Oklahoma's SJR 39 proposes a constitutional amendment to reduce limits on annual increases in property tax assessments. It would lower the maximum annual growth rate for most real property from 5% to 3% (for tax years 2027 onward) and further reduce limits for homestead properties (primary residences) and agricultural land from 3% to 1%. The amendment applies to locally assessed real property, excluding personal property and properties with recent transfers or improvements. If approved by voters, these changes would take effect for tax years beginning in 2027.
SB 1145 allocates $100,000 from Oklahoma's General Revenue Fund to the Office of Management and Enterprise Services (OMES) for fiscal year 2026. This funding is intended to support OMES in carrying out its statutory duties, which include managing state government operations like information technology and facilities. The bill declares an emergency to allow immediate implementation upon approval, as stated in Section 2. This is a routine budgetary measure with no substantive policy changes beyond the specified funding amount.
SB 1148 allocates $100,000 from Oklahoma's General Revenue Fund to the Department of Transportation for the 2025-2026 fiscal year. This funding supports the department's existing duties under current law, such as road maintenance and transportation projects. The bill declares an emergency to allow immediate implementation upon approval. It directly affects the Department of Transportation's budget for state transportation operations. (1 sentence summary as it is a procedural appropriations bill.)
SB 1175 amends Oklahoma law to clarify the Director of the Office of Management and Enterprise Services' role in processing state agency claims and payrolls. It authorizes the Director to establish electronic systems and forms for agencies to file claims against multiple fund accounts, requiring approval after audit. The bill also mandates detailed payroll records showing total earnings, withholdings, and net pay for state employees, allowing withholdings to be reserved for lump-sum payments. This procedural bill affects state agencies' internal financial operations and takes effect immediately due to an emergency declaration.
SB 1161 allocates $100,000 from Oklahoma's General Revenue Fund to the Department of Corrections for the 2026 fiscal year. This funding supports the department's existing legal responsibilities, such as managing correctional facilities and staff operations. The bill declares an emergency to allow immediate use of these funds upon approval, bypassing standard budget timelines. It provides specific financial support for current Department of Corrections duties without creating new programs or altering existing laws.
SB 1992 creates a new income tax credit program for businesses constructing or expanding facilities in qualifying locations across Oklahoma, such as underpopulated counties (under 100,000 people) or near rail infrastructure. It allows a 10% tax credit on construction and expansion costs (up to $6 million per project) and a 50% credit for rail infrastructure projects (up to $3 million per project), with a total annual state cap of $12 million. The bill defines "strategic finance partner" as entities providing capital (like loans or investments) to qualifying projects, enabling them to claim the tax credit through assignment to the business. The credit expires after tax year 2027 and requires Oklahoma Department of Commerce approval for project eligibility.
SB 1919 increases Oklahoma's annual cap on tourism development incentives from $30 million to $60 million. It affects tourism companies building attractions by allowing sales tax credits of up to 10% for projects under $1 million or 25% for larger projects, subject to revenue-neutrality rules (ensuring projects don't cost the state money). Entertainment District developers can also choose to receive incentive payments based on tenant sales tax collections, with a 10% annual payment limit. All incentives require verification of project costs and must not exceed the state's revenue-neutral threshold.
SB 1937 prohibits employers who engage in specific labor practices from receiving Oklahoma's economic development incentives (such as grants, loans, or tax credits). It directly affects employers seeking these incentives by banning: (1) granting union recognition based solely on signed cards instead of secret ballot elections, (2) sharing employee contact information without consent, (3) signing neutrality agreements with unions, and (4) requiring subcontractors to violate these rules. Employers found violating these provisions must repay all incentives received for the project. The bill exempts existing agreements before its November 1, 2026, effective date and employers with current collective bargaining agreements.
SB 1696 creates the Oklahoma Talent Attraction and Relocation Revolving Fund in the state treasury to support a new program administered by the Oklahoma Department of Commerce. It provides grants to cities, counties, or qualifying nonprofits to recruit high-income households (earning at least $55,000 annually) relocating to Oklahoma from outside the state, with a maximum grant of $250,000 per municipality per year. Grants are disbursed in two installments: 50% upfront and 50% after verifying at least half of the targeted household relocations. Recipients must submit semiannual reports on relocation numbers, economic impact, and grant usage, and repay funds if goals aren't met or if funds are misused. The program takes effect November 1, 2026.
SB 1395 modifies Oklahoma's new jobs tax credit program for manufacturers. The bill restricts the credit to specific tax years and changes how unused credits can be carried forward to future years. Manufacturers must now submit an application and receive approval before claiming the credit. These changes update the program's eligibility and administrative requirements.
