Budget & Taxes

died · Oklahoma · Senate Mar 3, 2025

SB 72: Sales Tax Relief Act; modifying authorized claim amounts for certain years. Effective date.

SB 72 updates Oklahoma's Sales Tax Relief Act to adjust income thresholds and refund amounts for low-income residents filing for sales tax refunds. For 2025 and beyond, single filers without dependents or special circumstances may claim up to $200 annually if their household income is under $35,000 (or $100 under $40,000). Individuals with dependents, disabilities, or who are 65+ may claim up to $200 under $45,000 (or $150 under $50,000). The bill directly affects Oklahoma residents meeting these income criteria who file annual sales tax relief claims.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides direct sales tax refunds to low-income residents, reducing their tax burden through adjusted income thresholds for qualifying groups.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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died · Oklahoma · Senate Mar 3, 2025

SB 239: Income tax; limiting credit allowance for zero-emission facilities to certain tax years; limiting carry forward of credit. Effective date.

SB 239 modifies Oklahoma's tax credit for electricity generated by zero-emission facilities (like wind, solar, hydro, or geothermal power plants). It limits the credit to tax years ending by 2025, ending the ability to carry forward unused credits beyond that year. For credits claimed after July 2019, taxpayers must choose between receiving an 85% direct refund or carrying the credit forward for up to 10 years (ending in 2025). This bill directly affects businesses and entities generating eligible renewable electricity in Oklahoma, altering how they can use or access these tax credits.

Topics ✗ Budget & TaxesOpposes Budget & TaxesLimits tax credit carry-forward beyond 2025, restricting tax benefits for businesses generating zero-emission energy.90% confidence ✗ EnergyOpposes EnergyBill limits tax credit carry-forward for zero-emission facilities beyond 2025, restricting long-term incentives for renewable energy projects.92% confidence ✗ EnvironmentOpposes EnvironmentLimits tax credit duration for clean energy facilities, ending carry-forwards after 2025, weakening long-term incentives for zero-emission power generation.95% confidence | Rep's Stance ✗ Voted No ✓ Supports Budget & Taxes

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died · Oklahoma · Senate Feb 26, 2025

SB 472: Oklahoma Parental Choice Tax Credit Act; expanding scope of scholarships while participating in the program. Effective date.

SB 472, titled "Oklahoma Parental Choice Tax Credit Act; expanding scope of scholarships while participating in the program," was withdrawn from committee on February 19, 2025, and is no longer active. The bill's original intent, as reflected in its title, was to expand tax credit eligibility for education scholarships under Oklahoma's parental choice program. However, with the title stricken and the bill withdrawn, no legislative action or policy changes were enacted. This procedural withdrawal means the proposed expansion of scholarship access did not advance.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill expands tax credits for education scholarships, providing tax relief and aligning with tax policy support for education funding through fiscal incentives.95% confidence ✓ EducationSupports EducationBill explicitly aimed to expand tax credit scholarships for education, increasing parental choice and access to educational options under Oklahoma's parental choice program.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Feb 24, 2025

SB 231: Sales tax; expanding items eligible for the August sales tax holiday. Effective date.

SB 231 expands Oklahoma's August sales tax holiday to include additional school-related items. It adds school art supplies, school instructional materials (like reference books), and school computer supplies to the list of exempt items, alongside existing clothing, footwear, and sports equipment. The exemption applies to purchases under $100 during the three-day holiday period (first Friday in August to Sunday following). This directly affects students, parents, and schools purchasing these specific educational items during the tax-free window. The bill does not change the existing tax holiday dates or price threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax holiday for school supplies, providing temporary tax relief for families purchasing essential items, aligning with tax relief for middle/lower income.95% confidence ✓ EducationSupports EducationExpands sales tax exemption for school supplies (art, instructional materials, computers), reducing costs for families/schools purchasing educational resources, directly enhancing access to necessary materials.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · Oklahoma · Senate Feb 24, 2025

SB 240: School funding; modifying calculation of State Aid; increasing percentage of certain funds to be retained. Effective date.

SB 240 modifies Oklahoma's school funding formula by increasing the percentage of state education funds retained for midyear adjustments from 1.5% to 4%. It updates how State Aid is calculated using actual tax collections, adjusted assessed valuation, and weighted average daily membership (ADM) from the previous year. The bill affects all Oklahoma public school districts by changing their allocation method and removing outdated provisions related to tax calculations and reporting requirements. These changes aim to improve the accuracy of funding distributions while streamlining administrative processes.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases state education funds retention from 1.5% to 4% for midyear adjustments, ensuring stable school funding allocation via updated tax-based calculations.85% confidence ✓ EducationSupports EducationIncreases state education funds retention from 1.5% to 4%, enhancing school funding stability and allocation accuracy for public districts.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · Oklahoma · Senate Feb 20, 2025

SB 1124: Sinking funds; requiring levy sufficient for timely redemption; prohibiting issuance for certain period if redeemed below par. Effective date.

