Budget & Taxes

in committee · Oklahoma · House Feb 3, 2026

HB 3564: Revenue and taxation; ad valorem; homestead exemption; increase in homestead exemption; effective date.

HB 3564 increases Oklahoma's homestead property tax exemption for homeowners aged 65 or older with household income at or below three times the state median. The base $1,000 exemption is raised annually by the dollar amount of the home's value increase from the previous year, if the homeowner meets income and age criteria. If income exceeds the threshold or the home's value decreases, the exemption amount remains fixed at the prior year's level until conditions improve. This change takes effect January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax exemption for low-income seniors (65+ with income ≤3x median), providing direct tax relief - aligns with tax relief for lower income as per indicators.95% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1848: Incentives; prohibiting certain districts from including the property of certain establishments in Local Development Act; excluding certain entities from ad valorem exemption. Effective date.

SB 1848 amends Oklahoma's Local Development Act to restrict property tax incentives and exemptions. It prohibits tax breaks for specific businesses, including retail establishments (NAICS codes 518210 and 221114-221117) and certain entertainment venues, while limiting manufacturing facility tax exemptions to a 25-year period. The bill also requires local governments to report annual details on incentive recipients, property values, and expenditures to the Oklahoma Department of Commerce. These changes directly affect local governments administering tax incentives and businesses in designated reinvestment areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill restricts tax incentives for specific businesses and limits exemptions, closing loopholes and promoting fiscal responsibility through mandatory reporting requirements.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Tags Economic Development

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died · Oklahoma · House Feb 11, 2026

HB 4172: Appropriation; School Security Revolving Fund; amount; purpose; effective date; emergency.

HB 4172 appropriates $50 million from Oklahoma's General Revenue Fund to the School Security Revolving Fund for the 2026-2027 fiscal year. The funds will support school resource officer programs under existing law (Section 5-148.1 of Title 70). This bill directly affects Oklahoma public schools by providing dedicated funding for security personnel, effective July 1, 2026. The bill is procedural, allocating existing funds without creating new requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $50M from General Revenue to fund school security programs, directly advancing public service funding within state budget management.95% confidence ✓ EducationSupports EducationAllocates $50M for school security personnel under K-12 education funding, directly supporting school safety infrastructure and student protection.95% confidence

Sub-Topics Appropriations Revenue School Safety

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1544: State government; creating the United States Semiquincentennial Celebration Taxpayer Relief Act. Emergency.

SB 1544 redirects $750 million in unused federal pandemic relief funds (from the American Rescue Plan Act) to fund a one-time taxpayer rebate program. It provides eligible Oklahoma residents who filed individual or joint tax returns for 2024 or 2025 with a $250 rebate (or $500 for joint filers), paid via direct deposit or mailed check by June 30, 2026. The bill reclassifies existing federal funds to offset state obligations rather than creating new spending, ensuring compliance with federal guidelines. The Oklahoma Tax Commission administers the program, with oversight by the Joint Committee on Appropriations and Budget, and requires a report to the Legislature and Treasury by March 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides direct tax rebates ($250/$500) to eligible residents using existing federal funds, aligning with tax relief indicators for middle/lower income taxpayers without new state spending.95% confidence

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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

Sub-Topics Property Tax

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in committee · Oklahoma · House Feb 3, 2026

HB 3088: Courts; court reporter and secretary-bailiff salaries; longevity payments; equipment allowance; effective date; emergency.

HB 3088 increases compensation for Oklahoma court reporters and secretary-bailiffs. It sets base annual salaries at $53,000-$75,000 for court reporters and $42,000 for secretary-bailiffs, effective fiscal year 2027. The bill adds longevity payments ($400-$750 per year for service, capped at $8,000-$9,750 annually), equipment allowances ($3,000-$4,000 yearly), and $2,000 annual bonuses for certified reporters (RPR, RMR, RDR, CRR) based on specific speed and continuing education requirements. These changes directly affect court reporters in district courts, Workers’ Compensation Court, and the Corporation Commission, as well as secretary-bailiffs in district and business courts.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases state funding for court staff salaries through specific appropriations, supporting essential public service operations within budget allocation.75% confidence

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passed · Oklahoma · House Apr 1, 2026

HB 3942: Public finance; Incentive Evaluation Commission; communications; presentation of findings; comparison of certain results; effective date; emergency.

