Public finance; Ad Valorem Reimbursement Fund; school district revenue loss; state purchases; emergency.
HB 3972 creates a state "Ad Valorem Reimbursement Fund" to reimburse Oklahoma counties for property tax revenue losses caused by specific exemptions. It directly affects counties that lose revenue due to tax exemptions for new manufacturing facilities, veterans' homes (if exemptions exceed 0.8% of population), school district exemptions, buffer strip valuation changes, or state property purchases over $300 million (limited to two tax years). Counties must file claims by April 30 each year, with the Tax Commission reviewing them by June 15; reimbursements prioritize manufacturing exemptions and state property purchases before other claims. The fund is a revolving account with no fiscal year limits, and disbursements are exempt from standard spending caps. The bill takes immediate effect due to an emergency declaration.
Bill status
vetoed
4 of 5 stages cleared
Introduction
Feb 2026
Committee Review
May 2026
House Passage
May 2026
Senate Passage
Apr 2026
Vetoed
May 2026
Introduced Feb 2, 2026
Vetoed May 12, 2026
Maddy AI version diff · 4 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
4 edits
MODERATE
The bill was transitioned from the House floor version to the Senate floor version, incorporating specific amendments. The most significant substantive change is the addition of a new section (Section 2) declaring the bill's passage as immediately necessary for the preservation of the state, which is a procedural requirement for certain types of legislation. Additionally, the text was reorganized to include specific funding allocations for buffer strip valuation losses, and the document headers were updated to reflect the Senate's version.
Scope change
The bill's scope remains focused on the Ad Valorem Reimbursement Fund, but the addition of Section 2 introduces a procedural urgency clause that may affect the legislative timeline or require specific approval processes.
REQUIREMENT
Added Section 2 stating that the bill is immediately necessary for the preservation of the state, a common requirement for emergency or critical funding bills.
TECHNICAL
Updated document headers and page footers to reflect the Senate floor version and amended status, replacing the original House floor version markers.
Removed the original House-specific header information and replaced it with the Senate floor version title and date.
FISCAL
Inserted specific language regarding reimbursement for loss of revenue due to decreased valuation and assessment for buffer strips pursuant to Section 2817.2 of Title 68.
Floor votes · Senate Apr 27, 2026 · House Mar 25, 2026
How they voted
44–5
Passed · 1 other
Total votes 50
Apr 27, 2026
D
Democratic9
77% Yea
R
Republican41
90% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
31
Key actions
8
Committee
6
Amendments
1
May 12, 2026
Vetoed
Vetoed 05/12/2026
lower
May 6, 2026
Committee
Referred for enrollment
lower
May 6, 2026
Lower · Passed
Fourth Reading, Measure and Emergency Passed: Ayes: 83 Nays: 8
lower
May 6, 2026
Lower · Passed
SA's read, adopted
lower
Apr 28, 2026
Upper · Passed
Engrossed to House
upper
Apr 27, 2026
Committee
Referred for engrossment
upper
Apr 27, 2026
Upper · Passed
Measure and Emergency passed: Ayes: 42 Nays: 5
upper
Apr 27, 2026
Introduced
General Order, Amended
upper
Apr 6, 2026
Committee
Referred to Appropriations
upper
Apr 6, 2026
Upper · Passed
Reported Do Pass as amended Revenue and Taxation committee; CR filed
upper
Mar 26, 2026
Introduced
First Reading
upper
Mar 26, 2026
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 25, 2026
Committee
Referred for engrossment
lower
Mar 25, 2026
Lower · Passed
Third Reading, Measure and Emergency passed: Ayes: 82 Nays: 11
lower
Feb 25, 2026
Lower · Passed
CR; Do Pass, as amended, Appropriations and Budget Committee
lower
Feb 2, 2026
Introduced
First Reading
lower
2 primary · 0 co-sponsors
Sponsors
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