Budget & Taxes

in committee · Oklahoma · House Feb 4, 2025

HB 1009: Revenue and taxation; income tax; rates; effective date.

HB 1009 reduces Oklahoma's individual income tax rates for tax years beginning in 2022-2024. It lowers the top marginal rate from 5.50% to 4.75% for single filers (and 5.50% to 5.25% for married couples filing jointly) on income above specific thresholds, with new brackets starting at 0.25% for the first $1,000 of taxable income. The bill directly affects all Oklahoma residents and nonresidents who file individual income tax returns. Key provisions include lowering rates across all income tiers and specifying that reductions apply to tax years ending in 2024. The bill also includes similar rate reductions for corporate income tax.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces income tax rates across all tiers, providing tax relief per budget & taxes topic.90% confidence

Sub-Topics Business Taxes Income Tax

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died · Oklahoma · House Feb 11, 2025

HB 2256: Education; Apprentice Scholarship Program Revolving Fund; Oklahoma State Board of Career and Technology Education; grants; effective date.

HB 2256 creates a revolving fund in the Oklahoma State Treasury to support apprenticeship scholarships for high school graduates. The fund, financed by state appropriations and private donations, will provide grants covering tuition and fees for eligible students entering federally approved technical apprenticeship programs through Joint Apprenticeship & Training Committees. Applications for these grants will be reviewed competitively statewide by the Oklahoma State Board of Career and Technology Education. The program becomes effective November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state-funded revolving fund for apprenticeship scholarships, using state appropriations to allocate budget resources for education programs.90% confidence ✓ EducationSupports EducationCreates revolving fund for apprenticeship scholarships, funding tuition/fees for technical programs, expanding access to career education pathways.95% confidence

Sub-Topics Career & Technical Education Higher Education Student Financial Aid

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in committee · Oklahoma · Senate Feb 3, 2026

SJR 23: Constitutional amendment; transferring ad valorem provisions to statute; expanding exemption and modifying cap on fair cash value; authorization to levy consumption tax.

SJR 23 proposes moving Oklahoma's property tax rules from the state constitution to statutes while introducing alternatives for local taxation. It would fully exempt the primary residence value of Oklahomans aged 65+ from property taxes, allow temporary freezes on property values for other residents, and authorize counties to replace property taxes with voter-approved consumption taxes (like a sales tax) for local funding. The bill modifies how homestead property values are calculated and sets new caps on value increases for qualifying homes. This would directly affect homeowners (especially seniors), counties (which could propose new tax structures), and voters (who must approve tax changes).

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax exemptions for seniors and freezes for residents, reducing tax burden. Authorizes local consumption taxes as alternative funding, promoting fiscal flexibility and relief.95% confidence ✓ HousingSupports HousingExempts seniors' primary residences from property taxes, reducing housing costs for this group.80% confidence

Sub-Topics Property Tax Sales Tax Property Taxes

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died · Oklahoma · Senate Mar 3, 2025

SB 1095: Credit sales; prohibiting charge of network fees and interchange fees on certain transactions. Effective date.

SB 1095 prohibits merchants from charging network fees or interchange transaction fees on specific parts of credit card transactions in Oklahoma. It directly affects merchants processing payments for sales tax, excise tax, customer tips, and donations to 501(c)(3) nonprofit organizations. The bill bans these fees for those transaction portions, ensuring merchants cannot pass these costs to customers for these specific purposes. The law takes effect November 1, 2025. This is a concrete policy change to reduce costs for certain transaction types, not a procedural or commemorative measure.

Topics ✓ Budget & TaxesSupports Budget & TaxesPrevents merchants from adding fees to sales/excise tax transactions, ensuring full tax revenue collection for state budget without merchant deductions.95% confidence

Sub-Topics Sales Tax

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in committee · Oklahoma · House Feb 4, 2025

HB 2198: Revenue and taxation; sales tax; exemptions; hearing aids; effective date; emergency.

HB 2198 amends Oklahoma's sales tax code to exempt the purchase of hearing aids from state sales tax. This directly affects individuals in Oklahoma who buy hearing aids for personal use, as they will no longer pay the standard sales tax on these devices. The bill adds hearing aids to the existing list of tax-exempt items under Section 1357 of the Oklahoma Sales Tax Code. The exemption applies to sales made to consumers, not businesses or resellers.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts hearing aids from sales tax, providing tax relief for individuals with hearing impairments, aligning with tax relief for lower income.92% confidence

Sub-Topics Sales Tax

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in committee · Oklahoma · House Feb 4, 2025

HB 1536: Revenue and taxation; creating the Oklahoma Gun Safety Incentive Act; income tax credit; Oklahoma Tax Commission; Oklahoma Department of Public Safety; initiative; effective date.

