Budget & Taxes

in committee · Oklahoma · House Feb 4, 2025

HJR 1004: Oklahoma Constitution; fair cash value of homestead; limit; ballot title; filing.

HJR 1004 proposes a constitutional amendment to limit property tax increases for Oklahoma homesteads. It would freeze the tax assessment value of a primary residence for homeowners who have owned and occupied the property for at least 10 years and whose gross household income stays below HUD's low-income threshold for their county. The cap remains in effect as long as these conditions are met, but any property improvements would be added to the assessed value while still respecting the frozen baseline. If homeowners move out or exceed the income limit, the property reverts to standard tax assessment rules. This measure requires voter approval via ballot referendum.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill explicitly limits property tax increases for homesteads, restricting tax growth for qualifying homeowners.90% confidence ✓ HousingSupports HousingFreezes property tax assessments for low-income homeowners, protecting housing affordability and property rights under homestead protections.85% confidence

Sub-Topics Property Tax Property Taxes

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died · Oklahoma · House Feb 5, 2025

HB 2091: Revenue and taxation; income tax credit; rent; procedures; effective date.

HB 2091 creates a refundable state income tax credit for Oklahoma residents who pay rent for their primary residence. Starting in 2026, eligible taxpayers can claim up to $110 annually, with future credit amounts adjusted yearly based on inflation measured by the Consumer Price Index. To claim the credit, individuals must provide their landlord's name, rental address, and annual rent paid on a form required by the Oklahoma Tax Commission. The credit applies to all qualifying renters, not just low-income households, and becomes effective November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable income tax credit for renters, providing direct tax relief to lower-income residents, advancing fiscal support for housing costs.95% confidence ✓ HousingSupports HousingCreates refundable tax credit for renters to reduce housing costs, directly advancing affordable housing access for qualifying residents.95% confidence

Sub-Topics Income Tax Tax Credits Affordable Housing Renters Tenant Rights

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in committee · Oklahoma · House Feb 4, 2025

HB 2447: Revenue and taxation; broadband communications; income tax credit; effective date.

HB 2447 creates a 25% income tax credit for businesses that invest in qualified broadband telecommunications infrastructure in Oklahoma, effective for tax years beginning after December 31, 2025. The credit covers the cost of equipment, facilities, and technology used to provide high-speed internet service, with the credit limited to reducing tax liability to zero and allowing unused portions to be carried forward for up to five years. This policy directly affects businesses building or upgrading broadband networks, particularly in rural areas as defined by the Rural Broadband Expansion Council. The bill aims to incentivize broadband expansion by reducing costs for infrastructure investment. It becomes effective January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 25% business income tax credit for broadband infrastructure investment, reducing taxable income and incentivizing private sector broadband expansion through fiscal policy.95% confidence ✓ TechnologySupports TechnologyCreates 25% tax credit for broadband infrastructure investment, directly expanding high-speed internet access through business incentives.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Broadband Access Telecommunications

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in committee · Oklahoma · Senate Feb 4, 2025

SB 754: Oklahoma Science and Technology and Development Act; authorizing the Oklahoma Center for the Advancement of Science and Technology (OCAST) to establish the Doctoral Retention Grant Program. Effective date.

SB 754 authorizes Oklahoma's OCAST to create the Doctoral Retention Grant Program, providing competitive grants to doctoral degree holders who commit to staying in Oklahoma to support the state's science and technology mission. The program prohibits duplicate funding with existing incentives and requires recipients to fulfill their proposed service commitments, with a reimbursement requirement (clawback) if they fail to do so. It establishes a revolving fund in the state treasury to finance grants and OCAST's administrative costs, with all funds designated for this purpose. The bill aims to retain doctoral talent in Oklahoma without overlapping with current state incentive programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes revolving fund in state treasury for doctoral retention grants, allocating state resources to support science/tech workforce development as a fiscal management strategy.90% confidence ✓ TechnologySupports TechnologyAuthorizes OCAST to fund doctoral retention in science/tech fields, directly advancing workforce development for state's technology mission through competitive grants and service commitments.95% confidence

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signed · Oklahoma · Senate Apr 22, 2026

SB 1161: Oklahoma Health Care Authority; general appropriations; modifying certain date; providing for duties and compensation of administrators and employees. Effective date. Emergency.

SB 1161 allocates $100,000 from Oklahoma's General Revenue Fund to the Department of Corrections for the 2026 fiscal year. This funding supports the department's existing legal responsibilities, such as managing correctional facilities and staff operations. The bill declares an emergency to allow immediate use of these funds upon approval, bypassing standard budget timelines. It provides specific financial support for current Department of Corrections duties without creating new programs or altering existing laws.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $100,000 from General Revenue Fund to Department of Corrections for existing operations, supporting essential state services without tax changes.95% confidence ✓ Criminal JusticeSupports Criminal JusticeAllocates $100k to Department of Corrections for existing operations, supporting current corrections functions without reform language.85% confidence

Sub-Topics Revenue Corrections

signed · Oklahoma · Senate May 29, 2025

SB 1135: Health insurance; premium taxes; clarifying applicability of certain exclusion; premium tax credit; creating certain exclusion. Emergency.

