Budget & Taxes

passed · Oklahoma · House Apr 1, 2026

HB 2952: Revenue and taxation; motor vehicle excise tax; value of vehicle; effective date.

HB 2952 changes how Oklahoma calculates the tax on new vehicle purchases by requiring the motor vehicle excise tax to be based on the sales price minus any trade-in value. This directly affects vehicle buyers who use trade-ins, as the adjusted price (after subtracting trade-in credits) must now appear on the bill of sale. The bill mandates that sellers document this reduced value on the bill of sale or a prescribed form, rather than using the full sales price. It takes effect on July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces tax burden on vehicle buyers by basing excise tax on adjusted price after trade-in, providing direct tax relief per bill's calculation change.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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failed · Oklahoma · House Mar 23, 2026

HB 3178: Revenue and taxation; ad valorem; depreciation schedule; fair cash value; farm equipment and farm tractors; Oklahoma Tax Commission; effective date.

HB 3178 changes how farm equipment and tractors are valued for property tax in Oklahoma. It requires county assessors to apply a specific 25% annual depreciation schedule: 75% of original cost in year one, 50% in year two, 25% in year three, and zero value from year four onward. This applies to equipment used in agricultural production on farms owned, leased, or operated by the owner. The bill affects Oklahoma farmers who own qualifying equipment by reducing their property tax burden after three years. It takes effect January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces property tax burden on farmers via accelerated depreciation schedule, providing direct tax relief for agricultural equipment owners.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · Oklahoma · House Mar 5, 2026

HB 3698: Unstable housing; Student Eviction Assistance Revolving Fund; Oklahoma State Department of Education; indigent defense; forcible entry and detainer; requirements; report; audit; effective date.

HB 3698 creates the Student Eviction Assistance Revolving Fund within Oklahoma's State Department of Education to address housing instability affecting students. The fund provides legal representation for low-income families (indigent tenants) with children enrolled in pre-K through 12th grade facing eviction (forcible entry/detainer cases), with referrals required through their school district. Funding comes from state appropriations, federal grants, and donations, and is allocated across all 77 counties based on poverty rates and chronic absenteeism data. The bill mandates annual audits of legal service organizations, requires detailed expenditure reports to state leaders, and takes effect November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates state appropriations to fund the Student Eviction Assistance Revolving Fund, directly advancing public service funding through state budget resources.95% confidence ✓ EducationSupports EducationCreates Student Eviction Assistance Fund via State Department of Education to prevent housing instability-related absenteeism, directly supporting educational access for K-12 students.90% confidence ✓ HousingSupports HousingCreates Student Eviction Assistance Fund providing legal aid to low-income families facing eviction, directly protecting tenant rights and addressing housing instability for students.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · Oklahoma · House Mar 5, 2026

HB 3973: Office of Juvenile Affairs; facilities; Southwest Oklahoma Juvenile Center; Southwest Oklahoma Juvenile Center Reestablishment Revolving Fund; repealer; codification; effective date.

HB 3973 creates a "Southwest Oklahoma Juvenile Center Reestablishment Revolving Fund" in the state treasury to support the Office of Juvenile Affairs (OJA) in restoring the Southwest Oklahoma Juvenile Center in Manitou. The fund allows OJA to use these monies, along with other available funds, to plan, develop, and improve the facility for providing secure care and specialty residential services to Oklahoma youth. It authorizes the Office of Management and Enterprise Services (OMES) to accept properties (like the former facility) offered as gifts or at minimal cost to aid reestablishment. The bill repeals the prior governing section (10A O.S. 2021, Section 2-7-618) and takes effect July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state treasury fund to restore juvenile center, allocating budget resources for public service. Aligns with funding essential programs under Budget & Taxes.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed · Oklahoma · House Feb 26, 2026

HB 2140: Revenue and taxation; Ad Valorem Tax Code; definitions; classifications of property; valuation procedures; effective date.

HB 2140 changes how commercial buildings with unfinished interiors are taxed in Oklahoma. It requires county assessors to value such properties - those sold or leased for the new owner/tenant to complete interiors (e.g., flooring, ceilings) - based solely on the cost of construction materials before interior work, not the full building cost. This applies to commercial buildings constructed without final interior elements like finished walls or cabinetry, affecting property owners and contractors selling or leasing these spaces. The law takes effect January 1, 2026, directly impacting property tax assessments for these specific commercial properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces taxable value for commercial properties by excluding interior costs, lowering property tax burden on owners/contractors.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · Oklahoma · House Feb 12, 2026

HB 3311: Oklahoma Community Economic Development Pooled Finance Act; infrastructure pool limits; effective date.

