SB 678 creates a state fund to reimburse Oklahoma counties for lost property tax revenue when centrally assessed properties (like oil/gas facilities) decrease in value. Counties qualify if they lose at least $250,000 in annual tax collections from these properties, receiving 25% of the loss for the first two years after the valuation drop. Reimbursement funds prioritize school districts first, with remaining funds going to counties. The bill appropriates $2 million from the General Revenue Fund to start the fund, effective July 2025.
HB 1659 creates an income tax credit for married biological parents of children under 18 living at home. Parents receive $500 per child if married during the tax year, or $1,000 per child if married before the child's birth. To qualify, parents must be legally married for the entire tax year, reside with the child for at least six months (with exceptions for military deployment or newborns), and the child must be their biological child as verified by birth certificate or custody records. The credit cannot reduce tax liability below zero, and unused amounts can be carried forward for up to ten years.
HB 2028 would amend Oklahoma's sales tax code to exempt gun safes, firearm ammunition, and firearms from state sales tax. This change would directly affect consumers purchasing these items, as they would no longer pay the standard 4.5% state sales tax on these specific products. The bill achieves this by adding explicit language to Section 1357 of the Oklahoma Statutes, listing these items as tax-exempt under the "Exemptions - General" section. The bill is currently in committee review after its first reading in February 2025.
SB 101 creates an income tax credit for Oklahoma residents paying rent or mortgage on their primary residence. It provides refundable credits ranging from $1,000 to $7,000 based on household income (as a percentage of Oklahoma's state median income) and the number of dependents. The credit applies to tax years starting in 2026, with limits of one credit per residence and refunding excess amounts if the credit exceeds the tax owed. This directly benefits low-to-moderate-income Oklahoma households struggling with housing costs. The bill takes effect November 1, 2025.
SB 107 creates a state income tax credit for ambulance service staff in Oklahoma, effective for tax year 2025 and beyond. It provides specific credit amounts based on certification level: $100 for certified emergency medical responders, $200 for emergency medical technicians, $400 for intermediate/advanced EMTs, and $600 for paramedics. To qualify, workers must maintain required licenses/certifications and submit employer documentation verifying employment through the tax year, with only one credit allowed per tax year. The bill also requires the State Commissioner of Health to create an online submission form for this documentation.
SB 938 creates a state grant program to help Oklahoma municipalities increase workforce housing availability. Workforce housing is defined as housing for households earning 60% to 120% of the county's median income. Municipalities must submit a detailed plan covering current housing supply, projected needs, land use, and existing programs to qualify for one-time grants administered by the Oklahoma Housing Finance Agency. The program uses a new revolving fund in the state treasury, funded by state appropriations and private donations, and requires grantees to submit quarterly progress reports and repay funds if they fail to meet agreement terms. The law takes effect July 1, 2025.
SB 1087 allows property owners in Oklahoma to claim a credit against their annual property tax if local governments (counties, cities, or municipalities) fail to enforce laws against specific public nuisances like illegal camping, obstruction of streets, or public intoxication. The credit equals either the reduced property value caused by this inaction or the reasonable costs the owner incurred to mitigate the nuisance (e.g., security fencing). Property owners may claim this credit once yearly, with unused portions carried forward for up to 10 years, and local governments must prove the credit amount is unreasonable if challenged. The bill explicitly excludes credits for case-by-case prosecutorial decisions or federal-mandated actions.
HB 1428 creates a $10 million revolving fund called the "Building Equalization for K-8 Student Transfers Revolving Fund" (BEST Fund) to support school districts that receive K-8 students from other districts. The fund can be used for specific facility expenses like building construction, repairs, equipment purchases, utility costs, security systems, and school buses. Districts must use the funds only for these approved purposes, and expenditures require state approval through warrants. The fund is ongoing (not limited to fiscal years) and takes effect July 1, 2025.
SB 241 appropriates $20 million from Oklahoma's General Revenue Fund to the Department of Commerce for rebates on capital investments in hydrogen-related manufacturing. It directly affects companies building facilities that refine, manufacture, or process hydrogen-based products within chemical manufacturing industries (NAICS codes 324 or 325). The key provision offers rebates for qualifying capital expenses, funded by the state's general revenue. The program becomes effective November 1, 2025.
HB 1351 requires state agencies to submit detailed annual budgets by June 1, including quarterly spending breakdowns, organizational charts, and mission statements, and mandates agency leaders to certify compliance with budgeting rules. It also creates a transparency requirement: agency leaders must report within 72 hours any suggestion from a legislator (or their staff) about how state funds should be spent - including the time, nature of the suggestion, and the legislator’s identity - to the State Ethics Commission and post it online. These provisions apply to most state agencies, excluding CompSource Oklahoma under a specific pilot program, and take effect on November 1, 2025. The bill aims to increase accountability in budget decisions by making verbal funding requests publicly visible.
