Housing (Renters)

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 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.