Budget & Taxes

in committee · Oklahoma · Senate Feb 4, 2025

SB 306: Federal taxation; creating the Taxpayer Protection Act. Effective date.

SB 306, the "Taxpayer Protection Act," would require Oklahoma taxpayers and employers to submit federal tax forms and payments to the Oklahoma Tax Commission instead of the IRS. The bill creates a "Federal Tax Fund" in the state treasury to hold these payments, which would only be sent to the federal government if the legislature determines the federal tax code is constitutional. It declares federal penalties for complying with the bill void and mandates that Oklahoma withhold funds until the legislature votes on the constitutionality of federal tax mandates. This directly affects all Oklahoma taxpayers, employers, and the state’s tax collection process.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill withholds federal tax payments via state fund until federal tax code deemed constitutional, defunding federal revenue flow and opposing federal tax collection.95% confidence

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in committee · Oklahoma · Senate Feb 4, 2025

SB 290: Tax; modifying certain income tax rates for certain tax years. Effective date.

SB 290 modifies Oklahoma's individual income tax rates for tax years beginning in 2024 and later. It sets new tax brackets: for single filers, 0.25% on the first $1,000, rising to 4.75% on income over $6,250; for joint filers, 0.25% on the first $2,000, rising to 4.75% on income over $10,650. The bill directly affects all Oklahoma residents and nonresidents who file state income tax returns. These rate changes replace previous brackets and take effect starting with the 2024 tax year.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax brackets to lower rates for lower-income earners (0.25% on first $1,000 for singles), providing tax relief per Budget & Taxes indicators.90% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1394: Income tax credit; providing credit equal to OHFA down payment and closing cost assistance. Effective date.

SB 1394 creates a refundable income tax credit for Oklahoma residents who receive down payment or closing cost assistance through the Oklahoma Increased Housing Program (OHFA). The credit equals the exact amount of assistance received each tax year, directly benefiting first-time homebuyers using OHFA support. If the credit exceeds a taxpayer's income tax liability, the excess amount is refunded to them. This credit applies to tax years starting in 2027, effective November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit for first-time homebuyers using OHFA, reducing tax liability for lower-income residents through direct fiscal relief.95% confidence ✓ HousingSupports HousingCreates refundable tax credit matching OHFA down payment assistance, directly increasing affordability for first-time homebuyers through state housing program funding.90% confidence

Sub-Topics Income Tax Tax Credits Homeownership

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in committee · Oklahoma · Senate Feb 4, 2025

SB 327: Income tax; modifying marginal income tax brackets for certain tax years. Effective date.

SB 327 modifies Oklahoma's individual income tax rates for tax years beginning in 2024. It lowers the top marginal tax rate from 5.50% to 4.75% for single filers and married couples filing jointly, while adjusting brackets for lower income levels (e.g., 0.25% on the first $1,000 for singles instead of 0.5%). The bill directly affects Oklahoma residents filing individual income tax returns for 2024 and future years. Key changes include updated tax percentages across all income tiers, with the highest rate applying to income above specific thresholds (e.g., $12,200 for single filers). The bill is currently in committee review and would take effect for the 2024 tax year.

Topics ✓ Budget & TaxesSupports Budget & TaxesLowers top marginal tax rate (5.50%→4.75%) and reduces lower brackets (e.g., 0.5%→0.25% on first $1k), providing tax relief per Budget & Taxes indicators.95% confidence

Sub-Topics Business Taxes Income Tax

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in committee · Oklahoma · Senate Feb 17, 2025

SB 67: Roads and bridges; Rebuilding Oklahoma Access and Driver Safety Fund; modifying apportionment for certain fiscal years. Effective date. Emergency.

SB 67 creates a dedicated "Rebuilding Oklahoma Access and Driver Safety Fund" to finance road and bridge projects, requiring annual state funding that increases from $575 million in 2021 to $1 billion by 2033. The fund must first cover transportation debt payments before funding other projects, with strict rules preventing it from replacing existing state transportation budgets. The Oklahoma Department of Transportation manages these funds, and the State Board of Equalization must annually verify that the fund enhances - not supplants - state transportation spending. This bill ensures predictable, growing funding for infrastructure while protecting existing state transportation resources.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated fund with increasing annual state appropriations ($575M to $1B) for transportation infrastructure, strengthening public works funding without replacing existing budgets.92% confidence ✓ TransportationSupports TransportationCreates dedicated fund for road/bridge projects with increasing annual funding ($575M to $1B), directly advancing transportation infrastructure.95% confidence

Sub-Topics Bridges Roads & Highways Transportation Funding

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passed · Oklahoma · House Apr 28, 2025

HB 1540: Appropriations; Oklahoma Workforce Education Partnership Revolving Fund; effective date; emergency.

