Budget & Taxes

in committee · Oklahoma · House Feb 3, 2026

HB 4216: Economic development; Oklahoma Film, Television and Music Incentives Act of 2026; effective date.

HB 4216 establishes the "Oklahoma Film, Television and Music Incentives Act of 2026," creating a new state program to provide economic development incentives for the film, television, and music industries. The bill directly affects producers, studios, and creative businesses seeking to film or record in Oklahoma. It sets an effective date of November 1, 2026, for the incentives program to begin. No specific incentive mechanisms (like tax credits or grants) are detailed in the provided text.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state incentives program for film/TV/music, implying tax credits/grants which are fiscal support mechanisms for economic development.85% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1474: Oil and gas production; requiring the Corporation Commission to levy certain fees. Effective date.

SB 1474 requires oil and gas operators in Oklahoma to pay two annual fees: $25 per acre for surface disturbance on agricultural land (until reclamation is certified) and $0.01 per barrel for produced water. Operators can earn credits - up to 100% of the surface fee or 75% of the water fee - by implementing specific environmental practices like reduced well pads, water recycling, or pollinator-friendly reclamation. The collected fees fund the new Water and Agricultural Protection Revolving Fund, which will finance groundwater testing, land restoration, abandoned well plugging, and water recycling research. The bill applies directly to oil and gas operators working on agricultural land or handling produced water, with fees effective November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesImposes new fees on oil/gas operators to fund a dedicated state revolving fund for water/agricultural protection, increasing state revenue for environmental programs.95% confidence ✓ EnvironmentSupports EnvironmentIncentivizes environmental practices (water recycling, reduced pads) via fee credits and funds Water and Agricultural Protection Revolving Fund.95% confidence

Sub-Topics Recycling

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failed · Oklahoma · House Mar 16, 2026

HB 2973: Oklahoma Cost Accounting System; requiring school districts to report all state-appropriated spending using a specific data code; effective date.

HB 2973 requires all Oklahoma public school districts to report how they spend state-appropriated funds using a specific data code in the Oklahoma Cost Accounting System, starting with the 2026-2027 school year. This applies only to state funds, not other funding sources, and the State Board of Education must establish the required data code. The bill takes effect July 1, 2026, and was declared an emergency to allow immediate implementation. It directly affects school districts by mandating a new reporting structure for state education funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates detailed reporting of state education spending to enhance fiscal accountability, aligning with fiscal responsibility indicators.85% confidence

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in committee · Oklahoma · Senate Feb 19, 2026

SB 2115: Oklahoma Department of Veterans Affairs; creating certain fund; establishing certain requirements for fund; exempting certain monies from certain requirements; transferring certain funds; renaming certain fund; exempting certain purchases from certain requirements. Effective date.

SB 2115 modifies Oklahoma law to streamline how the Department of Veterans Affairs handles certain funds. It exempts federal funds received from the U.S. Department of Veterans Affairs from being deposited into the state treasury, allowing direct distribution to veterans. The bill creates the Oklahoma Veterans Assistance Fund, requires electronic quarterly reporting to state leaders, and exempts specific funds from annual spending limits. These changes primarily affect the Department’s financial operations and reporting for veterans' programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts VA funds from fiscal year limits, enabling direct veteran payments and promoting fiscal efficiency in fund management.92% confidence ✓ VeteransSupports VeteransBill creates Oklahoma Veterans Assistance Fund and allows direct distribution of federal funds to veterans, streamlining benefits without state treasury interference.95% confidence

Sub-Topics Veteran Benefits Veteran Healthcare

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in committee · Oklahoma · Senate Feb 5, 2026

SB 2144: Taxation; farm equipment; requiring certain entities to pay tax in lieu of ad valorem. Effective date.

SB 2144 creates a new tax in lieu of annual property tax for certain farm equipment. It requires retailers of farm equipment (including non-franchised dealers) and entities operating qualifying equipment to pay a flat tax based on the equipment's value, ranging from $6 to $108 depending on price brackets starting at $500. The tax replaces the standard property tax on this equipment but does not affect other property taxes, and dealers must affix tax stamps to sales invoices while maintaining logs for county assessors to inspect. The bill excludes repair parts and equipment sold through consignment or auctions, which remain subject to standard property tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates new tax mechanism replacing property tax for farm equipment, strengthening tax collection method within budget/tax framework.90% confidence

Sub-Topics Business Taxes Property Tax Sales Tax Tags Agriculture

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signed · Oklahoma · House May 12, 2026

HB 3831: Emergency management Services; recognizing Oklahoma Task Force 1 as the official deployment asset team; creating the Oklahoma Task Force 1 Revolving Fund; source; purpose; restrictions; codification; effective date.

