SB 1288 amends Oklahoma law (63 O.S. 2021, Section 683.24) to require equal cost-sharing between the state and local governments (such as counties or cities) for federal disaster relief matching funds. It creates a dedicated "Emergency Management Disaster Relief Matching Fund" in the State Treasury to cover the state’s share of these costs, eliminating the need for annual legislative appropriations. This change directly affects all Oklahoma political subdivisions receiving federal disaster assistance under FEMA programs after a federally declared disaster. The bill declares an emergency to expedite its implementation.
SB 2080 requires cities and towns in Oklahoma counties with 450,000+ residents (per the latest census) to electronically send weekly copies of all issued building permits to the county assessor. This applies to entities like municipal clerks or officials authorized to issue permits. The bill mandates this notification to improve data sharing for tax assessment purposes, as part of broader updates to local government administration laws. It does not change how permits are issued but adds a weekly reporting requirement for large-county jurisdictions.
SB 1839 creates a new "de minimis" classification for personal property valued at $5,000 or less, exempting it from annual listing and assessment under Oklahoma's ad valorem tax system. This directly affects homeowners and property owners with low-value personal items (like furniture or small tools) who previously had to report such property annually. The bill amends Sections 2803 and 2817 of Oklahoma's tax code to formally establish this exemption and update related language. It simplifies the tax process for these items without changing tax rates or obligations for higher-value property.
SB 1776 creates a $10,000 annual income tax credit for Oklahoma teachers who have completed eight consecutive years teaching in the same school district. To qualify, teachers must continue teaching in that district for the remainder of their eighth year plus three additional years (with exceptions for layoffs, death, or medical hardship). The credit is refundable, meaning any amount exceeding a teacher's tax liability will be paid directly to them. The Oklahoma Tax Commission may audit claims and require repayment if eligibility is later found to be invalid. This bill would apply to tax years starting in 2027.
SB 1988 increases fees for money transfer businesses in Oklahoma, requiring a $20 fee per transaction under $500 plus 4% for amounts over $500. It also creates a tax credit for customers who pay these fees, allowing them to claim the fee amount against their income tax. The bill modifies rules for claiming the credit, specifying it can't reduce tax below zero and must be claimed in specific tax years (e.g., 2009-2010 fees claimed on 2010 returns). All fees collected will fund the Drug Money Laundering and Wire Transmitter Revolving Fund. The bill takes effect January 1, 2027.
SB 49 adds a new sales tax exemption for nonprofit organizations providing services to abused and neglected children in Oklahoma. The bill amends Oklahoma’s sales tax code to exempt these specific nonprofits from paying sales tax on purchases directly related to their child welfare services. To qualify, organizations must submit required documentation proving their services align with this exemption, which applies to tangible personal property and services used for this purpose. This policy change directly affects eligible child welfare nonprofits by reducing their operational costs.
SB 1393, the RESTORE Act, creates a 50% tax credit for developers converting old, vacant commercial buildings (over 50 years old, vacant for 3+ years, and not eligible for historic tax credits) into residential housing. It directly affects property owners or developers who undertake "adaptive reuse" projects, covering extra renovation costs like environmental cleanup, code compliance, and infrastructure upgrades. The credit is capped at $5 million annually (2027-2037), requires 20% of units to be affordable for 10 years, and allows unused credit to carry forward to future tax years. Projects must meet specific affordability and location criteria, with annual reports tracking housing units and economic impact.
SB 1900 requires businesses receiving specific state incentives or direct funding (like tax credits or grants under programs such as the Oklahoma Quality Jobs Program or Filmed in Oklahoma Act) to pay 5% of the incentive value to the local government where their project is located. This payment must go to the town, city, or county based on the project’s location, with specific rules for areas outside municipalities but using municipal infrastructure. Funds received must be spent exclusively on infrastructure projects like roads, utilities, or public facilities. The bill applies to businesses receiving incentives under 10 specific Oklahoma statutes and takes effect November 1, 2026.
This bill, titled "Mathematics instruction..." but actually amending the Oklahoma Higher Learning Access Program, adjusts financial eligibility rules for students seeking higher education support. It raises income thresholds for program qualification (e.g., $80,000 annually for families with five+ children starting in 2025-2026) and adjusts age limits for participation (extending to age 18 for some applicants). Students must meet updated income requirements and comply with program terms like regular school attendance and avoiding substance abuse to maintain eligibility. The bill directly affects Oklahoma students in grades 5-11 seeking financial aid for post-secondary education through this state program.
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.
