Budget & Taxes (Tax Incentives)

in committee · Oklahoma · House Feb 3, 2026

HB 4312: Public finance; County Economic Development Closing Fund; procedures; expenditures; agreements; emergency.

HB 4312 creates a County Economic Development Closing Fund that counties can establish to support economic development. The fund, financed by county appropriations, grants, and interest, may only be used for projects that would determine the location or retention of high-impact businesses, requiring counties to demonstrate expected benefits like new jobs, job retention, capital investment, or increased tax revenue. Counties must evaluate proposals using specific criteria (e.g., job numbers, investment size, economic impact) and enter written agreements with businesses outlining performance targets, repayment terms if goals aren’t met, and regular progress reporting. All recipients and funding amounts must be publicly disclosed by the county, excluding proprietary business information.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates County Economic Development Fund requiring projects to demonstrate increased tax revenue, promoting fiscal responsibility through targeted economic development.85% confidence

Sub-Topics Revenue Tax Incentives Tags Economic Development

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died · Oklahoma · House Feb 9, 2026

HB 3347: Revenue and taxation; ad valorem; homestead exemption; age sixty-five or older; effective date.

HB 3347 would exempt Oklahoma homeowners aged 65 or older from all property taxes on their primary residence (homestead). Currently, homesteads receive a $1,000 tax exemption; this bill replaces that with full exemption for seniors. The change applies to all property taxes based on home value (ad valorem taxes) and takes effect January 1, 2027. It directly affects Oklahoma seniors living in their primary homes, reducing their property tax burden significantly. The bill amends Oklahoma Statutes Section 2889 to expand the existing homestead exemption for this age group.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts seniors from property taxes, providing tax relief for fixed-income homeowners through full homestead exemption.90% confidence ✓ HousingSupports HousingExempts seniors from property taxes, reducing housing costs for vulnerable residents and aligning with affordable housing goals.90% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes Tags Seniors

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in committee · Oklahoma · House Feb 19, 2026

HB 3751: Revenue and taxation; ad valorem; homestead definition; mobile home; site-built home; effective date.

HB 3751 expands Oklahoma's homestead property tax exemption to include mobile homes and site-built homes (whether on owned or rented/leased land) when occupied as a primary residence. It clarifies that owners must actually reside there to qualify, with special provisions for tornado victims (2013+ disasters with federal disaster declarations). The bill defines rural homesteads as up to 160 acres and urban homesteads as no more than 1 acre. It takes effect January 1, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax exemption for primary residences, providing tax relief to qualifying homeowners including mobile/homeowners, aligning with tax relief indicators.95% confidence ✓ HousingSupports HousingExpands homestead tax exemption to mobile homes and site-built homes on rented land, reducing housing costs for primary residents and increasing affordability.95% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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passed · Oklahoma · House Apr 27, 2026

HB 4346: Revenue and taxation; sales tax; agriculture exemption; proof of eligibility; effective date.

HB 4346 modifies Oklahoma's sales tax exemption for agricultural purchases by requiring specific proof of eligibility. It establishes an agricultural exemption permit obtained through county assessors (verifying farming property and no tax delinquencies) or alternative documents like IRS Schedule F forms or Farm Service Agency paperwork. The bill also allows vendors to honor out-of-state permits from Texas, Arkansas, Kansas, New Mexico, or Missouri for qualifying agricultural purchases. Additionally, it requires permit holders to notify vendors of non-exempt purchases to maintain their exemption, with a $500 penalty for misuse on non-qualifying items.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires proof for agricultural sales tax exemption to prevent revenue loss, promoting fiscal responsibility in tax administration.95% confidence

Sub-Topics Sales Tax Tax Incentives Tags Agriculture

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died · Oklahoma · House Feb 10, 2026

HB 4197: Revenue and taxation; sales tax exemptions; nonprofit entities; public safety functions; effective date; emergency.

HB 4197 amends Oklahoma's sales tax exemption rules to expand exemptions for certain public safety and infrastructure-related purchases. It specifically adds a new exemption (under Section 1356(10)) for sales of tangible personal property or services to named state agencies (like the Oklahoma Department of Veterans Affairs) and public contractors when purchasing for public construction projects. The bill requires vendors to obtain written certification from buyers confirming purchases are made on behalf of these agencies to prevent misuse. This change directly affects state agencies, public contractors, and vendors supplying goods/services for public construction projects, clarifying which purchases qualify for tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands sales tax exemptions for public safety infrastructure purchases, reducing costs for essential services and promoting fiscal efficiency.95% confidence ✓ TransportationSupports TransportationExpands sales tax exemptions for infrastructure construction projects, reducing costs for public transportation and road infrastructure development.85% confidence ✓ VeteransSupports VeteransExempts Oklahoma Department of Veterans Affairs purchases from sales tax, reducing costs for veterans' services and aligning with funding/support indicators.95% confidence

Sub-Topics Procurement Sales Tax Tax Incentives

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in committee · Oklahoma · House Feb 3, 2026

HB 3846: Revenue and taxation; ad valorem taxation; exemptions; affordable housing projects; effective date.

