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SB308
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Oklahoma Senate Bill SB308

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Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB308 Compare Versions

Only one version of the bill is available at this time.

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3	3
4	4		Req. No. 1410 Page 1 1
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52	52
53	53		STATE OF OKLAHOMA
54	54
55	55		1st Session of the 60th Legislature (2025)
56	56
57	57		SENATE BILL 308 By: Deevers
58	58
59	59
60	60
61	61
62	62
63	63		AS INTRODUCED
64	64
65	65		An Act relating to tax; amending 68 O.S. 2021,
66	66		Section 2355, as last amended by Section 1, Chapter
67	67		27, 1st Extraordinary Session, O.S.L. 2023 (68 O.S.
68	68		Supp. 2024, Section 2355), which relates to income
69	69		tax; modifying certain income tax rate for certain
70	70		tax years; updating statutory language; updating
71	71		statutory references; and providing an effective
72	72		date.
73	73
74	74
75	75
76	76
77	77		BE IT ENACTED BY THE PE OPLE OF THE STATE OF OKLAHOMA:
78	78		SECTION 1. AMENDATORY 68 O.S. 2021, Section 2355, as
79	79		last amended by Section 1, Chapter 27, 1st Extraordinary Session,
80	80		O.S.L. 2023 (68 O.S. Supp. 2024, Section 2355), is amended to read
81	81		as follows:
82	82		Section 2355. A. Individuals. For all taxable years beginning
83	83		after December 31, 1998, and before January 1, 2006, a tax is hereby
84	84		imposed upon the Oklahoma taxable income of every resident or
85	85		nonresident individual, which tax shall be computed at the op tion of
86	86		the taxpayer under one of the two following methods:
87	87		1. METHOD 1.
88	88
89	89
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139	139		a. Single individuals and married individuals filing
140	140		separately not deducting federal income tax:
141	141		(1) 1/2% tax on first $1,000.00 or part thereof,
142	142		(2) 1% tax on next $1,500.00 or pa rt thereof,
143	143		(3) 2% tax on next $1,250.00 or part thereof,
144	144		(4) 3% tax on next $1,150.00 or part thereof,
145	145		(5) 4% tax on next $1,300.00 or part thereof,
146	146		(6) 5% tax on next $1,500.00 or part thereof,
147	147		(7) 6% tax on next $2,300.00 or part thereof, and
148	148		(8) (a) for taxable years beginning after December
149	149		31, 1998, and before January 1, 2002, 6.75%
150	150		tax on the remainder,
151	151		(b) for taxable years beginning on or after
152	152		January 1, 2002, and before January 1, 2004,
153	153		7% tax on the remainder, and
154	154		(c) for taxable years beginning on or after
155	155		January 1, 2004, 6.65% tax on the remainder.
156	156		b. Married individuals filing jointly and surviving
157	157		spouse to the extent and in the manner that a
158	158		surviving spouse is permitted to file a joint return
159	159		under the provisions of the Internal Revenue Co de of
160	160		1986, as amended, and heads of households as defined
161	161		in the Internal Revenue Code of 1986, as amended, not
162	162		deducting federal income tax:
163	163
164	164
165	165		Req. No. 1410 Page 3 1
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214	214		(1) 1/2% tax on first $2,000.00 or part thereof,
215	215		(2) 1% tax on next $3,000.00 or part thereof,
216	216		(3) 2% tax on next $2,500.00 or part thereof,
217	217		(4) 3% tax on next $2,300.00 or part thereof,
218	218		(5) 4% tax on next $2,400.00 or part thereof,
219	219		(6) 5% tax on next $2,800.00 or part thereof,
220	220		(7) 6% tax on next $6,000.00 or part thereof, and
221	221		(8) (a) for taxable years beginning afte r December
222	222		31, 1998, and before January 1, 2002, 6.75%
223	223		tax on the remainder,
224	224		(b) for taxable years beginning on or after
225	225		January 1, 2002, and before January 1, 2004,
226	226		7% tax on the remainder, and
227	227		(c) for taxable years beginning on or after
228	228		January 1, 2004, 6.65% tax on the remainder.
229	229		2. METHOD 2.
