Budget & Taxes

in committee · Oklahoma · House Feb 19, 2026

HB 1171: Revenue and taxation; sales tax exemption; nonprofit entities; limitation on gross revenues; exception for alcohol and tobacco; effective date; emergency.

HB 1171 modifies Oklahoma's sales tax exemption rules for nonprofits by requiring organizations to have annual gross revenue under $500,000 to qualify for exemption on tangible personal property and services. It specifically excludes alcohol and tobacco sales from the exemption, meaning nonprofits selling these items cannot claim tax-free status. This change directly affects small nonprofits that previously qualified for full exemption but now must meet the revenue threshold to maintain tax-free status on other sales. The bill also updates existing exemption categories but does not alter the core tax treatment for qualifying nonprofits beyond the revenue limit and alcohol/tobacco exception.

Topics ✓ Budget & TaxesSupports Budget & TaxesRestricts nonprofit tax exemptions to increase state revenue, closing a loophole for higher-revenue entities and ensuring alcohol/tobacco sales are taxable.90% confidence

Sub-Topics Sales Tax Tax Incentives

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died · Oklahoma · Senate May 14, 2026

SB 258: Transportation financing; creating the Preserving and Advancing County Transportation Fund.

SB 258 creates a dedicated fund called the "Major Collector Routes Fund" in Oklahoma's state treasury to support county transportation projects. It directly affects Oklahoma counties, which can apply for grants to improve roads and bridges through a competitive program. The fund uses state budget money (not new taxes) to pay for projects evaluated on safety, innovation, necessity for public use, and features like traffic safety or school bus routes. Counties must contribute financially to projects to qualify, and funds are available continuously without annual budget limits.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates existing state budget funds to dedicated transportation fund, supporting infrastructure through fiscal management without new taxes.90% confidence ✓ TransportationSupports TransportationCreates dedicated fund for county road/bridge projects using state budget, prioritizing safety and public use - directly funds transportation infrastructure.95% confidence

Sub-Topics State Budget Public Transit Roads & Highways Transportation Funding

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in committee · Oklahoma · House Feb 4, 2025

HB 1209: Revenue and taxation; income tax; rate; effective date.

HB 1209 modifies Oklahoma's individual income tax rates, lowering the top marginal rate for most filers starting in 2024. It reduces the highest tax bracket from 5.50% to 4.75% for single filers and from 5.50% to 4.75% for married couples filing jointly, effective for tax years beginning in 2024. The bill also eliminates the deduction for federal income taxes paid when calculating taxable income. These changes apply to all Oklahoma residents and nonresidents filing individual income tax returns. The bill specifies a further adjustment for tax years beginning in 2026, though the exact rates are not detailed in the provided text.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLowers top income tax rate (5.50%→4.75%) and eliminates federal tax deduction, reducing state revenue and weakening tax base for budget management.92% confidence

Sub-Topics Business Taxes Income Tax

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died · Oklahoma · House Feb 24, 2025

HB 2057: Trauma Care Assistance Revolving Fund; medical marijuana taxation; apportionment; assess; collect; apportionments; funds; effective date; emergency.

HB 2057 establishes a 7% tax on retail medical marijuana sales in Oklahoma, collected at the point of sale. Tax revenue is allocated annually starting July 2026: $65 million is divided between the State Public Common School Building Fund (59.23%), the Oklahoma Medical Marijuana Authority (34.62%), drug and alcohol rehabilitation programs (5%), and the Trauma Care Assistance Revolving Fund (1.15%). Any surplus tax collections go to the General Revenue Fund. The bill also requires medical marijuana businesses to pay taxes or face permanent license revocation.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 7% medical marijuana tax to fund schools (59.23%), medical authority (34.62%), rehab (5%), and trauma care (1.15%), explicitly allocating revenue to public services.95% confidence ✓ Criminal JusticeSupports Criminal JusticeAllocates 5% of medical marijuana tax revenue to drug/alcohol rehabilitation programs, directly funding criminal justice reform initiatives to reduce recidivism.90% confidence ✓ EducationSupports EducationAllocates 59.23% of medical marijuana tax revenue to State Public Common School Building Fund, directly funding K-12 infrastructure.95% confidence ✓ HealthcareSupports HealthcareAllocates 34.62% ($22.5M) to Medical Marijuana Authority and 1.15% ($0.75M) to Trauma Care Fund, directly funding healthcare-related programs per bill's revenue distribution.92% confidence

Sub-Topics Revenue Drug Policy

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passed · Oklahoma · House Apr 21, 2025

HB 2407: State government; creating the Main Street Grant Program Revolving Fund; Department of Commerce; requirements to qualify; effective date; emergency.

