Budget & Taxes

SB 47 modifies Oklahoma's annual license fee for coin-operated music and amusement devices, reducing the fee from $75 to $37.50 per machine. It directly affects businesses operating these devices, such as arcades or music machines, by lowering their annual licensing cost. The bill also updates fee structures for other coin-operated devices (like vending machines), clarifies billing for bulk vending devices, and makes statutory language gender-neutral. It specifies that these fees replace applicable sales taxes, and includes provisions for seasonal events like fairs. The changes take effect January 1, 2026.

SB 689 modifies Oklahoma's property tax exemption for qualifying manufacturing facilities by adjusting the minimum investment threshold for eligibility to $500,000 (adjusted annually for inflation via the Consumer Price Index) and adding a new wage requirement. Facilities seeking exemption must now pay new employees an average annual wage meeting Oklahoma Quality Jobs Program standards for the year the property was placed in service. This bill directly affects manufacturing facilities, including those in aircraft repair, computer services, distribution centers, and custom order manufacturing, by changing how they qualify for a five-year property tax exemption. It updates definitions, clarifies payroll requirements, and requires annual publication of the adjusted investment threshold by the Oklahoma Tax Commission.

HB 2918, the "Expanding Access to Local Foods Act of 2025," creates a program for the Oklahoma Department of Agriculture, Food, and Forestry to purchase locally grown fruits and vegetables from small and underserved Oklahoma farmers at market value. The department will donate this produce to Oklahoma non-profits that distribute food free of charge to address food insecurity. A dedicated revolving fund, financed by state appropriations, federal grants, and private contributions, will support the program's operations. The bill requires the department to establish rules for the program and takes effect on November 1, 2025.