Housing

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

Track

in committee · Oklahoma · Senate Feb 4, 2025

SB 288: Income tax; providing credit for certain Oklahoma National Guard members that purchase a home. Effective date.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesSB 288 creates a refundable income tax credit ($4,000 max) for National Guard homebuyers, providing direct tax relief and reducing state tax revenue, aligning with tax relief indicators for middle-income groups.95% confidence ✓ HousingSupports HousingTax credit reduces homebuying costs for National Guard members, supporting housing access through financial incentives for home purchases.85% confidence ✓ VeteransSupports VeteransCreates tax credit for National Guard home purchases, expanding financial benefits for veterans (National Guard members are veterans eligible for state benefits).90% confidence

Sub-Topics Income Tax Procurement Tax Credits Homeownership National Guard & Reserve

Track

in committee · Oklahoma · Senate Feb 4, 2025

SB 923: Revenue and taxation; expanding requirement for certain eligible qualifying projects placed in service after certain date. Effective date.

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases annual tax credit cap from $4M to $15M for affordable housing, expanding state funding while aligning with federal fiscal rules.95% confidence ✓ HousingSupports HousingIncreases affordable housing tax credit cap to $15M (from $4M) and mandates workforce housing (60-120% AMI) for new projects, directly funding and expanding affordable housing access.90% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance Property Taxes

Track

in committee · Oklahoma · Senate Feb 13, 2025

SB 347: Cities and towns; restricting certain municipal powers. Effective date.

SB 347 amends Oklahoma law (11 O.S. 2021, Section 43-103) to prohibit cities and towns from implementing minimum parking requirements when adopting regulations for buildings, land, or districts. The bill updates the statutory framework governing municipal planning, which previously allowed such parking mandates, and specifies that governing bodies cannot enforce these requirements while following the section's eight stated objectives (e.g., traffic safety, health, historical preservation). This change directly affects local governments' ability to regulate parking in zoning and development decisions. The bill takes effect November 1, 2025.

Topics ✓ HousingSupports HousingSB 347 removes minimum parking requirements, a barrier that increases development costs and limits housing density. This supports housing development by enabling more flexible, potentially affordable projects without explicit affordability language.85% confidence

Sub-Topics Property Development Zoning

Track

passed · Oklahoma · House Apr 1, 2025

HB 1496: Cities and towns; board of adjustment; decisions of the board; final subject to judicial review; appeal to the council; effective date.

HB 1496 changes the appeal process for decisions made by local city or town boards of adjustment (which handle zoning and land use matters). It removes the requirement for a bond when filing appeals in district court, mandates that appeals be re-heard from scratch (de novo), and establishes specific rules for temporary stays during appeals. Courts must consider four factors before granting stays and require bonds (except for municipal governments), with stays automatically ending once a final court decision is issued. This directly affects property owners challenging local decisions and city governments defending them in Oklahoma municipalities.

Topics ✗ HousingOpposes HousingBill removes bond requirement for zoning appeals, making it easier to challenge housing developments, which likely limits housing construction.60% confidence

Sub-Topics Land Use Zoning

Track

died · Oklahoma · House Feb 10, 2025

HB 2410: Revenue and taxation; affordable housing tax credit; effective date.

HB 2410 increases Oklahoma's annual cap for affordable housing tax credits from $4 million to $10 million per year through December 2029, then reverts to $4 million annually after 2029. It directly affects developers of qualifying affordable housing projects and investors who claim tax credits for these projects. The bill ties Oklahoma's tax credits to federal low-income housing credits, limits credits to projects placed in service after July 2015, and requires eligibility statements from the Oklahoma Housing Finance Agency to claim credits. Credits cannot reduce tax liability below zero and must be claimed with tax returns, with unused credits carryable forward for two years.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases annual affordable housing tax credit cap from $4M to $10M, directly funding housing affordability through tax incentives rather than direct spending.95% confidence ✓ HousingSupports HousingIncreases affordable housing tax credit cap from $4M to $10M annually, directly funding qualifying projects through 2029.95% confidence

Sub-Topics Tax Credits Affordable Housing Housing Finance Property Taxes

Track

passed · Oklahoma · House Apr 17, 2025

HB 2745: Revenue and taxation; banking privilege tax; deductions; effective date.

