House Bill 3548 would create the Oklahoma Youth Entrepreneurs Promotion and Development Act of 2026. If enacted, it would be offered beginning in tax year 2027.
“Entrepreneurship is a cornerstone of our nation and the backbone of our state’s economy,” Maynard said. “This legislation encourages Oklahoma youth to start and maintain businesses that could benefit them in numerous ways, from saving for their own education to providing the first step for business ownership in their future.”
Maynard said the legislation complements Gov. Stitt’s recently signed Executive Order 2026-04, which makes it easier for entrepreneurs to start and grow businesses in Oklahoma. Key actions of the governor’s order include the exploration of tax waivers for startups and fairer access to state contracts for young businesses. Reports on fees, taxes, education and contracts are to be shared with legislative leaders by the end of our legislative session.
HB3548 would exempt from tax the sales of tangible personal property or services made by a business that is owned and operated primarily by one or more individuals who have not attained 18 years of age, who are conducting such business as a sole proprietorship and not through any other legal entity.
The exemption would extend only if the business receives limited assistance from adults in the form of supervision, transportation, safety oversight or other incidental support that does not constitute material management or operation of the business; if the business generates gross revenue of less than $1,000 during the calendar year; and if the business operates only on private property with the consent of the owner or lawful possessor of the property, or as part of a community event that separately registers youth vendors.
This tax exemption shall not apply if an adult exercises primary control over the business decisions, management, or operations or if the business is materially operated for the benefit of any adult.
The measure has been first read in the House and awaits assignment to a committee.
Cody Maynard serves District 21 in the Oklahoma House of Representatives. His district includes parts of Bryan and Marshall counties.
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