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OK SB1574

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Casey Murdock

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Increases the annual cap on Oklahoma Affordable Housing Tax Credits from $4 million to $8 million for allocation years beginning on or after July 1, 2026
  • Tax credits remain available to persons, firms, corporations, insurance companies, and financial institutions investing in qualified low-income housing projects
  • State tax credits cannot exceed the amount of federal low-income housing tax credits for a qualified project
  • Unused credits may be carried forward for two subsequent taxable years
  • Effective date: November 1, 2026

Legislative Description

Oklahoma Affordable Housing Act; increasing tax credit allocation limit. Effective date.

Last Action

Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

2/3/2026

Committee Referrals

Revenue and Taxation2/3/2026

Full Bill Text

No bill text available