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Income Tax Credit Bill Defining Strategic Finance Partner Enrolled

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Summary

Oklahoma SB1992 has been enrolled after passing both chambers (Senate 30-14, House 65-24). The bill defines 'strategic finance partner' and creates an income tax credit. The measure received amendments in the Senate Appropriations Committee and House Appropriations and Budget Committee before final passage.

What changed

Oklahoma SB1992 has been enrolled as a final bill, having passed both chambers of the legislature. The bill defines 'strategic finance partner' and establishes a state income tax credit. The measure was amended twice during the legislative process, including changes to the title and appropriations-related modifications.

Affected parties, including financial institutions designated as strategic finance partners and Oklahoma businesses claiming the income tax credit, should monitor for the bill's effective date and any implementing regulations from the Oklahoma Tax Commission.

What to do next

  1. Monitor for updates on effective date and implementation guidance

Archived snapshot

Apr 14, 2026

GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.

ChangeBridge / Oklahoma / SB1992 Enrolled SB1992 Senate Bill Enrolled 2026-03-24

Income tax credit; defining "strategic finance partner." Effective date.

Bill Details

State Oklahoma

Session 2026 Regular Session

Chamber Senate

Official Source www.oklegislature.gov/BillInfo.aspx?Bill=s...

LegiScan View on LegiScan

Sponsors

Chuck Hall (Sen - R) Trey Caldwell (Rep - R)

Action History

2026-04-13 S Referred for enrollment 2026-04-13 H Signed, returned to Senate 2026-04-13 H Third Reading, Measure passed: Ayes: 65 Nays: 24 2026-04-13 H General Order 2026-04-08 H CR; Do Pass Appropriations and Budget Committee 2026-03-30 H Second Reading referred to Appropriations and Budget 2026-03-24 H First Reading 2026-03-24 S Engrossed to House 2026-03-23 S Referred for engrossment 2026-03-23 S Measure passed: Ayes: 30 Nays: 14 2026-03-23 S Title restored 2026-03-23 S General Order, Amended 2026-03-02 S Placed on General Order 2026-02-25 S Title stricken 2026-02-25 S Reported Do Pass as amended Appropriations committee; CR filed 2026-02-11 S Coauthored by Representative Caldwell (Trey) (principal House author) 2026-02-03 S Second Reading referred to Appropriations 2026-02-02 S Authored by Senator Hall 2026-02-02 S First Reading

Votes

2026-02-25 Senate: Appropriations Committee: DO PASS AMENDED Yea: 20 Nay: 0 2026-03-23 Senate: THIRD READING Yea: 30 Nay: 14 2026-04-07 House: Appropriations and Budget Committee: DO PASS Yea: 27 Nay: 2 2026-04-13 House: THIRD READING Yea: 65 Nay: 24

Committee Referrals

2026-02-03 S Appropriations 2026-03-30 H Appropriations and Budget

Amendments

2026-03-09 Senate Floor SB1992 (3-09-26) (HALL) RT FA1

Bill Text Versions

2026-01-15 Introduced 2026-02-26 Amended 2026-03-24 Engrossed 2026-04-08 Amended Legislative data powered by LegiScan (CC BY 4.0)

Named provisions

Strategic finance partner definition Income tax credit provisions

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Last updated

Classification

Agency
OK Legislature
Instrument
Rule
Legal weight
Binding
Stage
Final
Change scope
Substantive
Document ID
SB1992

Who this affects

Applies to
Banks Financial advisers Employers
Industry sector
5221 Commercial Banking
Activity scope
Tax credit claims Financial partnership arrangements
Geographic scope
US-OK US-OK

Taxonomy

Primary area
Taxation
Operational domain
Finance
Topics
Financial Services Government Contracting

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