230	230		a. Single individuals and married individuals filing
231	231		separately deducting federal income tax:
232	232		(1) 1/2% tax on first $1,000.00 or part thereof,
233	233		(2) 1% tax on next $1,500.00 or part thereof,
234	234		(3) 2% tax on next $1,250 .00 or part thereof,
235	235		(4) 3% tax on next $1,150.00 or part thereof,
236	236		(5) 4% tax on next $1,200.00 or part thereof,
237	237		(6) 5% tax on next $1,400.00 or part thereof,
238	238
239	239
240	240		Req. No. 1410 Page 4 1
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289	289		(7) 6% tax on next $1,500.00 or part thereof,
290	290		(8) 7% tax on next $1,500.00 or part thereof,
291	291		(9) 8% tax on next $2,000.00 or part thereof,
292	292		(10) 9% tax on next $3,500.00 or part thereof, and
293	293		(11) 10% tax on the remainder.
294	294		b. Married individuals filing jointly and surviving
295	295		spouse to the extent and in the manner that a
296	296		surviving spouse is permitted to fi le a joint return
297	297		under the provisions of the Internal Revenue Code of
298	298		1986, as amended, and heads of households as defined
299	299		in the Internal Revenue Code of 1986, as amended,
300	300		deducting federal income tax:
301	301		(1) 1/2% tax on the first $2,000.00 or part thereof,
302	302		(2) 1% tax on the next $3,000.00 or part thereof,
303	303		(3) 2% tax on the next $2,500.00 or part thereof,
304	304		(4) 3% tax on the next $1,400.00 or part thereof,
305	305		(5) 4% tax on the next $1,500.00 or part thereof,
306	306		(6) 5% tax on the next $1,600.00 or part thereof,
307	307		(7) 6% tax on the next $1,250.00 or part thereof,
308	308		(8) 7% tax on the next $1,750.00 or part thereof,
309	309		(9) 8% tax on the next $3,000.00 or part thereof,
310	310		(10) 9% tax on the next $6,000.00 or part thereof, and
311	311		(11) 10% tax on the remainder.
312	312
313	313
314	314		Req. No. 1410 Page 5 1
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362	362
363	363		B. Individuals. For all taxable years beginning on or after
364	364		January 1, 2008, and ending any tax year which begins after December
365	365		31, 2015, for which the determination required pursuant to Sections
366	366		4 2355.1F and 5 2355.1G of this act title is made by the State Board
367	367		of Equalization, a tax is hereby imposed upon the Oklahoma taxable
368	368		income of every resident or nonresident individual, which tax shall
369	369		be computed as follows:
370	370		1. Single individuals and married individuals filing
371	371		separately:
372	372		(a) 1/2% tax on first $1,000.00 or part ther eof,
373	373		(b) 1% tax on next $1,500.00 or part thereof,
374	374		(c) 2% tax on next $1,250.00 or part thereof,
375	375		(d) 3% tax on next $1,150.00 or part thereof,
376	376		(e) 4% tax on next $2,300.00 or part thereof,
377	377		(f) 5% tax on next $1,500.00 or part thereof,
378	378		(g) 5.50% tax on the remainder for the 2008 tax year and
379	379		any subsequent tax year unless the rate pr escribed by
380	380		subparagraph (h) of this paragraph is in effect, and
381	381		(h) 5.25% tax on the remainder for the 2009 and subsequent
382	382		tax years. The decrease in the top marginal
383	383		individual income tax rate otherwise authorized by
384	384		this subparagraph shall be contingent upon the
385	385		determination required to be made by the State Board
386	386
387	387
388	388		Req. No. 1410 Page 6 1
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436	436
437	437		of Equalization pursuant to Section 2355.1A of this
438	438		title.
439	439		2. Married individuals filing jointly and surviving sp ouse to
440	440		the extent and in the manner that a surviving spouse is permitted to
441	441		file a joint return under the provisions of the Internal Revenue
442	442		Code of 1986, as amended, and heads of households as defined in the
443	443		Internal Revenue Code of 1986, as amended:
444	444		(a) 1/2% tax on first $2,000.00 or part thereof,
445	445		(b) 1% tax on next $3,000.00 or part thereof,
446	446		(c) 2% tax on next $2,500.00 or part thereof,
447	447		(d) 3% tax on next $2,300.00 or part thereof,
448	448		(e) 4% tax on next $2,400.00 or part thereof,
449	449		(f) 5% tax on next $2,800. 00 or part thereof,
450	450		(g) 5.50% tax on the remainder for the 2008 tax year and
451	451		any subsequent tax year unless the rate prescribed by
452	452		subparagraph (h) of this paragraph is in effect, and
453	453		(h) 5.25% tax on the remainder for the 2009 and subsequent
454	454		tax years. The decrease in the top marginal
455	455		individual income tax rate otherwise authorized by
456	456		this subparagraph shall be contingent upon the
457	457		determination required to be made by the State Board
458	458		of Equalization pursuant to Section 2355.1A of this
459	459		title.
