SB 1121 Oklahoma Senate · 2025 Regular Session

Taxation; creating the Joint Interim Committee on the Elimination of Ad Valorem Taxes; prescribing duties and powers; requiring submission of report. Effective date.

SB 1121 creates a temporary Joint Interim Committee to study replacing local property taxes (ad valorem taxes) with alternative revenue sources. The committee, composed of five Senate and five House members, will examine potential tax methods, calculate equivalent rates for local governments, assess economic impacts, and evaluate revenue redistribution needs. It must submit a final report with recommendations to the Legislature by July 1, 2028, after which the committee will be abolished. The bill does not change current tax laws but directs a formal study of options for local governments that rely on property tax revenue.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 26, 2025

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What changed between versions

SB1121 (3-06-25) (DEEVERS) FS FA1.PDF → Floor (Senate) · 4 edits

MODERATE

The bill was amended to add a conditional effective date, requiring Enrolled Senate Joint Resolution No. 12 to pass before this act takes effect. The committee composition and duties were streamlined, removing detailed study requirements while adding a reference to the state question. The effective date was moved from November 1, 2025 to July 1, 2028 for the report deadline, and the committee's abolition date was adjusted to January 1, 2030.

Scope change

The bill's scope was modified to make it contingent on the passage of another resolution (Senate Joint Resolution No. 12), which ties the elimination of ad valorem taxes to this committee's work.

REQUIREMENT

Added a conditional effective date clause requiring Enrolled Senate Joint Resolution No. 12 to become law before this act takes effect.

Removed detailed study requirements regarding alternative tax methods, average tax rate calculations, and redistribution mechanisms.

TIMELINE

Changed the report submission deadline from July 1, 2028 to July 1, 2028 (no change in date, but context shifted) and committee abolition date to January 1, 2030.

DEFINITION

Added reference to the state question proposed by Enrolled Senate Joint Resolution No. 12 in the committee's study mandate.

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Full legislative history

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Key actions

Committee

Feb 17, 2025

Upper · Passed

Reported Do Pass as amended Revenue and Taxation committee; CR filed

upper

Feb 3, 2025

Introduced

First Reading

upper

2 primary · 0 co-sponsors