HB 1536 creates the "Oklahoma Gun Safety Incentive Act," providing an income tax credit for Oklahoma residents who purchase qualifying gun safety equipment. It allows a 25% tax credit (up to $200 annually) for gun safes, trigger locks, or smart gun technology meeting safety standards, with proof of purchase required. The credit is funded from the general fund, capped at $1 million yearly, and requires the Oklahoma Tax Commission to create an online application portal. The bill also mandates reports on credit usage and firearm safety impacts, and launches a public campaign ("Lock & Protect, Oklahoma!") to promote safe storage. It affects individual gun owners, not law enforcement or military purchases, and takes effect January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit (25% up to $200) for gun safety equipment, providing direct tax relief to residents funded from general fund within $1M annual cap.90% confidence

Sub-Topics Income Tax State Budget Tax Credits

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died · Oklahoma · Senate Feb 19, 2025

SB 45: Taxation; modifying qualifications and amount of claims for property tax relief. Effective date.

This bill increases property tax relief eligibility for Oklahoma seniors (65+) and disabled residents. It raises the income limit for qualifying households from $12,000 to $38,000 annually and increases the maximum annual tax relief from $200 to $2,000. Relief is calculated as property taxes paid above 1% of household income, but capped at $2,000 per claim. The changes apply to claims for taxes paid in the prior calendar year and take effect January 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax relief for seniors/disabled by raising income limits ($12k→$38k) and max relief ($200→$2,000), reducing tax burden on lower-income households.90% confidence ✓ HousingSupports HousingIncreases property tax relief eligibility and caps for seniors/disabled, directly lowering housing costs for existing homeowners and enhancing affordability.85% confidence

Sub-Topics Property Tax Property Taxes

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in committee · Oklahoma · Senate Feb 4, 2025

SB 286: Income tax; providing credit for certain pro bono counsel. Effective date.

SB 286 creates a refundable income tax credit for Oklahoma attorneys who provide free legal services to adoptive parents. Specifically, attorneys can claim a 50% credit against their state income tax for court-approved fees paid for adoption-related legal work that results in a final adoption decree. If the credit exceeds the taxpayer’s income tax liability, the excess amount is refunded. The credit applies to tax years starting in 2026 and requires the Oklahoma Tax Commission to establish verification rules.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable income tax credit (50% of fees) for attorneys aiding adoptive parents, reducing state tax revenue as tax relief. Directly impacts tax policy per topic definition.85% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Oklahoma · Senate Feb 4, 2025

SB 51: Income tax credit; providing credit for the purchase of an e-bike. Effective date.

SB 51 provides a $200 one-time income tax credit for Oklahoma taxpayers who purchase a qualifying e-bike for use on streets and roads. The credit applies to tax years starting in 2026 and is refundable if it exceeds the taxpayer's income tax liability. It defines "e-bike" as a two- or three-wheeled electric vehicle capable of exceeding 15 mph (excluding standing electric scooters). The bill takes effect November 1, 2025, directly benefiting residents who buy eligible e-bikes.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable $200 income tax credit for e-bike purchases, reducing tax liability for eligible taxpayers and aligning with tax relief indicators.95% confidence ✓ EnergySupports EnergyPromotes electric transportation, reducing fossil fuel dependence and supporting energy efficiency through e-bike tax credit85% confidence ✓ EnvironmentSupports EnvironmentPromotes clean transportation via e-bike tax credit, reducing vehicle emissions and supporting climate goals through incentivized adoption of low-emission vehicles.95% confidence ✓ TransportationSupports TransportationPromotes sustainable transportation by incentivizing e-bike purchases via tax credit, aligning with sustainable transport indicators in the topic description.90% confidence

Sub-Topics Income Tax Tax Credits Electric Vehicles Electric Vehicles

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in committee · Oklahoma · Senate Feb 4, 2025

SB 425: Ad valorem tax; modifying certain income limitation to claims for property tax relief. Effective date.

SB 425 modifies Oklahoma's property tax relief program for seniors and disabled residents by increasing the income limit from $12,000 to $40,000 annually and lowering the age requirement from 65 to 60 years. This change directly affects Oklahoma residents aged 60 or older (or totally disabled heads of household) with household incomes under $40,000 who qualify for property tax relief on their primary residence. The bill updates existing statutory language in Sections 2905 and 2906 of Title 68, Oklahoma Statutes, to reflect these eligibility changes. The Oklahoma Tax Commission will administer the revised program, effective November 1, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax relief eligibility for seniors/disabled with lower income thresholds ($40k income limit vs $12k), directly reducing tax burden for qualifying residents.90% confidence ✓ HousingSupports HousingExpands property tax relief eligibility for seniors/disabled, lowering income threshold and age requirement, directly increasing housing affordability for more residents.90% confidence

Sub-Topics Property Tax Property Taxes

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