460	460
461	461
462	462		Req. No. 1410 Page 7 1
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510	510
511	511		C. Individuals. For all taxable years beginning on or after
512	512		January 1, 2024 tax year 2024, a tax is hereby imposed upon the
513	513		Oklahoma taxable income of every resident or nonresident individual,
514	514		which tax shall be computed as follows:
515	515		1. Single individuals and married individuals filing
516	516		separately:
517	517		(a) 0.25% tax on first $1,000.00 or part thereof,
518	518		(b) 0.75% tax on next $1,500.00 or part thereof,
519	519		(c) 1.75% tax on next $1,250.00 or part thereof,
520	520		(d) 2.75% tax on next $1,150.00 or part thereof,
521	521		(e) 3.75% tax on next $2,300 .00 or part thereof, and
522	522		(f) 4.75% tax on the remainder.
523	523		2. Married individua ls filing jointly and surviving spouse to
524	524		the extent and in the manner that a surviving spouse is permitted to
525	525		file a joint return under the provisions of the Internal Revenue
526	526		Code of 1986, as amended, and heads of households as defined in the
527	527		Internal Revenue Code of 1986, as amended:
528	528		(a) 0.25% tax on first $2,000.00 or part thereof,
529	529		(b) 0.75% tax on next $3,000.00 or part thereof,
530	530		(c) 1.75% tax on next $2,500.00 or part thereof,
531	531		(d) 2.75% tax on next $2,300.00 or part thereof,
532	532		(e) 3.75% tax on next $4,600 .00 or part thereof, and
533	533		(f) 4.75% tax on the remainder.
534	534
535	535
536	536		Req. No. 1410 Page 8 1
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584	584
585	585		No deduction for federal income taxes paid shall be allowed to
586	586		any taxpayer to arrive at taxable income.
587	587		D. Individuals. For tax year 2025, a tax is hereby imposed
588	588		upon the Oklahoma taxable income of every resident or nonresident
589	589		individual, which tax shall be computed as follows:
590	590		1. Single individuals and married individuals filing
591	591		separately:
592	592		(a) 0.00% tax on first $2,5 00.00 or part thereof,
593	593		(b) 0.75% tax on next $1,250.00 or part thereof,
594	594		(c) 1.75% tax on next $1,150.00 or part thereof,
595	595		(d) 2.75% tax on next $2,300.00 or part thereof, and
596	596		(e) 3.75% tax on the remainder.
597	597		2. Married individuals filing jointly and survivi ng spouse to
598	598		the extent and in the manner that a surviving spouse is permitted to
599	599		file a joint return under the provisions of the Internal Revenue
600	600		Code of 1986, as amended, and heads of households as defined in the
601	601		Internal Revenue Code of 1986, as amended :
602	602		(a) 0.00% tax on first $5,000.00 or part thereof,
603	603		(b) 0.75% tax on next $2,5 00.00 or part thereof,
604	604		(c) 1.75% tax on next $2,300.00 or part thereof,
605	605		(d) 2.75% tax on next $4,600.00 or part thereof, and
606	606		(e) 3.75% tax on the remainder.
607	607		No deduction for fede ral income taxes paid shall be allowed to
608	608		any taxpayer to arrive at taxable income.
609	609
610	610
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659	659
660	660		E. Individuals. For tax year 2026, a tax is hereby imposed
661	661		upon the Oklahoma taxable income of every resident or nonresident
662	662		individual, which tax shall be computed as fo llows:
663	663		1. Single individuals and married individuals filing
664	664		separately:
665	665		(a) 0.00% tax on first $3,750.00 or part thereof,
666	666		(b) 0.75% tax on next $1,150.00 or part thereof,
667	667		(c) 1.75% tax on next $2,300.00 or part thereof, and
668	668		(d) 2.75% tax on the remainder.
