HB 2755
Revenue and taxation; tax credits; biomedical and cancer research; effective date.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill modifies the state tax credit available for donations to biomedical and cancer research institutes in Oklahoma. It adjusts the annual limits on the amount of the credit, increasing the cap for cancer research credits and decreasing the cap for biomedical research credits over time. The bill also establishes new credit limits for tax years beginning in 2026 and beyond, and clarifies the definition of ‘independent biomedical research institute’ and ‘cancer research institute’ to ensure eligibility. It also addresses carryover of unused credits.
Sponsors
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Primary sponsor
Caldwell (Trey)
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