Oklahoma Amends Tax Law to Extend Equity Investment Deductions

The Oklahoma Legislature passed a law that amends existing tax legislation, maintaining income tax deductions for qualified equity investments, made by accredited investors in eligible Oklahoma venture capital companies for tax years 2022 through 2031. The law includes preserving the maximum deduction amount of $25,000,000 per taxable year and specific eligibility requirements for Oklahoma business ventures. The law takes effect Jan. 1, 2027. [H.B. 4028, enacted 05/03/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.