669	669		2. Married individuals filing jointly and surviving spouse to
670	670		the extent and in the manner that a surviving spouse is permitted to
671	671		file a joint return under the provisions of the Internal Revenue
672	672		Code of 1986, as amended, and heads of households as defin ed in the
673	673		Internal Revenue Code of 1986, as amended:
674	674		(a) 0.00% tax on first $7 ,500.00 or part thereof,
675	675		(b) 0.75% tax on next $2,300.00 or part thereof,
676	676		(c) 1.75% tax on next $4,600.00 or part thereof, and
677	677		(d) 2.75% tax on the remainder.
678	678		No deduction for federal income taxes paid shall be allowed to
679	679		any taxpayer to arrive at taxable income.
680	680		F. Individuals. For tax year 2027, a tax is hereby imposed
681	681		upon the Oklahoma taxable income of every resident or nonresident
682	682		individual, which tax shall be computed as follows:
683	683
684	684
685	685		Req. No. 1410 Page 10 1
686	686		2
687	687		3
688	688		4
689	689		5
690	690		6
691	691		7
692	692		8
693	693		9
694	694		10
695	695		11
696	696		12
697	697		13
698	698		14
699	699		15
700	700		16
701	701		17
702	702		18
703	703		19
704	704		20
705	705		21
706	706		22
707	707		23
708	708		24
709	709		1
710	710		2
711	711		3
712	712		4
713	713		5
714	714		6
715	715		7
716	716		8
717	717		9
718	718		10
719	719		11
720	720		12
721	721		13
722	722		14
723	723		15
724	724		16
725	725		17
726	726		18
727	727		19
728	728		20
729	729		21
730	730		22
731	731		23
732	732		24
733	733
734	734		1. Single individuals and married individuals filing
735	735		separately:
736	736		(a) 0.00% tax on first $ 4,900.00 or part thereof,
737	737		(b) 0.75% tax on next $2,300.00 or part thereof, and
738	738		(c) 1.75% tax on the remainder.
739	739		2. Married individuals filing jointly and sur viving spouse to
740	740		the extent and in the manner that a surviving spouse is permitted to
741	741		file a joint return under the provisions of the Internal Revenue
742	742		Code of 1986, as amended, and heads of households as defined in the
743	743		Internal Revenue Code of 1986, as ame nded:
744	744		(a) 0.00% tax on first $ 9,800.00 or part thereof,
745	745		(b) 0.75% tax on next $4,600.00 or part thereof, and
746	746		(c) 1.75% tax on the remainder.
747	747		No deduction for federal income taxes paid shall be allowed to
748	748		any taxpayer to arrive at taxable income.
749	749		G. Individuals. For tax year 2028, a tax is hereby imposed
750	750		upon the Oklahoma taxable income of every resident or nonresident
751	751		individual, which tax shall be computed as follows:
752	752		1. Single individuals and married individuals filing
753	753		separately:
754	754		(a) 0.00% tax on first $7,200.00 or part thereof, and
755	755		(b) 0.75% tax on the remainder.
756	756		2. Married individuals filing jointly and surviving spouse to
757	757		the extent and in the manner that a surviving spouse is permitted to
758	758
759	759
760	760		Req. No. 1410 Page 11 1
761	761		2
762	762		3
763	763		4
764	764		5
765	765		6
766	766		7
767	767		8
768	768		9
769	769		10
770	770		11
771	771		12
772	772		13
773	773		14
774	774		15
775	775		16
776	776		17
777	777		18
778	778		19
779	779		20
780	780		21
781	781		22
782	782		23
783	783		24
784	784		1
785	785		2
786	786		3
787	787		4
788	788		5
789	789		6
790	790		7
791	791		8
792	792		9
793	793		10
794	794		11
795	795		12
796	796		13
797	797		14
798	798		15
799	799		16
800	800		17
801	801		18
802	802		19
803	803		20
804	804		21
805	805		22
806	806		23
807	807		24
808	808
809	809		file a joint return under the provisions of the Internal Re venue
810	810		Code of 1986, as amended, and heads of households as defined in the
811	811		Internal Revenue Code of 1986, as amended:
812	812		(a) 0.00% tax on first $ 14,400.00 or part thereof, and
813	813		(b) 0.75% tax on the remainder.
