This bill increases Oklahoma's standard homestead property tax exemption from $1,000 to $2,315, with automatic inflation adjustments every five years starting January 1, 2032. It also creates a new $2,315 exemption for heads of households earning under $30,000 annually in total household income (excluding certain benefits like Social Security or stimulus payments). Homeowners must apply annually for the income-based exemption unless aged 65+, with income verification required through the Oklahoma Tax Commission. The changes take effect January 1, 2027.
SB 1999 expands eligibility for Oklahoma's homestead property tax exemption to include manufactured home owners residing on land they don't own and owners of fixed structures (like permanent additions) on rented property, provided they live there. It amends existing law to clarify that these groups may apply for the exemption if they meet standard residency and ownership requirements. The key change removes previous barriers for these property types, allowing them to qualify for the same tax break as traditional homeowners. This directly affects low-to-moderate income residents living in manufactured homes on leased land or with permanent structures on rented property.
SB 1885 modifies Oklahoma's homestead tax exemption for homeowners. Starting in 2027, it phases in a full exemption from ad valorem taxes on homestead properties: 33% in 2027, 67% in 2028, and 100% from 2029 onward. This replaces previous exemption amounts and applies uniformly to all qualifying homeowners statewide. The bill takes effect January 1, 2027, with taxes for 2027 payable in 2027. It directly affects Oklahoma homeowners who qualify for homestead exemption under state law.
HB 4337 amends Oklahoma's Quality Events Act to clarify definitions and requirements for economic development incentives tied to major events. It defines key terms like "quality event" (e.g., national championships, televised events) and "economic impact study," which must verify additional sales tax revenue generated by the event. The bill requires local governments to use these studies to confirm tax revenue increases before providing financial support to event promoters. This affects certified sponsors (event organizers) and local governments that fund or support qualifying events, ensuring incentives align with measurable economic benefits.
HB 3470, the "Outdoors in Oklahoma Act," creates a temporary sales tax exemption for specific outdoor items sold during October 2026. It exempts firearms, ammunition, camping supplies (like tents and stoves), fishing supplies (rods, reels), and hunting supplies (camouflage, decoys) from Oklahoma's sales tax when purchased between October 1 and October 31. The exemption applies only to retail sales (not rentals) and requires the Oklahoma Tax Commission to establish implementing rules. The bill takes effect September 1, 2026, directly affecting retailers selling these items during the specified October period.
HB 3572 modifies Oklahoma's property tax exemption rules for charitable institutions, specifically affecting residential properties owned by such organizations. It requires that residential properties (both single-family and multi-family) used for charitable purposes maintain a minimum 75% occupancy rate annually to retain tax exemption status. Owners must report occupancy rates to county assessors by December 15 each year, with failure to meet the threshold resulting in loss of exemption for the following year. The bill also clarifies that properties financed with low-income housing tax credits or used for affordable housing projects may qualify under these rules.
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.
HB 4424 exempts qualifying manufacturing facilities and data centers from property taxes for five years. It directly affects businesses meeting specific criteria, including data centers operational by January 1, 2027, with at least 50% out-of-state revenue, and facilities investing $500,000+ (adjusted annually for inflation) in new or expanded operations. Key provisions require annual verification of eligibility with the Oklahoma Tax Commission, including wage standards tied to the Oklahoma Quality Jobs Program for facilities seeking exemption after 2022. The bill also defines qualifying facilities to include certain data centers, distribution centers meeting investment and employment thresholds, and custom manufacturing under specific industry codes.
HB 3853 exempts certain school supplies from Oklahoma's sales tax during a specific three-day back-to-school period each year. It applies to items like pencils, notebooks, backpacks, and other classroom essentials priced under $100, purchased between 12:01 a.m. on the first Friday in August and 12 a.m. the following Sunday. The exemption does not cover athletic wear, accessories (e.g., jewelry, wallets), or rentals. This policy change, effective July 1, 2026, aims to reduce costs for families buying qualifying school supplies during that window.
SB 1492 eliminates the state sales and use tax on motor vehicle purchases in Oklahoma when the Oklahoma Motor Vehicle Excise Tax has been paid. The bill modifies existing tax exemption language to clarify that sales of new vehicles (including optional equipment) are exempt from sales tax, with gross receipts calculated based on the purchase price minus trade-in value. It directly affects vehicle buyers, dealers, and local jurisdictions that previously collected sales tax on these transactions. The exemption applies to all motor vehicles sold after the bill's effective date, removing an additional tax layer on top of the existing excise tax. This change streamlines the tax structure for vehicle sales without altering the excise tax requirement.
