Oklahoma · 2026 Regular Session · Bill

SB 2055: Income tax; eliminating income tax for corporations owned by US citizens: eliminating privilege tax for banking institutions owned by US citizens. Effective date.

In committee Last action February 3, 2026: Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

Plain-language summary

SB 2055 is a bill introduced in the Oklahoma Senate on February 2, 2026. According to its official title, it concerns: Income tax; eliminating income tax for corporations owned by US citizens: eliminating privilege tax for banking institutions owned by US citizens. Effective date. Primary sponsor: Dusty Deevers (Republican). Most recent recorded action (February 3, 2026): Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee.

Sponsors

Primary sponsor: Dusty Deevers (Republican).