Budget & Taxes

in committee · Oklahoma · Senate Feb 4, 2025

SB 126: Department of Transportation; making an appropriation. Effective date. Emergency.

SB 126 appropriates $2 million from Oklahoma's General Revenue Fund to the Department of Transportation for improving access to industrial areas experiencing major developments. The funding is specifically intended to enhance transportation access in these growing industrial zones. The bill takes effect on July 1, 2025, and includes an emergency declaration for immediate implementation upon approval. This is a straightforward funding measure with no additional policy provisions or voting record impact.

Topics ✓ Budget & TaxesSupports Budget & TaxesAppropriates $2M from General Revenue Fund for transportation infrastructure, increasing state budget allocation for public service projects.95% confidence ✓ TransportationSupports TransportationAllocates $2M to DOT for transportation access improvements in industrial zones, directly funding infrastructure enhancements.95% confidence

Sub-Topics Appropriations Revenue

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signed · Oklahoma · Senate May 4, 2026

SB 1134: Oklahoma State University Medical Authority; making an appropriation; stating purpose. Effective date. Emergency.

SB 1134 allocates $100,000 from Oklahoma's General Revenue Fund to the Oklahoma Health Care Authority for the 2026 fiscal year. The bill directly provides funding for the Authority to carry out its legal duties. It declares an emergency to allow immediate implementation upon passage. This is a procedural appropriations measure with no policy changes beyond the specified funding amount.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $100k from General Revenue to Oklahoma Health Care Authority for essential duties, funding a public service program.95% confidence ✓ HealthcareSupports HealthcareAllocates $100,000 to Oklahoma Health Care Authority for fiscal year 2026, directly funding public health authority operations without policy changes.85% confidence

Sub-Topics Appropriations Revenue

in committee · Oklahoma · House Feb 4, 2025

HB 2881: Revenue and taxation; deduction; broadband equipment; federal funds; effective date.

HB 2881 creates a tax deduction for Oklahoma businesses receiving specific federal broadband funding. It allows businesses to deduct funds distributed by the Oklahoma Broadband Office under federal programs like the American Rescue Plan Act (ARPA) and the Infrastructure Investment and Jobs Act's BEAD Program, provided the money is spent on broadband equipment or services. This deduction applies to taxable income for years starting January 1, 2025, and is distributed to pass-through business owners. The bill directly affects Oklahoma broadband providers and service entities using federal recovery funds for infrastructure.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax deduction for broadband business investments, reducing taxable income. Aligns with tax relief for business growth under federal broadband programs.95% confidence ✓ TechnologySupports TechnologyBill creates tax deduction for broadband equipment spending, directly advancing internet access infrastructure through financial incentives for businesses.95% confidence

Sub-Topics Business Taxes Tax Incentives Broadband Access

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in committee · Oklahoma · Senate Apr 2, 2025

SB 1154: Appropriations; making an appropriation to the Oklahoma Department of Agriculture, Food, and Forestry. Emergency.

SB 1154 provides $100,000 in state funding to the Oklahoma Department of Agriculture, Food, and Forestry from the General Revenue Fund for the 2025-2026 fiscal year. The funds are intended to support the department's existing legal duties, such as agricultural oversight and food safety programs. The bill declares an emergency to allow immediate implementation upon approval, bypassing standard legislative timelines. This is a routine funding measure affecting the department's operations, not a new policy change. The bill is currently under review by the Joint Committee on Appropriations and Budget.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates $100k from General Revenue Fund to fund agricultural oversight and food safety programs, supporting essential department operations within budget appropriations.90% confidence

Sub-Topics Appropriations Revenue

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in committee · Oklahoma · Senate Feb 4, 2025

SB 311: Taxation; gross production tax on certain interests; modifying tax rate. Effective date.

This bill modifies Oklahoma's gross production tax rates for oil and gas. It reduces the tax rate from 7% to 5% for oil and gas production from wells spudded before July 18, 2018, for 36 months. It also creates two new exemptions: a 5-year tax exemption for secondary/tertiary recovery projects (approved after July 1, 2022) and a 24-month exemption for wells completed using recycled water (proportional to recycled water use). Refunds for these exemptions are capped at $15 million annually for recovery projects and $10 million for recycled water projects. The bill directly affects oil and gas producers operating in Oklahoma.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces oil/gas tax rates and creates exemptions, decreasing state tax revenue for specific production activities.95% confidence ✗ EnergyOpposes EnergyReduces oil/gas tax rates and creates exemptions for fossil fuel projects, directly subsidizing fossil fuel production over renewable alternatives.95% confidence ✗ EnvironmentOpposes EnvironmentReduces oil/gas production taxes, incentivizing increased extraction and weakening environmental protections by lowering regulatory costs for fossil fuels.85% confidence

Sub-Topics Business Taxes Tax Incentives Oil & Gas

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in committee · Oklahoma · House Feb 4, 2025

HJR 1020: Constitution; Oklahoma Veterans Lottery Trust Fund; funding; Oklahoma Veterans Trust Fund Board of Governors; membership; appropriation; ballot title; filing.

