Oklahoma 2026 Regular Session Status: Enacted 2 R cosponsors

SB 573 — Small business incubators; requiring submission of certain information to the Oklahoma Commerce Department to qualify for certain income tax exemption. Effective date.

Last action — Becomes law without Governor's signature 05/14/2025

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 03, 2025. Enacted.

Signed by Governor Kevin Stitt (Republican) on May 14, 2025.

Prognosis

Likely to advance 74% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 2 sponsors

    2 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 R).

  • Cleared a recorded vote

    Passed 6 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

68 added · 75 removed

Plain-language change summary

The updated version of Bill SB 573 includes modifications that continue to grant a state income tax exemption to small business tenants within incubators for up to ten years, even after they leave the incubator. Additionally, it clarifies the requirement for tenants to maintain at least 75% of their gross sales from primary business activities to fully qualify for the exemption during the later years. These changes make it easier for businesses to benefit from tax relief, potentially supporting their growth and sustainability in Oklahoma.

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ENGROSSED SENATE BILL NO.
An Act ENROLLED SENATE BILL NO.
Rader of the Senate and Pae of the House 5 An Act relating to small business incubators;
Rader of the Senate and Pae of the House An Act relating to small business incubators;
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SUBJECT:
Small business incubator income tax exemption BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
The exemption provided by this section shall remain in effect for such activities by such tenant after the date ENGR.
The exemption provided by this section shall remain in effect for such activities by such tenant after the date the tenant is no longer an occupant in an incubator, but not to exceed a total duration of ten (10) years for any tenant.
S.
NO.
573 Page 1 the tenant is no longer an occupant in an incubator, but not to exceed a total duration of ten (10) years for any tenant.
B.
ENGR.
4.
S.
B.
NO.
573 Page 2 4.
Passed the Senate the 12th day of March, 2025.
ENR.
Presiding Officer of the Senate Passed the House of Representatives the ____ day of __________, 2025.
S.
Presiding Officer of the House of Representatives ENGR.
B.
NO.
573 Page 2 Passed the Senate the 12th day of March, 2025.
Presiding Officer of the Senate Passed the House of Representatives the 6th day of May, 2025.
Presiding Officer of the House of Representatives OFFICE OF THE GOVERNOR Received by the Office of the Governor this ____________________ day of ___________________, 20_______, at _______ o'clock _______ M.
By:
_________________________________ Approved by the Governor of the State of Oklahoma this _________ day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________ Governor of the State of Oklahoma OFFICE OF THE SECRETARY OF STATE Received by the Office of the Secretary of State this __________ day of __________________, 20 _______, at _______ o'clock _______ M.
By:
_________________________________ ENR.
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How this bill changes current law

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AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill modifies the requirements for small business incubator tenants to qualify for a state income tax exemption by adding new reporting obligations.

  • 74 O.S. 2021, Section 5078

    For tax year 2026 and subsequent tax years, following the first tax year a tenant is provided the exemption pursuant to subsection A of this section, in order to continue to qualify for the exemption, the tenant shall submit information on a form prescribed by the Oklahoma Department of Commerce which shall include, but not be limited to, the following: 1. Employment levels, including full-time-equivalent levels and the ratio of part-time employees to full-time employees; 2. Interns employed; 3. Payments to subcontractors and their purpose; 4. Estimated gross annual revenues; 5. Estimated annual costs for property and services; 6. A statement of any additional financial assistance, incentives, credits, or exemptions provided by this state or any political subdivision of this state; and 7. A statement of any taxable income exempted pursuant to this subsection in the previous tax year.

    This addition requires tenants to submit specific information to maintain their income tax exemption after the initial grant period.

Action History

  1. Becomes law without Governor's signature 05/14/2025

  2. Sent to Governor

  3. Signed, returned to Senate

  4. Enrolled, to House

  5. Referred for enrollment

  6. Signed, returned to Senate

  7. Third Reading, Measure passed: Ayes: 73 Nays: 18

  8. General Order

  9. CR; Do Pass Appropriations and Budget Committee

  10. Recommendation to the full committee; Do Pass Appropriations and Budget Natural Resources Subcommittee

  11. Referred to Appropriations and Budget Natural Resources Subcommittee

  12. Second Reading referred to Appropriations and Budget

  13. First Reading

  14. Engrossed to House

  15. Referred for engrossment

  16. Measure passed: Ayes: 44 Nays: 0

  17. General Order, Considered

  18. Placed on General Order

  19. Coauthored by Representative Pae (principal House author)

  20. Reported Do Pass Economic Development, Workforce and Tourism committee; CR filed

  21. Second Reading referred to Economic Development, Workforce and Tourism

  22. Authored by Senator Rader

  23. First Reading

Sponsors

Sponsorship breakdown

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2 sponsors · 0 co-sponsors · 149 not signed on · 18 voted No

Sponsors (2)

Co-sponsors (0)

None.

Not signed on (149)

149 members have not signed on to this bill.

