HB 1923
Research and development; Oklahoma Research and Development Tax Incentive Act of 2025; effective date.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
House Bill 1923 establishes the Oklahoma Research and Development Tax Incentive Act of 2025, designed to encourage investment in research and development activities within the state. The bill creates a tax incentive for companies engaged in qualifying research and development projects. It also sets an effective date for the new law, beginning November 1, 2025. This legislation aims to stimulate innovation and economic growth through tax benefits for R&D activities.
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Primary sponsor
Alonso-Sandoval
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