This bill establishes a new state income tax credit aimed at encouraging the removal of feral swine, which are known to cause significant agricultural and ecological damage. The credit, codified as Section 2357.701 of Title 68 in the Oklahoma Statutes, allows taxpayers to claim a credit equal to 70% of the costs associated with purchasing qualified feral swine removal equipment. Eligible taxpayers include individuals and business entities that own at least 20 acres of land used primarily for agricultural purposes. However, businesses engaged in hunting or trapping feral swine for a fee are excluded from claiming this credit.

The bill also stipulates that the maximum credit amount a taxpayer can claim is $15,000 across all taxable years, and any unused credit can be carried over for up to five subsequent years. The legislation aims to mitigate the negative impacts of feral swine on agriculture and ecosystems, thereby promoting better land management practices. The effective date for this tax credit is set for November 1, 2025.