HB1580 • 2026

Revenue and taxation; income tax credit; eligible energy efficient residential properties; effective date.

Budget Energy Taxes

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Lawson
Last action: 2026-02-06
Official status: Referred to Appropriations and Budget Finance Subcommittee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Revenue and taxation; income tax credit; eligible energy efficient residential properties; effective date.

What This Bill Does

Revenue and taxation; income tax credit; eligible energy efficient residential properties; effective date.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Proposed Committee Substitute (sub committee) 1

None

Filed

Plain English: HB1580 SUBPCS1 Mark Lawson-AO 2/10/2026 8:55:57 am AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: Mark Lawson Adopted: _____________________________ ______________________________________ Reading Clerk COMMITTEE AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend HB1580 Of the printed Bill Page Section Lines Of the Engrossed Bill By deleting the content of the entire measure, and by inserting in lieu thereof the following language: Req.

HB1580 SUBPCS1 Mark Lawson-AO 2/10/2026 8:55:57 am AMEND TITLE TO CONFORM TO AMENDMENTS Amendment submitted by: Mark Lawson Adopted: _____________________________ ______________________________________ Reading Clerk COMMITTEE AMENDMENT HOUSE OF REPRESENTATIVES State of Oklahoma SPEAKER: CHAIR: I move to amend HB1580 Of the printed Bill Page Section Lines Of the Engrossed Bill By deleting the content of the entire measure, and by inserting in lieu thereof the following language: Req.
No.
16063 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 2nd Session of the 60th Legislature (2026) PROPOSED SUBCOMMITTEE SUBSTITUTE FOR HOUSE BILL NO.
1580 By: Lawson PROPOSED SUBCOMMITTEE SUBSTITUTE An Act relating to revenue and taxation; providing income tax credits for builders who construct eligible energy-efficient residential properties; defining terms; providing how often credits may be claimed; providing for carryover; providing for transferability of tax credits; providing for codification; and providing an effective date.

Bill History

2026-02-06 House
Referred to Appropriations and Budget Finance Subcommittee
2026-02-04 House
Withdrawn from Rules Committee
2026-02-04 House
Referred to Appropriations and Budget
2025-02-04 House
Second Reading referred to Rules
2025-02-03 House
First Reading
2025-02-03 House
Authored by Representative Lawson

Official Summary Text

Revenue and taxation; income tax credit; eligible energy efficient residential properties; effective date.

Current Bill Text

Read the full stored bill text

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STATE OF OKLAHOMA

1st Session of the 60th Legislature (2025)

HOUSE BILL 1580 By: Lawson

AS INTRODUCED

An Act relating to revenue and taxation; providing
income tax credits for builders who construct
eligible energy efficient residential properties;
defining terms; providing how often credits may be
claimed; providing for carry over; providing for
transferability of tax credits; providing for
codification; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2357.701 of Title 68, unless
there is created a duplication in numbering, reads as follows:
A. As used in this section:
1. "Eligible energy efficient residential property" means a
newly constructed residential property that is constructed in
Oklahoma and is completed on or after January 1, 2026; and
2. "Taxpayer" means a builder who constructed the eligible
energy efficient residential property, or if one or more taxpayer
qualifies as the builder, the primary contractor.

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B. For taxable years beginning on or after January 1, 2026,
there shall be allowed as a credit against the tax imposed pursuant
to Section 2355 of Title 68 of the Oklahoma Statutes in the amount
of:
1. Two Thousand Dollars ($2,000.00) for any eligible energy
efficient residential property constructed and certified as meeting
the United States Environmental Protection Agency's Energy Star
Homes program; and
2. Four Thousand Dollars ($4,000.00) for any eligible energy
efficient residential property constructed and certified as meeting
the United States Department of Energy's Zero Energy Ready Homes
program.
C. The credits provided for in subsection B of this section may
each only be claimed once by the taxpayer during the tax year when
the property was completed.
D. If the credits provided for in subsection B of this section
exceed the amount of income taxes due, or if the taxpayer does not
have Oklahoma income tax liability on a particular tax year, the
amount of the each tax credit allowed, but not used in any tax year
may be carried over as a credit against subsequent tax liability for
a period not exceeding four (4) years following the completion of
the property.

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E. The earned credits provided for in subsection B of this
section, to the extent not previously utilized, shall be permitted
to be freely transferrable to subsequent transferees.
SECTION 2. This act shall become effective January 1, 2026.

60-1-10966 AO 01/13/25