HB 3311 increases the maximum funding limit for Oklahoma's Infrastructure Pool from $100 million to $125 million and establishes specific allocation rules for its use. It requires 65% of Infrastructure Pool funds to support local governments with populations under 300,000 (based on the latest census), while 35% can be used for any eligible local government regardless of size. The bill also modifies the Economic Development Pool similarly, allowing pooled financing for infrastructure and economic development projects across the state. Funds must finance authorized projects involving two or more local governments or public-private partnerships, with tax-exempt bond options subject to federal rules. The changes take effect November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases Infrastructure Pool funding limit from $100M to $125M with targeted allocation rules, advancing state budget allocation for infrastructure projects.95% confidence ✓ TransportationSupports TransportationBill increases infrastructure pool funding from $100M to $125M with specific allocation rules for transportation infrastructure projects, directly advancing transportation funding.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · Oklahoma · House Feb 9, 2026

HB 3126: Commissioners of the Land Office; Oklahoma State Regents for Higher Education; Concurrent Enrollment Revolving Fund; State Aid Formula; effective date; emergency.

HB 3126 redirects funds from Oklahoma's oil and gas lease revenues to create a dedicated revolving fund for concurrent enrollment programs, which allow high school students to take college courses. It requires the Commissioners of the Land Office to transfer bonus and delay rental income from oil and gas leases into a new "Concurrent Enrollment Revolving Fund," which can be invested to generate interest and provide ongoing funding. The Oklahoma State Regents for Higher Education must use these funds exclusively for concurrent enrollment, with no other purposes allowed. This ensures a stable, continuing source of support for high school students accessing college-level coursework.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects existing oil/gas lease revenues to fund concurrent enrollment programs, allocating state funds toward education without tax changes or cuts.92% confidence ✓ EducationSupports EducationRedirects oil/gas lease funds to create dedicated revolving fund for concurrent enrollment programs, expanding high school access to college courses and providing ongoing funding.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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vetoed · Oklahoma · House May 30, 2025

HB 2646: Revenue and taxation; adjustments; wagering; tax year; effective date.

HB 2646 eliminates a limitation on taxpayers deducting wagering income when calculating Oklahoma taxable income, directly affecting individuals and businesses claiming such deductions. The bill amends Oklahoma Statute 68 O.S. § 2358 to allow full itemization of wagering income without prior restrictions. It also updates statutory references and adjusts tax year calculations for net operating losses. The bill was referred to the Governor but received a pocket veto on June 15, 2025, meaning it did not become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill eliminates restrictions on wagering income deductions, reducing taxable income for affected taxpayers, providing tax relief per support indicators.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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vetoed · Oklahoma · House May 30, 2025

HB 1378: Revenue and taxation; sales tax exemptions; agriculture; definition to include timber; effective date.

HB 1378 would have expanded Oklahoma's sales tax exemptions for agriculture by adding timber to the definition of "agricultural products." This change would have exempted sales of timber (including timber products used in farming) from sales tax, directly affecting Oklahoma agricultural businesses, farmers, and timber producers. The bill amended existing tax code provisions that already exempted farm products, livestock, feed, fertilizer, machinery, and other agricultural supplies. However, the bill was vetoed by the Governor on June 10, 2025, and did not become law.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax exemptions for agricultural timber, providing tax relief to farmers and timber producers per bill summary.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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vetoed · Oklahoma · House May 30, 2025

HB 2753: Rural Jobs Act; cap on capital investment tax credits; participation; eligibility.

HB 2753 expands Oklahoma's Rural Jobs Act by adding a new $200 million annual pool of state tax credits for rural investments, effective July 1, 2025, beyond the existing $15 million annual cap. The bill requires that at least 10% of each investment must come from local sources like employees or affiliates, and sets a 90-day deadline for rural funds to secure capital after certification. It also establishes a 15-business-day timeline for the Department to determine if a business qualifies for investment, with automatic eligibility if no decision is made by day 20. This expansion aims to increase funding for rural economic development projects by making more tax credits available to eligible businesses and rural investment funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands state tax credits with $200M annual funding for rural investments, directly increasing fiscal support for economic development through tax incentives.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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