This constitutional amendment (HJR 1020) creates the "Oklahoma Veterans Lottery Trust Fund" funded exclusively by the Oklahoma Veterans Lottery game. It restricts the fund's use to specific veteran services: grants for veteran service organizations' youth programs and operational costs, emergency aid for individual veterans/families, indigent funerals, and veteran outreach programs with over 50% veteran attendance. The bill prohibits using these funds to replace existing state funding for veterans' programs and requires annual review by the State Board of Equalization to ensure funds enhance rather than supplant other veteran support.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates dedicated funding (Oklahoma Veterans Lottery Trust Fund) for essential veteran services, prohibiting replacement of existing state funding, thus advancing program funding without broad tax changes.95% confidence ✓ VeteransSupports VeteransCreates dedicated lottery fund for veteran services (youth programs, emergency aid, funerals), explicitly funding veterans' programs per bill's restricted uses.95% confidence

Sub-Topics Appropriations Veteran Benefits

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in committee · Oklahoma · Senate Feb 4, 2025

SJR 17: Constitution; modifying timing of property tax asessment; limiting fair cash value.

This Senate Joint Resolution (SJR 17) proposes a constitutional amendment to change Oklahoma's property tax assessment rules. It would limit how often property values are reassessed (to once every four years instead of annually) and modify growth limits: property values would be capped at a 5% increase per four-year period (3% for homestead or agricultural land), rather than annually. If approved by voters, these changes would apply to real estate taxes on locally assessed property, affecting homeowners and landowners who pay ad valorem taxes. The amendment is being sent to voters for approval through a ballot measure.

Topics ✓ Budget & TaxesSupports Budget & TaxesCapping annual property tax increases at 5% (3% for homesteads) provides tax relief for homeowners, aligning with fiscal responsibility in tax management.90% confidence

Sub-Topics Property Tax

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in committee · Oklahoma · House Feb 4, 2025

HB 2176: State revenue administration; medical marijuana taxation; procedures; effective date.

HB 2176 establishes a 7% tax on retail medical marijuana sales in Oklahoma, collected at the point of sale by the Oklahoma Tax Commission (replacing the Medical Marijuana Authority as collector). The Tax Commission retains 1.5% of collected funds as a fee, with the remaining revenue (after fees) split: $65 million annually first allocated to public school funding (59.23%), the Medical Marijuana Authority (34.62%), and drug rehabilitation programs (6.15%), with any surplus going to the state general fund. The bill also mandates permanent license revocation for medical marijuana businesses that intentionally fail to pay taxes. It takes effect November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 7% medical marijuana tax, allocates 59.23% of revenue to public schools and 6.15% to drug rehab programs, directly funding public services.95% confidence ✓ Criminal JusticeSupports Criminal JusticeBill allocates 6.15% of medical marijuana tax revenue to drug rehabilitation programs, directly funding a key criminal justice reform initiative to reduce recidivism.85% confidence ✓ EducationSupports EducationBill allocates $65M annually to public school funding (59.23% of revenue), directly increasing education funding per summary.95% confidence ✓ HealthcareSupports HealthcareAllocates 6.15% of medical marijuana tax revenue to drug rehabilitation programs, directly funding public health initiatives under healthcare topic.95% confidence

Sub-Topics Revenue State Budget Drug Policy School Funding

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in committee · Oklahoma · Senate Feb 24, 2025

SB 449: Counties; modifying certain process for funding county rainy day fund; allowing for certain use of county rainy day fund for general budget. Effective date. Emergency.

SB 449 modifies Oklahoma county rainy day fund rules to allow counties to use portions of these funds for general budget needs under specific conditions. It permits counties to draw up to 25% of their rainy day fund balance to supplement the general budget if it is smaller than the previous year's budget, and up to 12.5% (1/8) to address revenue shortfalls when collections fall below estimates. The bill maintains existing restrictions, requiring budget approval before transfers and limiting emergency use (e.g., natural disasters) to 50% of the fund. It directly affects all Oklahoma counties managing rainy day funds, providing new flexibility for budget adjustments without altering the 50% cap on fund size. The changes take effect July 1, 2025, following an emergency declaration.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllows counties to use rainy day funds for budget shortfalls, promoting fiscal responsibility and budget stability.85% confidence

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died · Oklahoma · House Feb 7, 2025

HB 1806: Revenue and taxation; individual income tax; tax rates; effective date.

HB 1806 amends Oklahoma's individual income tax code to reduce tax rates for most filers, effective for taxable years beginning in 2024. It lowers the top marginal tax rate from 5.50% to 4.75% for single filers and 5.50% to 4.75% for married couples filing jointly (after specific income thresholds), while eliminating deductions for federal income taxes paid. The bill directly affects all Oklahoma residents and nonresidents with taxable income subject to state income tax. Key provisions include revised tax brackets for both single and joint filers, with the lowest rate reduced to 0.25% on the first $2,000 of taxable income for married filers.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces top individual income tax rates from 5.50% to 4.75% for most filers, providing direct tax relief and aligning with fiscal responsibility indicators.95% confidence

Sub-Topics Business Taxes Income Tax

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