HB 2407 creates a $2 million revolving fund in the Oklahoma State Treasury, managed by the Department of Commerce, to provide grants for qualifying Main Street programs. To receive funding, a Main Street must first be designated by Oklahoma's Main Street Program, maintain that designation, and submit annual proof of eligibility. The grant funds, appropriated from the General Revenue Fund for fiscal year 2026, may be used for operational costs but cannot be relied upon for ongoing operations. The bill requires reallocation of unclaimed funds if a recipient loses their Main Street designation, effective July 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $2M from General Revenue Fund for Main Street program grants, explicitly funding community development initiatives within state budget framework.95% confidence

Sub-Topics Revenue

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passed · Oklahoma · House Feb 26, 2026

HB 2140: Revenue and taxation; Ad Valorem Tax Code; definitions; classifications of property; valuation procedures; effective date.

HB 2140 changes how commercial buildings with unfinished interiors are taxed in Oklahoma. It requires county assessors to value such properties - those sold or leased for the new owner/tenant to complete interiors (e.g., flooring, ceilings) - based solely on the cost of construction materials before interior work, not the full building cost. This applies to commercial buildings constructed without final interior elements like finished walls or cabinetry, affecting property owners and contractors selling or leasing these spaces. The law takes effect January 1, 2026, directly impacting property tax assessments for these specific commercial properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces taxable value for commercial properties by excluding interior costs, lowering property tax burden on owners/contractors.95% confidence

Sub-Topics Property Tax

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in committee · Oklahoma · Senate Mar 10, 2025

SB 678: Ad valorem tax collections; creating the Centrally Assessed Ad Valorem Volatility Reimbursement Fund; prescribing qualifications and reimbursement amount. Effective date. Emergency.

SB 678 creates a state fund to reimburse Oklahoma counties for lost property tax revenue when centrally assessed properties (like oil/gas facilities) decrease in value. Counties qualify if they lose at least $250,000 in annual tax collections from these properties, receiving 25% of the loss for the first two years after the valuation drop. Reimbursement funds prioritize school districts first, with remaining funds going to counties. The bill appropriates $2 million from the General Revenue Fund to start the fund, effective July 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state fund to reimburse counties for lost property tax revenue from valuation drops, stabilizing local budgets and prioritizing school districts with $2M appropriation.95% confidence ✓ EducationSupports EducationPrioritizes school districts for reimbursement funds, maintaining education funding from property tax losses.90% confidence

Sub-Topics Property Tax Revenue

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in committee · Oklahoma · House Feb 4, 2025

HB 1659: Revenue and taxation; Promote Child Thriving Act; income tax credit; effective date; emergency.

HB 1659 creates an income tax credit for married biological parents of children under 18 living at home. Parents receive $500 per child if married during the tax year, or $1,000 per child if married before the child's birth. To qualify, parents must be legally married for the entire tax year, reside with the child for at least six months (with exceptions for military deployment or newborns), and the child must be their biological child as verified by birth certificate or custody records. The credit cannot reduce tax liability below zero, and unused amounts can be carried forward for up to ten years.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for parents, reducing taxable income for qualifying families, aligning with tax relief indicators.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Oklahoma · House Mar 5, 2025

HB 2028: Revenue and taxation; sales tax exemptions; gun safe; firearm ammunition; firearms; effective date.

HB 2028 would amend Oklahoma's sales tax code to exempt gun safes, firearm ammunition, and firearms from state sales tax. This change would directly affect consumers purchasing these items, as they would no longer pay the standard 4.5% state sales tax on these specific products. The bill achieves this by adding explicit language to Section 1357 of the Oklahoma Statutes, listing these items as tax-exempt under the "Exemptions - General" section. The bill is currently in committee review after its first reading in February 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts firearms, ammo, and gun safes from 4.5% sales tax, providing direct tax relief per tax policy change.95% confidence

Sub-Topics Procurement Sales Tax

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in committee · Oklahoma · Senate Feb 4, 2025

SB 101: Income tax; providing credit for certain housing expenses. Effective date.

SB 101 creates an income tax credit for Oklahoma residents paying rent or mortgage on their primary residence. It provides refundable credits ranging from $1,000 to $7,000 based on household income (as a percentage of Oklahoma's state median income) and the number of dependents. The credit applies to tax years starting in 2026, with limits of one credit per residence and refunding excess amounts if the credit exceeds the tax owed. This directly benefits low-to-moderate-income Oklahoma households struggling with housing costs. The bill takes effect November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable income tax credit for housing expenses, providing relief to low-to-moderate-income households.95% confidence ✓ HousingSupports HousingProvides refundable tax credits for housing expenses, directly increasing affordability for low-to-moderate-income households through income-based credits.95% confidence

Sub-Topics Income Tax Tax Credits Affordable Housing Property Taxes Renters

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