Oklahoma · 2025 Regular Session · Bill
SB 48: Income tax; limiting certain capital gains deduction to certain tax years. Effective date.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 48 is a bill introduced in the Oklahoma Senate on February 3, 2025. According to its official title, it concerns: Income tax; limiting certain capital gains deduction to certain tax years. Effective date. Primary sponsor: Chad Caldwell (Republican), Dave Rader (Republican). Most recent recorded action (March 27, 2025): Remains on Third Reading.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Republican 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Chad Caldwell | Primary sponsor | Republican | House | 40 |
| Dave Rader | Primary sponsor | Republican | Senate | 39 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Remains on Third Reading
- Placed on Third Reading
- Motion to reconsider vote adopted: Ayes: 30 Nays: 12
- Notice served to reconsider vote on measure Rader
- Measure failed: Ayes: 21 Nays: 25
- Title stricken
- General Order, Amended
- Coauthored by Representative Caldwell (Chad) (principal House author)
- Placed on General Order
- Reported Do Pass Revenue and Taxation committee; CR filed
- Second Reading referred to Revenue and Taxation
- Authored by Senator Rader
Showing 12 most recent of 13 actions. Full history