SB 1332, the THRIVE Act, creates a program providing zero-interest loans to eligible housing developers needing water, wastewater, or stormwater infrastructure to complete housing projects. It establishes a $100 million revolving fund administered by the Oklahoma Water Resources Board, allocating funds based on population size (33% to large cities, 33% to mid-sized areas, 34% to small communities). The program requires a scoring system for applications prioritizing housing needs, economic development, workforce housing, and fiscal sustainability, with a clawback provision requiring repayment if projects aren't completed. It mandates annual public reporting on project status and outcomes, effective November 1, 2026.
SB 1366 establishes Oklahoma's High Dosage Tutoring Program for K-8 students needing academic support in math or English language arts. The program requires schools to provide in-person tutoring (3 one-hour sessions weekly for 10-12 weeks per semester) and prioritizes districts designated for federal improvement under the Every Student Succeeds Act. Tutors earn bonuses based on student progress - $1,600 per cohort per semester and $1,000 per student achieving half a grade level of growth annually - with conditional participation if growth targets aren't met. The program is funded through the Teacher Empowerment Revolving Fund, mandates parental consent for student participation, and requires schools to report student assessment data to the State Department of Education.
SB 1809 increases Oklahoma's homestead property tax exemption from $1,000 to $5,000 annually for homeowners. It directly affects residents who own their primary residence as a homestead by reducing their taxable property value. The bill amends tax law to raise the exemption amount starting with the 2027 tax year, meaning homeowners will pay property tax only on the value exceeding $5,000. The change takes effect November 1, 2026.
This bill authorizes an emergency appropriation of approximately $19.66 million to the Oklahoma Department of Mental Health and Substance Abuse Services. The funds must come from the Rate Preservation Fund in the State Treasury and are designated specifically for Title XIX services, which are Medicaid-funded mental health and substance abuse programs. The legislation includes an emergency provision, allowing the funding to take effect immediately upon the governor's approval without waiting for the regular budget cycle. This action provides direct financial resources to the state agency responsible for administering mental health and substance abuse services.
This bill expands Oklahoma's School Security Revolving Fund to cover additional security measures and requires annual allocations for three fiscal years. It directly affects Oklahoma public schools and the State Department of Education, which manages the fund. Key provisions include removing previous spending limits, mandating yearly fund allocations (subject to available money), and specifying that funds must be used for school resource officers, physical security upgrades (like cameras, locks, and ballistic shelters), and mental health counseling services. The bill emphasizes these funds must supplement, not replace, existing school security funding.
SB 1387 allows Oklahoma residents who sell a vehicle within six months before or after purchasing a new one to deduct the sold vehicle's value from the sales tax calculation on their new purchase. Specifically, if a buyer paid tax on the full price of a new vehicle but sold a vehicle within that six-month window, they can receive a refund equal to 1.25% of the sold vehicle's value (up to the total tax paid). This change directly affects individuals trading in used cars when buying new ones, simplifying tax refunds for this common scenario. The bill amends Oklahoma's tax code to clarify this deduction mechanism in Sections 1355 and 1404 of Title 68.
SB 1398, the "Children's Promise Act," creates an income tax credit for Oklahoma taxpayers who donate to qualifying charities focused on child welfare. The credit equals 50% of the donation (capped at the taxpayer’s total income tax bill) for organizations meeting strict criteria, including being headquartered in Oklahoma, serving children in state custody, preventing abuse/abandonment, or promoting traditional family values. Charities must certify they do not provide, fund, or support abortion services and meet specific local impact requirements. Taxpayers claim the credit on their tax return, and unused credits can be carried forward for up to five years.
SB 1842 allows Oklahoma county treasurers to offer property owners the option to pay annual ad valorem (property) taxes in 12 monthly installments for the upcoming year. Eligible taxpayers must notify the county treasurer in writing between December 1 and January 15 each year, but cannot use this option if they have delinquent taxes, ongoing valuation protests, or pay taxes through escrow. Monthly payments are due by the 15th (or 31st for December), and missed payments may terminate the prepayment option, requiring full payment under standard rules. This provides an alternative payment schedule without changing tax rates or amounts, applying only to property taxes for the following calendar year.
SB 683 creates an Oklahoma income tax credit for families covering education expenses for eligible students. It directly affects Oklahoma taxpayers with children in accredited private schools or using approved alternative education methods (like homeschooling). The credit amount varies by family income: up to $7,500 annually for lower-income families ($75,000 adjusted gross income or less), decreasing to $5,000 for higher earners ($250,000+), with separate provisions for schools serving homeless or financially disadvantaged students. Qualified expenses include private school tuition, tutoring, textbooks, and standardized test fees, but exclude amounts covered by scholarships. The bill amends existing tax law to define terms and update references, effective for tax years 2024 and beyond.
This Oklahoma bill (SB 2158) allows residents who use health care sharing ministries to deduct membership fees and administrative costs from their state income tax starting in 2027. It also makes money received from these ministries for medical expenses tax-free. To qualify, individuals must have been active members for at least one month during the tax year. The law expires if Oklahoma stops collecting individual income tax.
