Oklahoma 2026 Regular Session Status: In Committee 1 R cosponsors

SB 1988 — Wire transmission fee; increasing fee; modifying application; reauthorizing income tax credit. Effective date.

Last action — Failed in Committee - Public Safety

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

This bill is in committee in the Senate. Introduced February 02, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 4% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Failed a recorded vote

    Failed 1 recorded vote so far — a real headwind.

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

How this bill changes current law

4 changes Share ↗

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

The bill modifies the fees for money transmissions and updates the income tax credit for electronic funds transfer fees.

  • 63 O.S. 2021, Section 2-503.1j

    Five Dollars ($5.00) → Twenty Dollars ($20.00)

    Increases the fee for money transmissions not exceeding $500 from $5 to $20.

  • 63 O.S. 2021, Section 2-503.1j

    one percent (1%) → four percent (4%)

    Increases the fee percentage on amounts exceeding $500 from 1% to 4%.

  • 68 O.S. 2021, Section 2357.401

    tax years 2009 through 2016 → tax years 2009 through 2016 and 2027 and subsequent tax years

    Extends the tax years for which the income tax credit for electronic funds transfer fees can be claimed to include 2027 and onward.

  • This act shall become effective January 1, 2027.

    Sets the effective date of the changes to January 1, 2027.

Action History

  1. Failed in Committee - Public Safety

  2. Second Reading referred to Public Safety Committee then to Appropriations Committee

  3. Authored by Senator Guthrie

  4. First Reading

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 150 not signed on · 4 voted No

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (150)

150 members have not signed on to this bill.

Show all 150 →

"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

Subjects

taxation energy
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 1988?
SB 1988 is sponsored by Brian Guthrie (Republican).
What is the current status of SB 1988?
This bill is in committee in the Senate. Introduced February 02, 2026. It must pass committee before a floor vote.
Where can I track SB 1988?
Track SB 1988 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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