needed state funding or provides tax relief
  • Temporal specificity - Targeting "certain tax years" rather than implementing permanent changes raises questions about fiscal planning and whether this is a temporary adjustment or step toward broader reform
  • Limited transparency in bill summary - The absence of specific rate percentages and effective dates in public documents makes early public evaluation difficult and may indicate the substantive details remain under development

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

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