Rep. Cody Maynard

Maddy summarySB 66 creates a $10 million revolving fund specifically for airport improvements at regional airports located east of U.S. Highway 69, south of U.S. Highway 70, and within Oklahoma municipalities with populations between 10,000 and 20,000 people. The fund requires matching contributions of $10 million from local, county, tribal, federal, or private sources before state funds can be used for repairs, upgrades, or air traffic control towers at eligible airports. The state appropriates $10 million from the General Revenue Fund to the revolving fund, with unspent funds reverting to the General Revenue Fund by July 1, 2027, if no spending decisions are made. This bill directly affects smaller regional airports in southeastern Oklahoma meeting the specified population and geographic criteria.

Maddy summaryHB 1202 amends Oklahoma's sales and use tax rules by reducing the required retention rate for businesses from 1% to 0.5% of collected taxes. This change directly affects retailers and vendors who collect sales tax at the point of sale, requiring them to hold less money in reserve for tax remittance. The bill modifies a technical provision in existing tax law without altering tax rates or broad policy. It is currently in committee referral after initial readings and remains a procedural adjustment to tax administration. The amendment aims to simplify compliance for businesses handling tax collections.

Maddy summaryHB 1206 lowers Oklahoma's top individual income tax rate for taxable years beginning in 2024. It reduces the highest marginal rate from 5.50% to 4.75% for most taxpayers, applying to income above specific thresholds (e.g., $2,300 for single filers, $4,600 for married couples filing jointly). The bill affects all Oklahoma residents and nonresidents filing individual income tax returns. It also eliminates the deduction for federal income taxes when calculating taxable income. The new rates take effect January 1, 2024, as specified in Section C of the amended tax code.

Maddy summaryHB 1209 modifies Oklahoma's individual income tax rates, lowering the top marginal rate for most filers starting in 2024. It reduces the highest tax bracket from 5.50% to 4.75% for single filers and from 5.50% to 4.75% for married couples filing jointly, effective for tax years beginning in 2024. The bill also eliminates the deduction for federal income taxes paid when calculating taxable income. These changes apply to all Oklahoma residents and nonresidents filing individual income tax returns. The bill specifies a further adjustment for tax years beginning in 2026, though the exact rates are not detailed in the provided text.

Maddy summarySB 818 proposes to increase Oklahoma's additional homestead property tax exemption from $1,000 to $3,000 annually for eligible homeowners. It raises the income limit for qualification from $30,000 to $40,000 and lowers the automatic renewal age from 65 to 60 years. This bill would directly affect low-to-moderate-income homeowners aged 60+ who qualify as heads of household, requiring annual applications unless they meet the age threshold. The changes would take effect November 1, 2025, if passed.

Maddy summarySB 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.

Maddy summaryHB 1210 establishes the "Oklahoma Revenue and Taxation Act of 2025" as the official title for upcoming tax legislation. The bill specifies that this act will take effect on November 1, 2025, and clarifies it will not be codified into Oklahoma's main tax statutes. This is a procedural bill that names the legislation and sets its implementation date, with no substantive tax policy changes described in the text. It directly affects how future tax laws will be referenced in Oklahoma's legal framework.

Maddy summaryThis Oklahoma constitutional amendment (SJR 15) proposes eliminating all property taxes by January 1, 2030, and replacing them with county-level consumption taxes on final goods and services sold within the county. It requires counties to develop voter-approved plans by 2028 to fund services (including schools) previously supported by property taxes, using a new Section 20A added to the state constitution. Counties must hold special elections for voter approval of any consumption tax levy or rate changes, with no tax exemptions allowed, and must revise proposals if rejected. The bill directly affects all Oklahoma counties, residents (through potential tax shifts), and school districts (which would rely on consumption tax revenue).

Maddy summaryHB 1212 establishes the name "Oklahoma Revenue and Taxation Act of 2025" for a non-codified law and sets its effective date as November 1, 2025. This procedural bill does not change existing tax laws or create new tax obligations. It solely serves to formally name the legislation and specify its implementation timeline. The bill directly affects Oklahoma state government operations by designating this administrative framework, with no direct impact on taxpayers or businesses.

Maddy summarySB 114 clarifies land ownership rights for foreign nationals in Oklahoma. It defines "bona fide resident" as a lawful permanent U.S. resident (green card holder), allowing them to buy and hold land under the same terms as Oklahoma citizens while residing in the state. Existing alien landowners retain their property, and new alien residents must maintain residency; if they leave, they have five years to sell their land. The bill updates outdated language and makes statutory terms gender-neutral, with no new restrictions on land ownership.