SB 1135 allocates $100,000 from Oklahoma's General Revenue Fund to the Oklahoma Health Care Authority for the 2025-2026 fiscal year to support its operations. The bill declares an emergency to allow immediate implementation upon approval. This legislation provides specific funding for the Authority's duties without altering existing health insurance or tax policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $100k from General Revenue Fund to fund Oklahoma Health Care Authority operations, directly advancing state budget allocation for essential services without tax policy changes.90% confidence ✓ HealthcareSupports HealthcareAllocates $100k to Oklahoma Health Care Authority for operations, directly funding public health services without altering existing policies.90% confidence

Sub-Topics Revenue Tax Credits Insurance

passed · Oklahoma · House May 8, 2025

HB 1200: Revenue; taxation rates; income; exemptions; deductions; effective date.

HB 1200 establishes a revenue stabilization mechanism for Oklahoma's state budget. It requires the State Board of Equalization to certify five-year average revenue from oil, natural gas, and corporate income taxes. If annual revenue exceeds these averages, specific percentages (25% to the Constitutional Reserve Fund, 75% to the Revenue Stabilization Fund) must be deposited - unless revenue growth exceeds $400 million (adjusted for inflation), which could trigger future tax rate reductions. The bill does not change tax rates directly but links fund deposits to revenue performance, affecting how state funds are managed rather than individual taxpayers. This procedural bill focuses on budget stability rules, not new tax policies.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates revenue stabilization fund requiring deposits when revenue exceeds averages, promoting fiscal responsibility through reserve building and potential future tax reductions.90% confidence

Sub-Topics Revenue State Budget

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passed · Oklahoma · House Apr 28, 2025

HB 2754: Public health; State Department of Health; Oklahoma Rural Hospitals Funding Assistance Grant Program Act of 2025; Oklahoma Rural Hospitals Funding Assistance Grant Program; Oklahoma Rural Hospitals Funding Assistance Grant Program Revolving Fund; effective date; emergency.

HB 2754 establishes the Oklahoma Rural Hospitals Funding Assistance Grant Program to provide financial support to qualifying rural hospitals. It directly affects publicly owned hospitals in towns with fewer than 5,000 residents that meet federal critical access hospital standards. The program creates a revolving fund in the state treasury, administered by the State Department of Health, to award grants prioritizing areas with significant healthcare access barriers due to distance. Grants are limited to the total funds available in the revolving fund, and the program becomes effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state revolving fund to provide grants for rural hospitals, directly allocating state budget resources to fund essential healthcare services.95% confidence ✓ HealthcareSupports HealthcareCreates state funding program for rural hospitals to improve access in underserved areas, directly advancing healthcare support through financial assistance.95% confidence

Sub-Topics Hospitals Public Health

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signed · Oklahoma · House May 29, 2025

HB 2789: Water Resources Board; making appropriations; source; purpose; accounts; deposits of transfers; procedures; effective date; emergency.

HB 2789 directs $3.3 million and $6.6 million from Oklahoma's Statewide Recovery Fund to the Oklahoma Water Resources Board for specific water-related projects previously funded under Senate Bill 13. The funds must be used as recommended by the Joint Committee on Pandemic Relief Funding, with no more than 4% retained for administrative costs. It creates special, non-fiscal-year-limited accounts in the state treasury for these funds, requiring quarterly reporting to the Joint Committee on Pandemic Relief Funding and strict adherence to American Rescue Plan Act guidelines. The bill also mandates agreements with other state agencies for fund oversight but prohibits transferring control of the funds to other agencies.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects existing state funds ($9.9M total) to water projects with fiscal oversight, ensuring proper allocation per committee recommendations and promoting responsible budget management.92% confidence

vetoed · Oklahoma · Senate May 29, 2025

SB 687: Sales tax exemption; requiring Oklahoma Broadband Office and Oklahoma Tax Commission to administer certain rebate program; modifying rebate limit; creating the Oklahoma Broadband Rebate Revolving Fund.

SB 687 creates a rebate program for businesses purchasing equipment to expand broadband services in underserved or unserved areas of Oklahoma. It directs the Oklahoma Broadband Office and Tax Commission to administer the program, requiring equipment to directly enable broadband expansion (not operational costs) and limiting rebates to $42 million total - $31.5 million reserved for low-population-density counties. The Oklahoma Broadband Rebate Revolving Fund will pay approved claims, with payments calculated based on total eligible claims versus available funds. Providers must file claims by specified deadlines, and annual reports will track broadband project impacts without disclosing individual company names.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates $42M broadband rebate fund via revolving fund, allocating state budget to fund infrastructure expansion in underserved areas, aligning with 'funds essential programs' indicator.92% confidence ✓ TechnologySupports TechnologyFunds broadband infrastructure expansion via rebates for equipment, directly advancing internet access in underserved areas - core technology policy objective.95% confidence

Sub-Topics Procurement Sales Tax Tax Incentives Broadband Access

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