HB 1540 creates the Oklahoma Workforce Education Partnership Revolving Fund within the State Treasury to support career and technology education programs. The fund, managed by the Oklahoma Department of Career and Technology Education (ODCTE), will use state appropriations, gifts, and donations to expand career tech education based on critical occupation data. It operates as a reusable fund (replenished by incoming revenue) until July 1, 2030, with expenditures requiring state treasurer warrants. The bill directly affects ODCTE's ability to fund workforce training programs, aiming to align education with local job market needs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state fund for career tech education via appropriations, expanding essential workforce programs through government spending, directly advancing budget allocation for public services.90% confidence ✓ EducationSupports EducationCreates fund to expand career tech education programs, increasing funding and access for workforce training within education system.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentFunds career tech education programs to align with critical occupations, enhancing workforce development and employment opportunities through dedicated state funding.90% confidence ✓ TechnologySupports TechnologyFunds career and technology education programs to develop workforce skills in tech fields, directly advancing technology sector workforce development.90% confidence

Sub-Topics Career & Technical Education Workforce Development

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passed · Oklahoma · House Apr 23, 2025

HB 1220: Cities and towns; prohibiting imposition of certain taxes and fees on certain bond revenue; municipal taxation; conforming language; emergency.

HB 1220 prohibits Oklahoma cities and towns from imposing franchise fees or sales/use taxes on specific revenue streams used by utilities to repay private financing. It directly affects electric cooperatives and other utilities that used private financing under the February 2021 Utility Consumer Protection Acts to avoid immediate cost burdens on customers. The bill defines "securitization revenue streams" as rates and charges solely for repaying such private loans, and bans local taxes on these streams for bonds issued by the Oklahoma Development Finance Authority under those acts. This prevents municipalities from taxing revenue dedicated to repaying utility loans structured to protect consumers from upfront costs.

Topics ✗ Budget & TaxesOpposes Budget & TaxesProhibits local taxes on utility repayment revenue, restricting municipal tax authority on specific revenue streams per bill language.90% confidence ✓ EnergySupports EnergyPrevents local taxes on utility repayment funds, protecting consumers from cost increases under the 2021 Utility Consumer Protection Acts.85% confidence

Sub-Topics Debt & Bonds

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in committee · Oklahoma · Senate Feb 4, 2025

SJR 10: Constitutional amendment; expanding veteran ad valorem tax exemption.

This constitutional amendment (SJR 10) proposes expanding Oklahoma's property tax exemptions for veterans. It would allow all honorably discharged veterans and their unremarried surviving spouses - regardless of disability status - to claim full exemptions on both household personal property and homesteads (primary residences) from ad valorem taxes. The bill removes the current requirement that veterans must have a 100% disability certification to qualify. To qualify, applicants must prove Oklahoma residency and meet existing homestead exemption criteria. If approved by voters, this change would apply to tax years beginning in 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemptions for veterans, removing disability requirement to provide broader tax relief, aligning with support indicators.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for all honorably discharged veterans and surviving spouses by removing disability requirement, increasing access to financial benefit.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Education

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in committee · Oklahoma · Senate Feb 23, 2026

SB 102: Income tax; excluding certain compensation to certain nonresidents; prohibiting requirement of employers to withhold taxes from certain compensation. Effective date.

SB 102 modifies Oklahoma's income tax code to exclude certain income from nonresident workers who spend limited time in the state. Specifically, it excludes compensation for nonresidents working in Oklahoma for less than 30 days per year if their total earnings from that work are $20,000 or less, effective for tax years starting in 2026. This applies directly to temporary workers, contractors, or short-term business visitors with minimal Oklahoma presence. The change simplifies tax calculations for these individuals by removing their limited-service income from Oklahoma taxable income.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes income from nonresident workers under $20k, providing tax relief for temporary workers and simplifying tax calculations per bill summary.85% confidence

Sub-Topics Income Tax

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vetoed · Oklahoma · Senate May 29, 2025

SB 915: Solar energy; requiring certain commercial solar energy facilities to meet certain standards. Effective date. Emergency.

This bill requires owners of commercial solar energy facilities in Oklahoma to pay annual property taxes on their solar installations by December 31 each year. It directly affects commercial solar facility owners, who previously may have been exempt from such taxes. The key provision mandates that taxes and other assessments be paid to the county treasurer annually, aligning commercial solar facilities with standard property tax rules. This changes the tax treatment for commercial solar projects, making them subject to local property tax requirements effective immediately.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill closes tax exemption for commercial solar facilities, requiring annual property taxes, increasing state revenue and aligning with standard tax rules.90% confidence ✗ EnergyOpposes EnergyImposes property taxes on commercial solar facilities, increasing costs and potentially hindering solar development by removing previous tax exemptions.90% confidence

Sub-Topics Property Tax Solar

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