Budget & Taxes

signed · Oklahoma · House May 13, 2025

HB 1663: Revenue and taxation; ad valorem tax; delinquent tax; sale procedures; online procedures; effective date.

HB 1663 updates Oklahoma's procedures for selling property to recover unpaid property taxes. It allows counties to conduct tax sales online during the second week of June (instead of only in-person), requiring clear notice of sale details, including property descriptions, tax amounts due, and online auction links. The bill mandates that online sales follow the same rules as in-person sales, including requiring bids to meet at least two-thirds of the property's assessed value or the total unpaid taxes, whichever is lower. This directly affects property owners with delinquent taxes, county treasurers managing sales, and mortgagees who must receive notice of the sale.

Topics ✓ Budget & TaxesSupports Budget & TaxesUpdates tax sale procedures to improve collection efficiency, strengthening revenue collection for state budgets.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

signed · Oklahoma · House May 12, 2025

HB 1205: Revenue and taxation; repeal; small wind turbine tax credit; effective date.

HB 1205 repeals Oklahoma's tax credit for small wind turbine installations by removing Section 2357.32B from the state's tax code. This change directly affects small wind turbine owners and installers who previously qualified for the credit. The repeal takes effect on November 1, 2025, eliminating the tax incentive for new installations after that date. The bill is procedural and does not create new policy, only removing an existing tax provision.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRepealing tax credit for small wind turbines directly eliminates a tax incentive, reducing fiscal support for renewable energy projects.95% confidence ✗ EnergyOpposes EnergyRepealing tax credit for small wind turbines removes financial incentive, weakening renewable energy development support.90% confidence ✗ EnvironmentOpposes EnvironmentRepeals tax credit for small wind turbines, eliminating financial incentive for clean energy adoption and weakening renewable energy support per bill summary.90% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

signed · Oklahoma · Senate May 12, 2025

SB 301: Income tax; modifying credit limit for certain institute in certain tax years. Effective date.

SB 301 modifies Oklahoma's tax credit system for donations to biomedical and cancer research institutes. It reduces annual credit limits to $1.5 million for biomedical research donations and $500,000 for cancer research donations starting in 2026, down from $2 million previously. Donors to qualifying institutes (which must receive $20 million annually in NIH funding for biomedical or $4 million for cancer research) will face new caps: $25,000 for business donors to biomedical institutes, and $1,000-$2,000 for individual filers depending on filing status. The bill adjusts how credit percentages are calculated using the second preceding year's claims and ensures credits cannot exceed tax liability.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces tax credit limits for research donations, restricting tax incentives and increasing state revenue by limiting donor benefits.90% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

signed · Oklahoma · House May 7, 2025

HB 1372: Revenue and taxation; gross production tax; limited exemption for production from certain wells; surety; effective date; emergency.

HB 1372 temporarily lowers the gross production tax rate for oil and gas from existing wells (spudded before the law's effective date) to 5% for 36 months, instead of the standard 7%. It also creates two new tax exemptions: 1) 5 years of tax-free production for secondary/tertiary recovery projects approved after July 2022, and 2) a 24-month tax exemption for wells using recycled water (proportional to recycled water usage). For orphaned wells, producers must post a $25,000 surety bond per well to qualify for a 50% tax reduction for 36 months. The bill sets annual refund limits of $15 million for recovery projects and $10 million for recycled water exemptions, requiring producers to apply for refunds through the Tax Commission.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces tax rates (7%→5%) and creates exemptions for oil/gas producers, weakening state tax revenue collection.95% confidence ✗ EnergyOpposes EnergyBill provides tax breaks for oil/gas production, favoring fossil fuels over renewables, opposing clean energy transition through targeted exemptions.85% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

signed · Oklahoma · Senate May 7, 2025

SB 582: State fiscal affairs; modifying fiscal years requiring estimated revenue collections. Effective date.

SB 582 requires Oklahoma state agencies collecting revenue into the General or Special Revenue Funds to provide the Office of Management and Enterprise Services with detailed, itemized forecasts of expected collections for the current year and the next two fiscal years. It also mandates the Oklahoma Tax Commission to submit comprehensive economic reports - analyzing recent performance and forecasting national/state trends - to the Director of Management and Enterprise Services at least two weeks before State Board of Equalization meetings, including assessments of past forecast accuracy. These reports and revenue estimates must be shared simultaneously with key legislative committees. The bill takes effect November 1, 2025, and became law without the Governor's signature on May 7, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires detailed revenue forecasts and economic reports to improve fiscal planning transparency and accountability, strengthening budget management processes.95% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

passed · Oklahoma · Senate Apr 10, 2025

SB 820: Oklahoma Five Major Sports Leagues Rebate Program Act; expanding sports leagues eligible for incentives. Effective date.

SB 820 expands Oklahoma's sports league rebate program to include the WNBA, WPF, and NWSL, in addition to the existing NFL, NBA, NHL, and MLB. It allows qualifying professional sports teams (with specific payroll and employment thresholds) to receive quarterly rebates based on verified in-state payroll, capped at $10 million annually per team. The rebate requires teams to maintain operations in Oklahoma for eligibility and repay funds if they leave within three years. The bill is currently under review by the Appropriations and Budget Finance Subcommittee.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax rebates for sports leagues, directly impacting tax policy and state spending through a targeted incentive program.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Budget & Taxes

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passed · Oklahoma · Senate Apr 8, 2025

SB 572: Oklahoma Center for the Advancement of Science and Technology; requiring the cessation of the technology business financing program; directing transfer of remaining funds. Effective date.

SB 572 ends Oklahoma's technology business financing program, which previously provided funding to help local businesses commercialize innovations. The bill requires all remaining program funds and annual royalty payments (from businesses that received funding) to be transferred to the state's General Revenue Fund by November 1, 2025. This affects OCAST (the Oklahoma Center for the Advancement of Science and Technology), businesses that had received program funding, and state finances. The program officially ceases upon the bill's effective date, redirecting all unused funds to general state revenue.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDefunds OCAST program by transferring remaining funds to General Revenue Fund instead of program-specific use, ending targeted business innovation funding.92% confidence ✗ TechnologyOpposes TechnologyEnds tech business financing program, transferring funds to General Revenue Fund, defunding innovation support for technology businesses.95% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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in committee · Oklahoma · Senate Feb 11, 2025

SB 615: State employee compensation; creating salary limit for certain state employees; providing exemptions. Effective date. Emergency.

SB 615 sets a salary cap for most Oklahoma state employees, limiting annual pay to no more than the Governor's salary (as defined in state law) starting July 1, 2025. It directly affects most state workers, excluding two key groups: higher education staff (including university officials under the State Regents) and licensed healthcare professionals (like doctors and nurses) working for state agencies. The bill requires state departments to seek legislative approval via joint resolution for any compensation exceeding the Governor's salary, though exemptions for the listed groups remain automatic. This creates a clear, enforceable limit on executive branch pay without altering existing salary structures for exempted roles.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCaps state employee salaries, restricting government spending on compensation and fiscal management per bill's explicit salary limit.90% confidence ✗ Labor & EmploymentOpposes Labor & EmploymentBill imposes salary cap limiting most state employee pay to Governor's level, restricting wage growth and compensation for workers.95% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Budget & Taxes

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