HB 3942 requires Oklahoma's Incentive Evaluation Commission to annually assess state economic incentives (like tax credits or grants) from 2024 onward. It mandates a schedule for evaluating all incentives based on fiscal impact and goals, with exemptions only for minimal-cost programs. Each evaluation must analyze the incentive's economic impact, effectiveness, alignment with state priorities, and recommendations for retention or changes. The Commission must report findings to lawmakers and the public by December 15 each year, including cost estimates, goal achievement, and suggestions for policy improvements. This directly affects state agencies administering incentives and lawmakers reviewing their value.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates annual fiscal impact evaluations of tax credits/grants to ensure alignment with state priorities and promote fiscal responsibility, strengthening budget oversight.85% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1802: Income tax deduction; creating the catastrophe savings account; authorizing income tax deduction for certain deposits. Effective date.

SB 1802 creates a new Oklahoma income tax deduction for contributions to "catastrophe savings accounts," designed to help residents cover repair costs after natural disasters like floods or tornadoes. It allows Oklahoma homeowners to set up one dedicated savings account for primary residence repairs, with contribution limits based on their insurance deductible (ranging from $2,000 for low deductibles to $250,000 for uninsured homes). Taxpayers can deduct contributions from their state income tax, and interest earned or distributions used for qualified disaster repairs are exempt from taxation. The law takes effect January 1, 2027, and applies only to primary residences.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax deduction for disaster savings, providing tax relief to homeowners and aligning with tax relief indicators for middle-income households.92% confidence

Sub-Topics Income Tax

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in committee · Oklahoma · Senate Feb 3, 2026

SB 2076: State government; prohibiting state contracts with certain companies; allowing for waiver of certain applicability. Effective date. Emergency.

SB 2076 prohibits Oklahoma state contracts and tax incentives for companies using H-1B visas or optional practical training for jobs physically performed within Oklahoma. It applies only to Oklahoma-based work, not companies' out-of-state operations. Companies must certify compliance under penalty of perjury, and exceptions require a legislative waiver approved by both chambers. The law takes effect July 1, 2026, and does not affect existing contracts or out-of-state activities.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProhibits tax incentives for H-1B-using companies, restricting a specific tax break under fiscal policy.90% confidence ✗ ImmigrationOpposes ImmigrationProhibits state contracts with companies using H-1B/OPT for Oklahoma jobs, restricting immigrant employment access and limiting visa program utilization in state contracting.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentRestricts H-1B/OPT use for Oklahoma jobs to protect local workers' employment opportunities, aligning with labor protection goals.95% confidence

Sub-Topics Work Authorization

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passed · Oklahoma · House Apr 1, 2026

HB 2967: Revenue and taxation; motor vehicle excise tax; transfer of vehicle ownership; effective date.

HB 2967 amends Oklahoma's motor vehicle excise tax rules, affecting vehicle owners during transfers of ownership or first registration. It sets a 4.5% tax on off-road all-terrain vehicles, motorcycles, and utility vehicles (with a $5 minimum), and establishes tiered rates for used vehicles based on value and registration year. The bill also creates a $10 tax for heavy trucks, trailers, and frac tanks used for highway cargo, while exempting pickup trucks and commercial vehicles from this tax in lieu of sales/use taxes. Additionally, it allows a credit for excise tax paid on new vehicles replaced due to theft or defects within specific timeframes.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates new tax rates (4.5% on ATVs/motorcycles, tiered used vehicle rates, $10 heavy cargo tax) increasing state revenue, directly advancing budget/tax policy.95% confidence

Sub-Topics Sales Tax

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