1 STATE OF OKLAHOMA
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2 2nd Session of the 59th Legislature (2024)
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3 HOUSE BILL 3504 By: Sneed
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6 AS INTRODUCED
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7 An Act relating to revenue and taxation; creating the
7 Oklahoma Feral Hog Trapping Tax Credit Act; providing
8 definitions; authorizing state income tax credit for
8 expenditures made for purchasing feral hog trapping
9 equipment; providing carryover of tax credit;
9 providing for noncodification; providing for
10 codification; and providing an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. NEW LAW A new section of law not to be
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15 codified in the Oklahoma Statutes reads as follows:
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16 This act shall be known and may be cited as the "Oklahoma Feral
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17 Hog Trapping Tax Credit Act".
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18 SECTION 2. NEW LAW A new section of law to be codified
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19 in the Oklahoma Statutes as Section 2357.701 of Title 68, unless
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20 there is created a duplication in numbering, reads as follows:
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21 A. As used in this section:
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22 1. "Agricultural damage" means the negative impact caused by
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23 the presence and activities of feral hogs. For the purposes of this
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24 paragraph, agricultural damage includes, but is not limited to, crop
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 1 destruction, pasture damage, soil erosion, damage to infrastructure,
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2 and disease transmission;
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3 2. "Ecological impacts" means the negative effects feral hogs
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4 have on natural ecosystems. For the purposes of this paragraph,
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5 ecological impacts includes, but is not limited to, crop damage,
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6 habitat destruction, soil and water contamination, and disruption of
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7 native wildlife;
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8 3. "Feral hog" means a domestic pig that has escaped or been
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9 released into the wild and has adapted to living and breeding in
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10 natural or semi-natural environments, or one that is descended from
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11 such animals;
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12 4. "Qualified expenses" means feral hog trapping equipment.
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13 For the purposes of this paragraph, feral hog trapping equipment
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14 includes drop-nets, rooter gates, panel traps, remote-controlled or
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15 camera operated traps, portable traps, or any tool or device
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16 specifically designed to capture or trap feral hogs; and
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17 5. "Taxpayer" means a natural person, general partnership,
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18 limited partnership, limited liability partnership, limited
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19 liability limited partnership, limited liability company,
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20 corporation, trust, estate or any other lawfully recognized entity.
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21 B. For taxable years beginning on or after January 1, 2025,
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22 there shall be allowed as a credit against the tax imposed pursuant
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23 to Section 2355 of Title 68 of the Oklahoma Statutes equal to one
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24 hundred percent (100.0%) for the cost of qualified expenses used to
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 1 control and manage feral hog populations, minimize agricultural
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2 damage caused by feral hogs, or mitigate ecological impacts caused
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3 by feral hogs.
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4 C. The credit authorized by this section may be claimed by a
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5 natural person or persons. In order for the credit to be claimed by
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6 a natural person or persons, the aggregate amount of land owned by
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7 the natural person or persons must be twenty (20) acres or more and
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8 a copy of the Schedule F filed with the federal income tax return
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9 for either the same taxable year for which the credit authorized by
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10 this section is being claimed or a copy of the Schedule F for the
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11 most recent federal income tax year for which a federal income tax
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12 return was filed shall be submitted with the claim for the credit.
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13 D. The credit authorized by this section may be claimed by a
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14 lawfully recognized business entity including, but not limited to, a
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15 general partnership, limited partnership, limited liability limited
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16 partnership, corporation or limited liability company if the claim
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17 for the credit is based on expenditures incurred by the business
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18 entity as otherwise provided by this section, the entity holds title
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19 to real property used primarily for agricultural purposes, and the
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20 aggregate amount of land owned by the business entity must be twenty
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21 (20) acres or more. The credit authorized by this section may not
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22 be claimed by a business entity engaged in the business of hunting,
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23 trapping or eradicating feral hogs or other animals.
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 1 E. The credit authorized by this section shall not be used to
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2 reduce the income tax liability of the taxpayer to less than zero
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3 (0).
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4 F. No taxpayer shall claim this credit otherwise authorized by
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5 this section for an amount in excess of Fifteen Thousand Dollars
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6 ($15,000.00) with respect to all taxable years.
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7 G. To the extent not used, the credit authorized by this
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8 section shall be allowed to carry over, in order, to each of the
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9 five (5) following taxable years.
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10 SECTION 3. This act shall become effective November 1, 2024.
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12 59-2-9552 AO 01/17/24
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