HB 3831 formally designates Oklahoma Task Force 1 (OK-TF1) as the state's official urban search and rescue team for emergency deployments, requiring it to be the first asset sent for out-of-state disaster responses under the Emergency Management Assistance Compact. The bill appropriates $5 million from the General Revenue Fund for the Emergency Management Assistance Compact Revolving Fund, with $2 million specifically allocated to support OK-TF1's Oklahoma City and Tulsa teams. Funds must cover deployment costs, training, equipment, and operational expenses but cannot be used for routine fire department operations or facilities. This establishes clear funding and operational guidelines for OK-TF1's disaster response capabilities within Oklahoma.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $5M from General Revenue Fund for emergency management services, directly funding public safety program under budget allocation.95% confidence

Sub-Topics Revenue Tags Emergency Management Public Safety

passed · Oklahoma · House Apr 1, 2026

HJR 1081: Oklahoma Constitution; ad valorem; senior fair cash value limit; ballot title; filing.

This bill proposes a constitutional amendment (HJR 1081) that would eliminate the income requirement for Oklahoma seniors to qualify for a property tax limit on their homesteads. Currently, seniors aged 65+ must meet an income threshold based on HUD median income for their area; this amendment removes that requirement while keeping the age, 7-year occupancy, and $700,000 property value cap. It would apply only to homesteads valued at $700,000 or less, with the tax limit frozen at the value when the owner turned 65 (or January 1, 1997, for those already eligible before 1997). The change requires voter approval via a ballot measure.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves income requirement for senior property tax relief, expanding access to tax benefit for low/middle-income seniors while maintaining caps.95% confidence ✓ HousingSupports HousingRemoves income barrier for senior property tax relief, increasing affordability for elderly homeowners on homesteads under $700k value.95% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Oklahoma · House Feb 11, 2026

HJR 1074: Constitution; Oklahoma Veterans Lottery Trust Fund; funding; Oklahoma Veterans Trust Fund Board of Governors; membership; appropriation; ballot title; filing.

HJR 1074 proposes a constitutional amendment to create the Oklahoma Veterans Lottery Trust Fund, funded by the Oklahoma Veterans Lottery game. The fund would provide grants exclusively for four specific purposes: youth education programs by veteran service organizations, emergency assistance for individual veterans or their families, indigent funerals, and veteran outreach programs with over 50% veteran attendance. A Board of Governors, appointed by major veteran service organizations and the Oklahoma Veterans Council, would manage the fund. The amendment prohibits using these funds to replace existing state funding for veterans, military, or their families, and requires annual reviews by the State Board of Equalization to ensure funds enhance - not supplant - other veteran support programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates dedicated lottery-funded trust for veteran programs, allocating state tax revenue to essential services like education and emergency aid.95% confidence ✓ VeteransSupports VeteransCreates Oklahoma Veterans Lottery Trust Fund exclusively for veteran programs: youth education, emergency aid, indigent funerals, and veteran outreach - directly funds services per bill's four specified purposes.95% confidence

Sub-Topics Appropriations Memorials & Recognition Veteran Education

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1856: Income tax; requiring reduction of rate upon certification of excess collections. Effective date.

SB 1856 requires Oklahoma to automatically reduce the top individual income tax rate if state tax collections exceed the previous year's total by a specified threshold. It directly affects all Oklahoma residents and nonresidents who pay state income tax, as it triggers rate reductions based on certified excess collections. The bill amends tax code provisions to establish clear calculation methods for determining when and by how much the top marginal tax rate must decrease. This creates a concrete, automatic policy change tied to actual tax revenue performance, rather than legislative action.

Topics ✓ Budget & TaxesSupports Budget & TaxesAutomatically reduces top income tax rate upon excess collections, promoting fiscal responsibility by returning surplus revenue to taxpayers per tax code amendment.95% confidence

Sub-Topics Income Tax Revenue State Budget

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in committee · Oklahoma · House Feb 19, 2026

HB 4414: State government; Homebuilder Program; directing the Oklahoma Housing Finance Agency to establish and utilize needs assessment; directing to work with legislative committee; sunset date; effective date.

HB 4414 creates a zero-interest loan program administered by Oklahoma Housing Finance Agency (OHFA) to build affordable single-family homes statewide. It prioritizes homebuilders seeking to develop housing in communities affected by federally declared natural disasters within the last year. The bill requires OHFA to develop a community needs assessment tool to allocate funds and prohibits participants from also claiming the Oklahoma Affordable Housing Tax Credit. OHFA must submit annual reports detailing program outcomes to state leadership, with the law taking effect November 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state-administered zero-interest loan program for affordable housing, funding essential housing services through OHFA budget allocation.85% confidence ✓ HousingSupports HousingCreates zero-interest loans for affordable homebuilding in disaster-affected areas, directly funding housing development and affordability priorities.95% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance

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