Rep. Cody Maynard

Maddy summaryHB 1208 lowers Oklahoma's top individual income tax rates for tax years beginning in 2024 and 2025. It reduces the highest marginal rate from 5.5% to 4.75% for both single filers and married couples filing jointly, applying to income above specified thresholds (e.g., $10,500 for single filers and $22,650 for joint filers). The bill also establishes new lower tax brackets for 2024-2025, such as 0.25% on the first $1,000 of income for single filers. It eliminates the deduction for federal income taxes when calculating Oklahoma taxable income. This bill directly affects all Oklahoma residents and nonresidents filing individual income tax returns for 2024-2025.

Maddy summaryHB 1207 lowers Oklahoma's individual income tax rates for tax years beginning in 2024 and 2025. It reduces the top tax rate for single filers from 5.50% to 4.75% on income above $6,200 (and for joint filers, from 5.50% to 4.75% above $12,400), while lowering rates across all income brackets compared to previous years. The bill directly affects all Oklahoma individual taxpayers (residents and nonresidents) who file state income tax returns, as it modifies the state's tax calculation method. The changes take effect for tax years starting in 2024, with no deduction allowed for federal income taxes paid.

Maddy summaryHB 1204 modifies Oklahoma's tax interest and penalty rules. It sets interest on delinquent taxes at the prime rate plus 1.25% per month (published annually in *The Wall Street Journal*), and adjusts penalties: 10% after 15 days for sales/tourism taxes, or 30 days for other taxes. For refunds, it requires the Tax Commission to pay interest starting 90 days after filing (for electronic returns) or 150 days (for paper returns), effective for tax years 2025 and later. The bill directly affects all Oklahoma taxpayers who owe taxes or are due refunds.

Maddy summaryHB 1211 creates the "Oklahoma Revenue and Taxation Act of 2025" as a naming designation for future tax-related legislation and sets its effective date as November 1, 2025. The bill does not establish new tax rates, exemptions, or revenue mechanisms - its sole purpose is procedural naming and timing. This act directly affects how future tax legislation in Oklahoma may be formally referenced but does not change any current tax laws or policies. The bill is purely administrative, with no substantive policy changes described in the text.

Maddy summaryThis bill names the "Oklahoma Revenue and Taxation Act of 2025" and sets its effective date as November 1, 2025. It does not alter existing tax rates, policies, or create new tax mechanisms. The bill is procedural, solely establishing the act's title and effective date without substantive changes to Oklahoma's tax code. It will not be codified in the Oklahoma Statutes.

Maddy summaryHB 1212 establishes the Oklahoma Revenue and Taxation Act of 2025 as the official name for future tax-related legislation in the state. The bill does not change any tax rates, create new taxes, or modify existing tax rules; it only provides a formal title for organizing future revenue and taxation laws. This procedural measure will become effective on November 1, 2025, and applies to all Oklahoma taxpayers and tax administrators. The legislation is administrative in nature, focusing on legal organization rather than substantive policy changes.

Maddy summaryHB 1210 is a procedural bill that establishes the name "Oklahoma Revenue and Taxation Act of 2025" for future tax-related legislation and sets its effective date as November 1, 2025. It does not create new tax policies or change existing tax laws, as it specifies the act "shall not be codified" in Oklahoma's tax code. This bill solely serves to name and date a future tax-related statute without altering any substantive tax provisions. It directly affects how future tax legislation will be referenced, not taxpayers or government operations.

Maddy summaryHB 1207 amends Oklahoma's individual income tax code to lower tax rates for most earners starting in 2024. It establishes new tax brackets: for example, single filers pay 0.25% on the first $1,000 of income, rising to 4.75% on income above $11,200, while married couples filing jointly pay 0.25% on the first $2,000, rising to 4.75% on income above $22,400. The bill also eliminates the deduction for federal income taxes when calculating taxable income. This change directly affects all Oklahoma residents and nonresidents with taxable income, effective for tax years beginning January 1, 2024.

Maddy summarySB 818 increases Oklahoma's additional homestead property tax exemption from $1,000 to $3,000 annually for qualifying homeowners. It raises the income limit for eligibility from $30,000 to $40,000 in gross household income and lowers the age requirement for automatic renewal from 65 to 60 years old. This bill directly affects low-income homeowners aged 60 or older who meet the income threshold, allowing them to retain the exemption without annual reapplication. The changes take effect November 1, 2025, and require annual income certification for non-senior applicants.

Maddy summaryHB 1208 reduces Oklahoma's top individual income tax rate for tax years beginning in 2024. It lowers the highest marginal rate to 4.75% for both single filers and married couples filing jointly (after specific income thresholds), replacing the prior 5.50% rate. This change applies to all Oklahoma individual taxpayers - residents and nonresidents - on their taxable income. The bill modifies tax brackets to reflect these lower rates starting January 1, 2024, with no federal income tax deduction allowed.