HB 3986·OK·house
Taxes; gross production tax; requiring certain completion methods for specific exemptions; effective date.
Signed into LawFiled Feb 2, 2026
Sponsor: Trey Caldwell (R)
Latest Action
Approved by Governor 05/12/2026
May 12, 2026
Summary
HB 3986 establishes a new Gross Production Tax Modernization Act, updating Oklahoma's gross production tax framework. The act is not codified in the statutes and will become effective on November 1, 2026. It applies to the state's gross production tax system.
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