Budget & Taxes

signed · Oklahoma · Senate May 7, 2025

SB 249: Oklahoma Tourism Development Act; increasing cumulative inducement per year. Effective date.

This bill amends the Oklahoma Tourism Development Act to increase the cumulative inducement amount that can be provided annually for tourism promotion. It directly affects state agencies responsible for developing and marketing Oklahoma as a travel destination. The key provision allows for a higher annual budget allocation to incentivize tourism growth through financial incentives. The bill became law on May 7, 2025, without requiring the Governor's signature.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill increases state budget allocation for tourism promotion, directly funding government programs and economic development initiatives.85% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

signed · Oklahoma · House May 6, 2025

HB 1392: Counties and county officers; county treasurer fee; effective date.

HB 1392 increases the fee county treasurers charge for certifying mortgages from $5 to $10 per mortgage. This fee, paid by mortgage borrowers, lenders, or other interested parties, will be deposited into a dedicated "County Treasurer's Mortgage Certification Fee Account" and used solely for operating the treasurer's office. The bill modifies existing mortgage tax rates based on loan term length but focuses the main change on the certification fee increase. It becomes effective November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases mortgage certification fee to fund county treasurer's office operations, providing dedicated revenue stream for government function.85% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

passed · Oklahoma · Senate Apr 10, 2025

SB 820: Oklahoma Five Major Sports Leagues Rebate Program Act; expanding sports leagues eligible for incentives. Effective date.

SB 820 expands Oklahoma's sports league rebate program to include the WNBA, WPF, and NWSL, in addition to the existing NFL, NBA, NHL, and MLB. It allows qualifying professional sports teams (with specific payroll and employment thresholds) to receive quarterly rebates based on verified in-state payroll, capped at $10 million annually per team. The rebate requires teams to maintain operations in Oklahoma for eligibility and repay funds if they leave within three years. The bill is currently under review by the Appropriations and Budget Finance Subcommittee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax rebates for sports leagues, directly impacting tax policy and state spending through a targeted incentive program.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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passed · Oklahoma · Senate Apr 8, 2025

SB 572: Oklahoma Center for the Advancement of Science and Technology; requiring the cessation of the technology business financing program; directing transfer of remaining funds. Effective date.

SB 572 ends Oklahoma's technology business financing program, which previously provided funding to help local businesses commercialize innovations. The bill requires all remaining program funds and annual royalty payments (from businesses that received funding) to be transferred to the state's General Revenue Fund by November 1, 2025. This affects OCAST (the Oklahoma Center for the Advancement of Science and Technology), businesses that had received program funding, and state finances. The program officially ceases upon the bill's effective date, redirecting all unused funds to general state revenue.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds OCAST program by transferring remaining funds to General Revenue Fund instead of program-specific use, ending targeted business innovation funding.92% confidence ✗ TechnologyOpposes TechnologyEnds tech business financing program, transferring funds to General Revenue Fund, defunding innovation support for technology businesses.95% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Mar 24, 2025

SB 234: Income tax credit; providing credit for certain qualified expenditures on adaptive reuse project. Effective date.

This Oklahoma bill creates a tax credit program to encourage converting old, vacant buildings into housing. Property owners can claim up to 50% of qualified costs (like environmental cleanup, code upgrades, or system repairs) for adaptive reuse projects on structures at least 30 years old that have been vacant or underutilized (with rent below 50% of market rate). The program has a $5 million annual cap on approved credits, with unused funds carried forward to future years. Credits cannot reduce tax liability below zero but may be carried forward for up to 10 years. The Oklahoma Department of Commerce and Tax Commission will administer the program and prioritize projects based on local housing needs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for property owners, reducing tax liability to incentivize adaptive reuse projects, aligning with tax relief support for housing development.90% confidence ✓ EnvironmentSupports EnvironmentBill explicitly includes 'environmental cleanup' as a qualified cost for tax credits, directly advancing environmental protection through adaptive reuse projects.85% confidence ✓ HousingSupports HousingCreates tax credit for adaptive reuse of vacant buildings into housing with rent below 50% market rate, directly advancing affordable housing development.92% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Mar 10, 2025

SB 678: Ad valorem tax collections; creating the Centrally Assessed Ad Valorem Volatility Reimbursement Fund; prescribing qualifications and reimbursement amount. Effective date. Emergency.

