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Bill

SB 305

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

2026 Regular Session Introduced by Dusty Deevers

SB 305 modifies Oklahoma income tax rates and payroll withholding requirements for specific years, currently under committee review with unclear fiscal and compliance impacts.

Coauthored by Senator Jett
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WeVote Research Nonpartisan
Bill Summary · SB 305

Legislative bill overview

SB 305 modifies Oklahoma's income tax rates and withholding requirements for specified tax years. The bill is currently in early legislative stages, having advanced through first reading and been referred to both the Revenue and Taxation Committee and Appropriations Committee.

Why is this important

Income tax rate changes directly affect state revenue collection and take-home pay for Oklahoma residents and businesses. Withholding requirement modifications influence how much employers must deduct from paychecks, affecting both worker cash flow and state revenue timing.

Potential points of contention

  • Fiscal impact uncertainty: Without seeing the specific rate modifications, the bill's effect on state budget revenues remains unclear—potential revenue loss could impact education, healthcare, and infrastructure funding
  • Withholding complexity: Changes to withholding requirements may create administrative burdens for employers and confusion for workers adjusting to different paychecks
  • Temporary vs. permanent changes: The "certain tax years" language suggests these may be temporary measures, raising questions about policy predictability and long-term economic planning for households and businesses

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

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