HB 2745 creates new tax deductions for Oklahoma banks and credit unions that earn interest on qualifying agricultural and housing loans. It allows institutions to deduct up to $500,000 annually (for those with over $750 million in Oklahoma deposits) or $250,000 (for smaller institutions) from their privilege tax bill. The deductions apply to interest earned on agricultural real estate loans, agricultural operating loans, and single-family residence loans made between 2025 and 2028. Total deductions across all institutions are capped at $5 million per year, with annual adjustments to maintain this limit.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill creates tax deductions for large banks/credit unions, reducing government revenue via privilege tax breaks, aligning with 'tax breaks primarily for wealthy'.95% confidence ✓ HousingSupports HousingCreates tax deductions for banks making qualifying housing loans (single-family residences), incentivizing lending to advance housing development and affordability.90% confidence

Track

in committee · Oklahoma · House Feb 4, 2025

HB 2898: Oklahoma Corporation Commission; prohibiting the construction of certain facilities within certain distance of primary residences; effective date.

HB 2898 prohibits the construction or operation of commercial pits, soil farming operations, or recycling facilities within 500 feet of a primary residence, measured as the straight-line distance from the facility to the home. This rule directly affects property owners living near such commercial operations and developers planning new facilities in residential areas. The bill creates a 500-foot buffer zone around primary residences to limit nearby commercial activity, with the requirement taking effect on November 1, 2025. It does not apply to existing facilities already operating beyond the 500-foot distance.

Topics ✗ HousingOpposes HousingProhibits commercial facilities near homes, restricting housing development opportunities by limiting where new projects can be built in residential areas.90% confidence

Track

in committee · Oklahoma · Senate Feb 4, 2025

SB 982: Real property; prohibiting leasing or owning of real property by certain persons; requiring certain affidavit as an attachment to lease or deed; requiring reversion of leased land under certain circumstances. Effective date.

SB 982 prohibits non-U.S. citizens (aliens) from owning or leasing real property in Oklahoma, with an exception for businesses engaged in regulated interstate commerce. It requires all new leases or deeds to include a sworn affidavit confirming compliance with the law, and the Attorney General must create a standard form for this. Existing non-citizen property owners must sell their land within six months of the law's effective date (November 1, 2025), or the Attorney General may sue to enforce divestment. The bill directly affects non-citizen individuals and entities holding Oklahoma real estate, mandating specific legal compliance for property transactions.

Topics ✗ HousingOpposes HousingRestricts property ownership to U.S. citizens, limiting housing access for non-citizens and requiring forced sales of existing non-citizen properties.90% confidence ✗ ImmigrationOpposes ImmigrationProhibits non-citizens from owning/leasing property, restricting immigrant access to housing and fundamental rights, a clear restriction on immigration.95% confidence

Track

in committee · Oklahoma · House Feb 4, 2025

HJR 1001: Oklahoma Constitution; ad valorem; senior fair cash value limit; ballot title; filing.

HJR 1001 proposes a constitutional amendment to Oklahoma's property tax system. It would eliminate the income requirement for seniors aged 65+ who own and occupy their homes, while maintaining other conditions: the home's property tax value must be $500,000 or less, and the owner must have lived there for 10 years (allowing up to 365 days away in a decade). The amendment keeps existing rules requiring age, occupancy, and the $500,000 value cap, but removes the need to meet income thresholds based on HUD's county median. This change would apply only to homesteads subject to the current tax limitations.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves income requirement for senior property tax relief, expanding eligibility under $500k cap, providing tax relief for fixed-income seniors.95% confidence ✓ HousingSupports HousingRemoves income requirement for senior property tax exemption, increasing affordability for elderly homeowners without altering other caps.90% confidence

Sub-Topics Property Tax Property Taxes

Track