814	814		No deduction for federal income taxes paid shall be allowed to
815	815		any taxpayer to arrive at taxable income.
816	816		H. For tax year 2029 and subsequent tax years, there shall be
817	817		no tax imposed upon the Oklahoma taxable income of any resident or
818	818		nonresident individual.
819	819		I. Nonresident aliens. In lieu of the rates set forth in
820	820		subsection A above, there shall be imposed on nonresident aliens, as
821	821		defined in the Internal Revenue Code of 1986, as amended, a tax of
822	822		eight percent (8%) instead of thirty percent (30%) as used in the
823	823		Internal Revenue Code of 1986, as amended, with respect to the
824	824		Oklahoma taxable income of such nonresident aliens as deter mined
825	825		under the provision of the Oklahoma Income Tax Act.
826	826		Every payer of amounts covered by this subsection shall deduct
827	827		and withhold from such amounts paid each payee an amount equal to
828	828		eight percent (8%) thereof. Every payer required to deduct and
829	829		withhold taxes under this subsection shall for each quarterly period
830	830		on or before the last day of the month following the close of each
831	831		such quarterly period, pay over the amount so w ithheld as taxes to
832	832		the Oklahoma Tax Commission, and shall file a return with each such
833	833
834	834
835	835		Req. No. 1410 Page 12 1
836	836		2
837	837		3
838	838		4
839	839		5
840	840		6
841	841		7
842	842		8
843	843		9
844	844		10
845	845		11
846	846		12
847	847		13
848	848		14
849	849		15
850	850		16
851	851		17
852	852		18
853	853		19
854	854		20
855	855		21
856	856		22
857	857		23
858	858		24
859	859		1
860	860		2
861	861		3
862	862		4
863	863		5
864	864		6
865	865		7
866	866		8
867	867		9
868	868		10
869	869		11
870	870		12
871	871		13
872	872		14
873	873		15
874	874		16
875	875		17
876	876		18
877	877		19
878	878		20
879	879		21
880	880		22
881	881		23
882	882		24
883	883
884	884		payment. Such return shall be in such form as the Tax Commission
885	885		shall prescribe. Every payer required under this subsection to
886	886		deduct and withhold a tax from a payee shall, as to the total
887	887		amounts paid to each payee during the calendar year, furnish to such
888	888		payee, on or before January 31 , of the succeeding year, a written
889	889		statement showing the name of the payer, the name of the payee and
890	890		the payee’s Social Security ac count number, if any, the total amount
891	891		paid subject to taxation, and the total amount deducted and withheld
892	892		as tax and such other information as the Tax Commission may require.
893	893		Any payer who fails to withhold or pay to the Tax Commission any
894	894		sums herein required to be withheld or paid shall be personally and
895	895		individually liable therefor to the State of Oklahoma.
896	896		E. J. Corporations. For all taxable years beginning after
897	897		December 31, 2021, a tax is hereby imposed upon the Oklahoma taxable
898	898		income of every corporation doing business within this state or
899	899		deriving income from sources wi thin this state in an amount equal to
900	900		four percent (4%) thereof.
901	901		There shall be no additional Oklahoma income tax imposed on
902	902		accumulated taxable income or on undistributed person al holding
903	903		company income as those terms are defined in the Internal Revenue
904	904		Code of 1986, as amended.
905	905		F. K. Certain foreign corporations. In lieu of the tax imposed
906	906		in the first paragraph of subsection D J of this section, for all
907	907		taxable years beginnin g after December 31, 2021, there shall be
908	908
909	909
910	910		Req. No. 1410 Page 13 1
911	911		2
912	912		3
913	913		4
914	914		5
915	915		6
916	916		7
917	917		8
918	918		9
919	919		10
920	920		11
921	921		12
922	922		13
923	923		14
924	924		15
925	925		16
926	926		17
927	927		18
928	928		19
929	929		20
930	930		21
931	931		22
932	932		23
933	933		24
934	934		1
935	935		2
936	936		3
937	937		4
938	938		5
939	939		6
940	940		7
941	941		8
942	942		9
943	943		10
944	944		11
945	945		12
946	946		13
947	947		14
948	948		15
949	949		16
950	950		17
951	951		18
952	952		19
953	953		20
954	954		21
955	955		22
956	956		23
957	957		24
958	958
959	959		imposed on foreign corporations, as defined in the Internal Revenue
960	960		Code of 1986, as amended, a tax of four percent (4%) instead of
961	961		thirty percent (30%) as used in the Internal Revenue Code of 1986,
962	962		as amended, where such income is received from sources within
963	963		Oklahoma this state, in accordance with the provisions of the
964	964		Internal Revenue Code of 1986, as amended, and the Oklahoma Income
965	965		Tax Act.