Show all 149 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Third Reading

Passed 73 Yea · 18 Nay · 7 Other
Party YeaNayPresentNot Voting
Republican 561706
Democrat 14000
Unaffiliated 3102
Total 731808
% of votes cast 74%18%0%8%
How each member voted (99)
Member Party Vote
Bennett — Yea
Pittman — Yea
Mr. Speaker — Yea
Alonso-Sandoval — Not Voting
VACANCY: — Not Voting
Crosswhite Hader — Nay
Andy Fugate Democrat Yea
Annie Menz Democrat Yea
Cyndi Munson Democrat Yea
Ellen Pogemiller Democrat Yea
Ellyn Hefner Democrat Yea
Jacob Rosecrants Democrat Yea
Jared Deck Democrat Yea
John Waldron Democrat Yea
Melissa Provenzano Democrat Yea
Meloyde Blancett Democrat Yea
Michelle McCane Democrat Yea
Mickey Dollens Democrat Yea
Suzanne Schreiber Democrat Yea
Trish Ranson Democrat Yea
Anthony Moore Republican Yea
Bob Ed Culver Republican Yea
Brad Boles Republican Yea
Brian Hill Republican Yea
Carl Newton Republican Yea
Chad Caldwell Republican Yea
Chris Banning Republican Not Voting
Chris Kannady Republican Not Voting
Chris Sneed Republican Nay
Chuck Hall Republican Yea
Clay Staires Republican Yea
Cody Maynard Republican Yea
Collin Duel Republican Yea
Cynthia Roe Republican Yea
Daniel Pae Republican Yea
Danny Sterling Republican Yea
Danny Williams Republican Nay
David Hardin Republican Nay
David Smith Republican Nay
Dell Kerbs Republican Yea
Derrick Hildebrant Republican Nay
Dick Lowe Republican Yea
Eddy Dempsey Republican Yea
Emily Gise Republican Yea
Eric Roberts Republican Yea
Erick Harris Republican Yea
Gabe Woolley Republican Nay
George Burns Republican Yea
Gerrid Kendrix Republican Yea
Jack Stewart Republican Yea
Jason Blair Republican Yea
Jay Steagall Republican Nay
Jim Grego Republican Not Voting
Jim Olsen Republican Nay
Jim Shaw Republican Nay
John George Republican Yea
John Kane Republican Nay
John Pfeiffer Republican Yea
Jonathan Wilk Republican Yea
Josh Cantrell Republican Yea
Josh West Republican Yea
Judd Strom Republican Yea
Justin Humphrey Republican Nay
Ken Luttrell Republican Yea
Kenton Patzkowsky Republican Nay
Kevin West Republican Nay
Marilyn Stark Republican Yea
Mark Chapman Republican Yea
Mark Lawson Republican Not Voting
Mark Lepak Republican Yea
Mark Tedford Republican Yea
Max Wolfley Republican Nay
Mike Dobrinski Republican Yea
Mike Kelley Republican Yea
Mike Lay Republican Yea
Mike Osburn Republican Yea
Molly Jenkins Republican Nay
Neil Hays Republican Nay
Nick Archer Republican Yea
Nicole Miller Republican Yea
Preston Stinson Republican Yea
Rande Worthen Republican Yea
Rick West Republican Not Voting
Robert Manger Republican Yea
Ronny Johns Republican Yea
Ross Ford Republican Yea
Rusty Cornwell Republican Yea
Ryan Eaves Republican Yea
Scott Fetgatter Republican Yea
Stacy Jo Adams Republican Yea
Stan May Republican Yea
Steve Bashore Republican Yea
T.J. Marti Republican Yea
Tammy Townley Republican Yea
Tammy West Republican Yea
Tim Turner Republican Yea
Tom Gann Republican Nay
Toni Hasenbeck Republican Not Voting
Trey Caldwell Republican Yea

Official roll call →

Appropriations And Budget Committee: Do Pass

Passed 27 Yea · 0 Nay
Party YeaNayPresentNot Voting
Republican 22000
Unaffiliated 1000
Democrat 4000
Total 27000
% of votes cast 100%0%0%0%
How each member voted (27)
Member Party Vote
Bennett — Yea
Andy Fugate Democrat Yea
Cyndi Munson Democrat Yea
Melissa Provenzano Democrat Yea
Meloyde Blancett Democrat Yea
Brian Hill Republican Yea
Chad Caldwell Republican Yea
Daniel Pae Republican Yea
Danny Sterling Republican Yea
Dell Kerbs Republican Yea
George Burns Republican Yea
Gerrid Kendrix Republican Yea
Jim Grego Republican Yea
John Kane Republican Yea
John Pfeiffer Republican Yea
Josh West Republican Yea
Judd Strom Republican Yea
Kevin West Republican Yea
Mark Lawson Republican Yea
Mike Osburn Republican Yea
Nicole Miller Republican Yea
Robert Manger Republican Yea
Ross Ford Republican Yea
Scott Fetgatter Republican Yea
Steve Bashore Republican Yea
Tammy West Republican Yea
Trey Caldwell Republican Yea

