Ad valorem tax; requiring the State Board of Equalization to assess certain broadband property. Effective date.

SB 1122 requires Oklahoma's State Board of Equalization to assess property used for *new* wired broadband infrastructure in areas with less than 10% broadband coverage (per FCC maps) at a 15% tax rate for tax years 2026-2036. It directly affects broadband service providers building infrastructure in underserved areas, defined as offering wired internet exceeding 100 Mbps download/20 Mbps upload speeds. The bill specifies that only infrastructure exclusively used for qualifying broadband service - like fiber lines and network facilities - will be taxed, excluding other property. This applies to property "constructed or installed and placed in service" after the bill's effective date.