SB 678 creates a state fund to reimburse Oklahoma counties for lost property tax revenue when centrally assessed properties (like oil/gas facilities) decrease in value. Counties qualify if they lose at least $250,000 in annual tax collections from these properties, receiving 25% of the loss for the first two years after the valuation drop. Reimbursement funds prioritize school districts first, with remaining funds going to counties. The bill appropriates $2 million from the General Revenue Fund to start the fund, effective July 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state fund to reimburse counties for lost property tax revenue from valuation drops, stabilizing local budgets and prioritizing school districts with $2M appropriation.95% confidence ✓ EducationSupports EducationPrioritizes school districts for reimbursement funds, maintaining education funding from property tax losses.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Mar 10, 2025

SB 367: Income tax; modifying calculation of the Oklahoma earned income tax credit. Effective date.

SB 367 modifies Oklahoma's earned income tax credit (EITC) calculation for tax years 2022 through 2025. It sets the state credit at 5% of the federal EITC amount and requires that the maximum credit be prorated based on how much a taxpayer's Oklahoma-adjusted gross income compares to their federal adjusted gross income. This change directly affects low-to-moderate income Oklahoma residents who claim the state EITC on their tax returns. The bill takes effect November 1, 2025.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces Oklahoma EITC benefit to 5% of federal credit and prorates max amount, directly weakening tax relief for low-income taxpayers.90% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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died · Oklahoma · Senate Mar 3, 2025

SB 72: Sales Tax Relief Act; modifying authorized claim amounts for certain years. Effective date.

SB 72 updates Oklahoma's Sales Tax Relief Act to adjust income thresholds and refund amounts for low-income residents filing for sales tax refunds. For 2025 and beyond, single filers without dependents or special circumstances may claim up to $200 annually if their household income is under $35,000 (or $100 under $40,000). Individuals with dependents, disabilities, or who are 65+ may claim up to $200 under $45,000 (or $150 under $50,000). The bill directly affects Oklahoma residents meeting these income criteria who file annual sales tax relief claims.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct sales tax refunds to low-income residents, reducing their tax burden through adjusted income thresholds for qualifying groups.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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died · Oklahoma · Senate Mar 3, 2025

SB 239: Income tax; limiting credit allowance for zero-emission facilities to certain tax years; limiting carry forward of credit. Effective date.

SB 239 modifies Oklahoma's tax credit for electricity generated by zero-emission facilities (like wind, solar, hydro, or geothermal power plants). It limits the credit to tax years ending by 2025, ending the ability to carry forward unused credits beyond that year. For credits claimed after July 2019, taxpayers must choose between receiving an 85% direct refund or carrying the credit forward for up to 10 years (ending in 2025). This bill directly affects businesses and entities generating eligible renewable electricity in Oklahoma, altering how they can use or access these tax credits.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLimits tax credit carry-forward beyond 2025, restricting tax benefits for businesses generating zero-emission energy.90% confidence ✗ EnergyOpposes EnergyBill limits tax credit carry-forward for zero-emission facilities beyond 2025, restricting long-term incentives for renewable energy projects.92% confidence ✗ EnvironmentOpposes EnvironmentLimits tax credit duration for clean energy facilities, ending carry-forwards after 2025, weakening long-term incentives for zero-emission power generation.95% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Feb 20, 2025

SB 38: Sales and use tax apportionment; modifying apportionment for Oklahoma Historical Society. Effective date. Emergency.

SB 38 modifies Oklahoma's sales tax revenue allocation to provide a fixed annual amount for the Oklahoma Historical Society. It specifies that starting in fiscal year 2026, 0.06% of sales tax revenue will be directed to the Historical Society's Capital Improvement and Operations Revolving Fund, capped at $1,880,553.25 annually. This change directly affects the Historical Society's funding, replacing the previous cap based on 2015 apportionment amounts. The bill does not alter other tax revenue allocations for education, tourism, or general funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates 0.06% of sales tax revenue (capped at $1.88M) to Oklahoma Historical Society, providing dedicated funding for its operations. This is a direct budgetary appropriation supporting state program funding.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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