HB 2099 creates the Oklahoma Affordable Housing Commission to address housing needs for low- and moderate-income Oklahomans, defined by HUD income categories (e.g., "extremely low income" = ≤30% area median income). The bill establishes a dedicated state revolving fund in the Treasury, administered by the Commission, to finance housing initiatives. Key provisions require the Commission to develop annual plans, conduct housing needs assessments, and seek legislative approval for rules before spending funds - starting no earlier than July 1, 2025. The Commission’s 16-member structure includes legislative leaders, tribal housing representatives, community organizations, and housing agencies to guide funding toward affordable housing solutions.
This Oklahoma bill creates a tax credit program to encourage converting old, vacant buildings into housing. Property owners can claim up to 50% of qualified costs (like environmental cleanup, code upgrades, or system repairs) for adaptive reuse projects on structures at least 30 years old that have been vacant or underutilized (with rent below 50% of market rate). The program has a $5 million annual cap on approved credits, with unused funds carried forward to future years. Credits cannot reduce tax liability below zero but may be carried forward for up to 10 years. The Oklahoma Department of Commerce and Tax Commission will administer the program and prioritize projects based on local housing needs.
SB 71 creates an income tax credit for Oklahoma renters, directly affecting individuals who pay rent for their primary residence. It allows a credit of up to $110 for 2026 (adjusted annually for inflation based on the Consumer Price Index), which becomes refundable if it exceeds the taxpayer's income tax liability. The Oklahoma Tax Commission must provide a form requiring renters to submit their address, landlord name, monthly rent, and annual rent total to claim the credit. The bill takes effect November 1, 2025, and applies to tax years beginning in 2026.
SB 128 extends the required notice period for eviction cases (forcible entry and detainer) in Oklahoma from 3 days to 7 days before the court hearing for most cases, while maintaining a 3-day requirement for emergency evictions under specific subsections of Oklahoma law. It also updates summons language to be plain and understandable, requires public access to the summons form via the court website, and makes certain legal terms gender-neutral. The bill would have affected tenants and landlords in eviction proceedings by giving defendants more time to prepare. However, this bill was vetoed by the Governor on May 5, 2025, and is not currently law.
HB 2171, the "Oklahoma Uniform Unlawful Restrictions in Land Records Act," allows property owners and homeowners' associations to remove discriminatory restrictions from land records. It creates a specific process for owners to file an amendment with the county clerk to eliminate restrictions based on race, religion, disability, or other protected characteristics, which violate anti-discrimination laws. Homeowners' associations can also remove such restrictions without member votes by amending their governing documents. The law requires amendments to clearly identify the affected property and state that only unlawful restrictions are removed, leaving valid restrictions intact. This directly affects property owners and HOAs holding discriminatory covenants in recorded documents.
SB 425 modifies Oklahoma's property tax relief program for seniors and disabled residents by increasing the income limit from $12,000 to $40,000 annually and lowering the age requirement from 65 to 60 years. This change directly affects Oklahoma residents aged 60 or older (or totally disabled heads of household) with household incomes under $40,000 who qualify for property tax relief on their primary residence. The bill updates existing statutory language in Sections 2905 and 2906 of Title 68, Oklahoma Statutes, to reflect these eligibility changes. The Oklahoma Tax Commission will administer the revised program, effective November 1, 2025.
SB 1296 limits annual rent increases for Oklahoma landlords in month-to-month tenancies to 7% plus the Consumer Price Index, affecting residential tenants and landlords statewide. Landlords must provide tenants with 90 days' written notice before any increase and disclose the new rent amount and effective date. An exception applies if the landlord offers reduced rent through federal, state, or local housing programs. Violating these rules subjects landlords to paying tenants three months' rent plus actual damages, effective November 1, 2026.
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.
SB 288 creates a state income tax credit for Oklahoma National Guard members who buy a home in Oklahoma. It allows eligible members to claim a credit equal to their down payment and closing costs, up to $4,000, for tax years 2026 and later. The credit is refundable (meaning it can be paid even if the member owes no state tax) and limited to one claim per person. To claim the credit, members must submit proof of purchase costs using a form provided by the Oklahoma Tax Commission. This policy directly affects Oklahoma National Guard members purchasing residential property within the state.
SB 923 modifies Oklahoma's Affordable Housing Tax Credit program by increasing the annual credit cap to $15 million for 2026-2030 (from $4 million previously) and requiring new projects placed in service after January 1, 2026, to qualify as "workforce housing" (housing for households earning 60-120% of local median income). It makes the tax credit nonrefundable (cannot reduce tax below zero), ties Oklahoma credits to federal low-income housing credit recapture rules, and mandates eligibility statements from the Oklahoma Housing Finance Agency. The bill directly affects developers of qualifying affordable housing projects who seek to claim these tax credits, effective January 1, 2026.