SB 1124 requires Oklahoma school districts (excluding technology centers) to set property tax levies high enough to fully redeem bonds and pay interest within the originally proposed timeframe. If a bond is redeemed early at a discount (below par), the district must reduce its tax levy to zero for one full tax year and cannot issue new bonds for the same purpose for one year. The State Auditor enforces these rules, and non-compliant districts must transfer 10% of state aid to an education fund, or face limits on future bond issuance. The bill takes effect November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill enforces fiscal responsibility by mandating sufficient tax levies for bond redemption, penalizing underfunding through levy reductions and bond issuance bans, aligning with promoting fiscal management.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Feb 20, 2025

SB 474: Sales tax; permit requirement; sale for resale tax exemption. Effective date.

SB 474 requires businesses that buy goods to resell (like wholesalers) to obtain a free permit from the Oklahoma Tax Commission to claim sales tax exemption on those purchases. Vendors must honor valid permits, and claiming exemption without one is a misdemeanor punishable by up to $1,000. Permits expire June 30 annually and can be verified electronically by sellers through a system developed by the Tax Commission. This replaces the previous system where businesses could self-claim the exemption without verification. The bill takes effect June 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses sales tax exemption loophole by requiring permits, ensuring proper tax collection and fiscal responsibility per bill's replacement of self-claim system.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · Oklahoma · Senate Feb 20, 2025

SB 38: Sales and use tax apportionment; modifying apportionment for Oklahoma Historical Society. Effective date. Emergency.

SB 38 modifies Oklahoma's sales tax revenue allocation to provide a fixed annual amount for the Oklahoma Historical Society. It specifies that starting in fiscal year 2026, 0.06% of sales tax revenue will be directed to the Historical Society's Capital Improvement and Operations Revolving Fund, capped at $1,880,553.25 annually. This change directly affects the Historical Society's funding, replacing the previous cap based on 2015 apportionment amounts. The bill does not alter other tax revenue allocations for education, tourism, or general funds.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates 0.06% of sales tax revenue (capped at $1.88M) to Oklahoma Historical Society, providing dedicated funding for its operations. This is a direct budgetary appropriation supporting state program funding.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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in committee · Oklahoma · Senate Feb 13, 2025

SB 164: Oklahoma Education Lottery Act; authorizing board of trustees to enter into agreements or contracts for the implementation of sports pools; promulgating rules; authorizing development of certain criteria; providing for licensing fees; creating the Sports Pools Fund. Effective date.

SB 164 authorizes the Oklahoma Lottery Commission to implement and regulate sports betting pools, directly affecting licensed retailers and the commission itself. It creates new licensing criteria for businesses offering sports pools (wagering on sports outcomes via in-person or mobile platforms), requires licensing fees, and mandates annual reports and audits. The bill establishes a dedicated "Sports Pools Fund" to channel revenue from these bets into the state's education funding system, replacing previous prohibitions on such betting. This policy change expands the lottery's offerings beyond traditional games, adding a new revenue stream for educational programs while setting specific operational rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates Sports Pools Fund to direct wagering revenue into education funding, increasing state revenue for public services.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Feb 10, 2025

SB 736: Income tax; creating the Health Care Sharing Ministry Tax Parity Act; stating certain deduction and procedures; requiring Oklahoma Tax Commission to create forms and guidelines. Effective date.

SB 736 creates the "Health Care Sharing Ministry Tax Parity Act," allowing Oklahoma residents who are active members of qualifying health care sharing ministries (HCSMs) to deduct their contributions from their state income tax starting in 2026. It directly affects Oklahoma residents who have been active HCSM members for at least one month during the tax year, treating their contributions like health insurance premiums for tax purposes. The bill requires the Oklahoma Tax Commission to develop forms for claiming the deduction, prohibits taxing reimbursements from HCSMs, and mandates annual reporting on the program's impact.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for HCSM contributions, reducing taxable income for qualifying residents - provides tax relief per SUPPORT indicators.90% confidence ✓ HealthcareSupports HealthcareAllows tax deductions for health care sharing ministry contributions, treating them like insurance premiums to expand coverage options for residents.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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