OKLAHOMA CITY, OK – Oklahoma employers are about to get a tax break. New legislation championed by the Oklahoma Employment Security Commission takes a strategic step towards boosting economic growth by reducing the SUTA tax burden on all Oklahoma businesses.
Senate Bill 911, which takes effect November 1, 2025, is a statewide tax decrease for all employers. This new law reduces the taxable wage base and tax rate table used to calculate the taxes each business pays to the State’s unemployment trust fund. These forward-looking changes position OESC to support workers in times of economic hardship while at the same time decreasing the burden on employers. The reduction of the tax rate table lowers the upper limit rate by almost 3%, decreasing the risk and volatility of insurance rate hikes and providing a more predictable and advantageous economic environment for businesses in Oklahoma.
"This legislation is a huge win for Oklahoma’s economy. It lowers operating costs for thousands of Oklahoma businesses and makes the State more attractive for new business investment" said Trae Rahill, CEO of the Oklahoma Employment Security Commission.
"The agency has never introduced a tax reduction for all employers in the State. I’m so proud of our team for continuing to find ways to improve service to Oklahomans and make smarter updates to these programs."
The bill was authored by Senator Bill Coleman (R-Ponca City) and Representative Mark Tedford (R-Tulsa), both of whom sponsored interim studies last fall to give the public a look at this idea.
"It’s a real pleasure getting to work with legislators who dig in to understand the work. They were perfect partners in getting this bill across the finish line, and it passed unanimously out of the House and Senate," said Rahill. "We have a lot more work to do at OESC, but it feels great to play a direct role in creating economic growth for our State."