HB 3846 creates a new property tax exemption for affordable housing projects financed through Low Income Housing Tax Credits (LIHTC) under federal law. It directly affects developers and operators of such housing who receive LIHTC financing. The bill requires these properties to maintain at least 75% occupancy - either as a single-family dwelling or with an average 75% rate across multi-family units - to keep the tax exemption. If occupancy falls below this threshold, the property loses its exemption for the next assessment year, requiring annual reporting to county assessors.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax exemption for affordable housing developers, providing tax relief to incentivize housing projects meeting occupancy requirements.92% confidence ✓ HousingSupports HousingCreates tax exemption for LIHTC affordable housing projects, incentivizing development and requiring 75% occupancy to maintain affordability.90% confidence

Sub-Topics Property Tax Tax Incentives Affordable Housing Housing Finance Property Taxes

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died · Oklahoma · House Feb 11, 2026

HB 4458: Revenue and taxation; five-year manufacturing exemption; legislative intent; effective date.

HB 4458 would extend a five-year property tax exemption for qualifying manufacturing facilities in Oklahoma, directly affecting new or expanded manufacturing operations that meet specific criteria. Key provisions include setting a $500,000 minimum investment threshold (adjusted annually for inflation) for facilities to qualify, clarifying that facilities need not remain unoccupied for 12 months to maintain the exemption after the first year, and requiring annual wage verification for certain applicants. The exemption applies to facilities engaged in transforming materials into new products, aircraft repair, specific data services, and large distribution centers meeting investment and employment benchmarks. This bill is currently in committee review (referred to Appropriations and Budget Finance Subcommittee) and has not yet passed.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends property tax exemption for qualifying manufacturers, providing tax relief for business investment - direct tax policy action95% confidence

Sub-Topics Business Taxes Property Tax Tax Incentives

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in committee · Oklahoma · House Feb 3, 2026

HJR 1071: Oklahoma Constitution; ad valorem; veterans; partial exemption; ballot title; filing.

HJR 1071 proposes a constitutional amendment to expand Oklahoma's property tax exemption for veterans. It would create partial tax exemptions for veterans with service-connected disabilities rated 10% to 99% (not fully disabled), based on their disability percentage: $5,000 exemption for 10-29% ratings, $7,500 for 30-49%, $10,000 for 50-69%, and $12,000 for 70-99%. This directly affects qualifying veterans (and surviving spouses) who own homestead properties in Oklahoma and have previously met homestead exemption requirements. The exemption applies to the assessed value of their primary residence, with eligibility requiring Oklahoma residency and proof of disability certification. The amendment requires voter approval via a statewide referendum.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemptions for veterans with service-connected disabilities, reducing their tax burden - direct tax relief for qualifying veterans.95% confidence ✓ VeteransSupports VeteransExpands property tax exemptions for veterans with service-connected disabilities, directly increasing financial benefits based on disability rating.95% confidence

Sub-Topics Property Tax Tax Incentives Veteran Education Veteran Healthcare

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signed · Oklahoma · Senate Apr 20, 2026

SB 1990: Incentive Evaluation Commission; modifying required considerations for estimate of economic and fiscal impact.

SB 1990 modifies how Oklahoma evaluates business incentive programs (like tax breaks or grants) by updating the criteria the Incentive Evaluation Commission must use. It requires the Commission to assess whether incentives actually change business behavior, measure their statewide economic impact (including effects on other businesses), and compare results to similar programs in Oklahoma and other states. The bill also mandates that the Commission submit annual reports by December 15 to state leaders, including specific recommendations on whether each incentive should be kept, changed, or eliminated. These reports must be publicly available online and include detailed analysis of each incentive’s cost, effectiveness, and alignment with Oklahoma’s economic goals. The bill directly affects state agencies administering incentives and the Commission, which must now follow these updated evaluation standards.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires evaluation of business incentives' economic impact to ensure fiscal responsibility and effective spending, aligning with budget management goals.85% confidence

Sub-Topics Tax Incentives Tags Economic Development

in committee · Oklahoma · House Feb 3, 2026

HB 3569: Revenue and taxation; ad valorem; homestead exemption; increase; effective date.

HB 3569 increases Oklahoma's homestead property tax exemption for qualifying homeowners starting in 2028. It directly affects homeowners with household income ≤3 times the state's median income (per U.S. Census data), allowing their exemption to grow annually based on three factors: last year's exemption amount, the property's value increase, and 20% of the current property value. Homeowners exceeding the income threshold will keep their previous year's exemption amount unchanged. The bill takes effect January 1, 2027, with the new calculation method applying to tax years beginning January 1, 2028, and 2029.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption for low-to-moderate income homeowners, reducing their property tax burden per bill's income threshold and exemption calculation rules.90% confidence ✓ HousingSupports HousingIncreases homestead tax exemption for low-income homeowners (≤3x median income), reducing housing costs and supporting affordability through tax relief.85% confidence

Sub-Topics Property Tax Tax Incentives Property Taxes

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