Official roll call →

Appropriations And Budget Natural Resources Subcommittee: Do Pass

Passed 10 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 1000
Republican 8000
Democrat 1000
Total 10000
% of votes cast 100%0%0%0%
How each member voted (10)
Member Party Vote
Alonso-Sandoval — Yea
Melissa Provenzano Democrat Yea
Carl Newton Republican Yea
Chuck Hall Republican Yea
David Smith Republican Yea
Jim Grego Republican Yea
Jim Shaw Republican Yea
Jonathan Wilk Republican Yea
Kenton Patzkowsky Republican Yea
Tammy Townley Republican Yea

Official roll call →

Third Reading

Passed 44 Yea · 0 Nay · 3 Other
Party YeaNayPresentNot Voting
Republican 36003
Democrat 8000
Total 44003
% of votes cast 94%0%0%6%
How each member voted (47)
Member Party Vote
Carri Hicks Democrat Yea
Jo Anna Dossett Democrat Yea
Julia Kirt Democrat Yea
Mark Mann Democrat Yea
Mary B. Boren Democrat Yea
Michael Brooks Democrat Yea
Nikki Nice Democrat Yea
Regina Goodwin Democrat Yea
Aaron Reinhardt Republican Yea
Adam Pugh Republican Yea
Ally Seifried Republican Yea
Avery Frix Republican Yea
Bill Coleman Republican Yea
Brenda Stanley Republican Yea
Brent Howard Republican Yea
Brian Guthrie Republican Yea
Casey Murdock Republican Not Voting
Christi Gillespie Republican Not Voting
Chuck Hall Republican Yea
Dana Prieto Republican Yea
Darcy Jech Republican Yea
Dave Rader Republican Yea
David Bullard Republican Yea
District 24 Republican Yea
Dusty Deevers Republican Yea
George Burns Republican Yea
Grant Green Republican Not Voting
Jack Stewart Republican Yea
Jerry Alvord Republican Yea
John Haste Republican Yea
Jonathan Wingard Republican Yea
Julie Daniels Republican Yea
Julie McIntosh Republican Yea
Kelly Hines Republican Yea
Kendal Sacchieri Republican Yea
Kristen Thompson Republican Yea
Lisa Standridge Republican Yea
Lonnie Paxton Republican Yea
Micheal Bergstrom Republican Yea
Paul Rosino Republican Yea
Randy Grellner Republican Yea
Roland Pederson Republican Yea
Shane Jett Republican Yea
Spencer Kern Republican Yea
Todd Gollihare Republican Yea
Tom Woods Republican Yea
Warren Hamilton Republican Yea

Official roll call →

Advance

Passed 43 Yea · 0 Nay · 4 Other
Party YeaNayPresentNot Voting
Republican 35004
Democrat 8000
Total 43004
% of votes cast 91%0%0%9%
How each member voted (47)
Member Party Vote
Carri Hicks Democrat Yea
Jo Anna Dossett Democrat Yea
Julia Kirt Democrat Yea
Mark Mann Democrat Yea
Mary B. Boren Democrat Yea
Michael Brooks Democrat Yea
Nikki Nice Democrat Yea
Regina Goodwin Democrat Yea
Aaron Reinhardt Republican Yea
Adam Pugh Republican Yea
Ally Seifried Republican Yea
Avery Frix Republican Yea
Bill Coleman Republican Yea
Brenda Stanley Republican Yea
Brent Howard Republican Yea
Brian Guthrie Republican Yea
Casey Murdock Republican Not Voting
Christi Gillespie Republican Not Voting
Chuck Hall Republican Not Voting
Dana Prieto Republican Yea
Darcy Jech Republican Yea
Dave Rader Republican Yea
David Bullard Republican Yea
District 24 Republican Yea
Dusty Deevers Republican Yea
George Burns Republican Yea
Grant Green Republican Not Voting
Jack Stewart Republican Yea
Jerry Alvord Republican Yea
John Haste Republican Yea
Jonathan Wingard Republican Yea
Julie Daniels Republican Yea
Julie McIntosh Republican Yea
Kelly Hines Republican Yea
Kendal Sacchieri Republican Yea
Kristen Thompson Republican Yea
Lisa Standridge Republican Yea
Lonnie Paxton Republican Yea
Micheal Bergstrom Republican Yea
Paul Rosino Republican Yea
Randy Grellner Republican Yea
Roland Pederson Republican Yea
Shane Jett Republican Yea
Spencer Kern Republican Yea
Todd Gollihare Republican Yea
Tom Woods Republican Yea
Warren Hamilton Republican Yea

Official roll call →

Subjects

taxation labor
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Frequently asked questions

Who sponsors SB 573?
SB 573 is sponsored by Dave Rader (Republican) and Daniel Pae (Republican).
What is the current status of SB 573?
This bill has been enacted into law. Introduced February 03, 2025. Enacted.
Where can I track SB 573?
Track SB 573 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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