966	966		Every payer of amounts covered by this subsection shall deduct
967	967		and withhold from such amounts paid each payee an amount equal to
968	968		four percent (4%) th ereof. Every payer required to deduct and
969	969		withhold taxes under this subsection shall for each quarterly period
970	970		on or before the last day of the month following the close of each
971	971		such quarterly period, pay over the amount so withheld as taxes to
972	972		the Tax Commission, and shall file a return with each such payment.
973	973		Such return shall be in such form as the Tax Commission shall
974	974		prescribe. Every payer required under this subsection to deduct and
975	975		withhold a tax from a payee shall, as to the total amounts paid to
976	976		each payee during the calendar year, furnish to such payee, on or
977	977		before January 31, of the succeeding year, a written statement
978	978		showing the name of the payer, the name of the p ayee and the payee’s
979	979		Social Security account number, if any, the total amounts paid
980	980		subject to taxation, the total amount deducted and withheld as tax ,
981	981		and such other information as the Tax Commission may require. Any
982	982		payer who fails to withhold or pay to the Tax Commission any sums
983	983
984	984
985	985		Req. No. 1410 Page 14 1
986	986		2
987	987		3
988	988		4
989	989		5
990	990		6
991	991		7
992	992		8
993	993		9
994	994		10
995	995		11
996	996		12
997	997		13
998	998		14
999	999		15
1000	1000		16
1001	1001		17
1002	1002		18
1003	1003		19
1004	1004		20
1005	1005		21
1006	1006		22
1007	1007		23
1008	1008		24
1009	1009		1
1010	1010		2
1011	1011		3
1012	1012		4
1013	1013		5
1014	1014		6
1015	1015		7
1016	1016		8
1017	1017		9
1018	1018		10
1019	1019		11
1020	1020		12
1021	1021		13
1022	1022		14
1023	1023		15
1024	1024		16
1025	1025		17
1026	1026		18
1027	1027		19
1028	1028		20
1029	1029		21
1030	1030		22
1031	1031		23
1032	1032		24
1033	1033
1034	1034		herein required to be withheld or paid shall be p ersonally and
1035	1035		individually liable therefor to the State of Oklahoma.
1036	1036		G. L. Fiduciaries. A tax is hereby imposed upon the Oklahoma
1037	1037		taxable income of every trust and estate at th e same rates as are
1038	1038		provided in subsection B or C subsections B through H of this
1039	1039		section for single individuals. Fiduciaries are not allowed a
1040	1040		deduction for any federal income tax paid.
1041	1041		H. M. Tax rate tables. For all taxable years beginning after
1042	1042		December 31, 1991, in lieu of the tax imposed by subsection A, B or
1043	1043		C subsections A through G of this section, as applicable there is
1044	1044		hereby imposed for each taxable year on the taxable income of every
1045	1045		individual, whose taxable income for such taxable year does not
1046	1046		exceed the ceiling amount, a tax determined under tables, applicable
1047	1047		to such taxable year which shall be prescribed by the Tax Commission
1048	1048		and which shall be in such form as it determines appropriate. In
1049	1049		the table so prescribed, the amounts of the tax shall be computed on
1050	1050		the basis of the rates prescribed by subsection A, B or C
1051	1051		subsections A through G of this section. For purposes of this
1052	1052		subsection, the term “ceiling amount” means, with respect to any
1053	1053		taxpayer, the amount determined by the Tax Commi ssion for the tax
1054	1054		rate category in which such taxpayer falls.
1055	1055		SECTION 2. This act shall become effective November 1, 2025.
1056	1056
1057	1057		60-1-1410 QD 12/30/2024 11:54:14 PM