Oklahoma SB1122 amends ad valorem tax laws to assess broadband property at a specific ratio.
Oklahoma SB1122 amends the ad valorem tax code to require the State Board of Equalization to assess certain property used to provide wired broadband service. The assessment ratio for tax years 2026 through 2036 is set at fifteen percent (15%). The property assessed includes fiber, cable, transmission lines, and network infrastructure. The Oklahoma Tax Commission is authorized to promulgate rules to effectuate these changes. The bill also updates statutory language and definitions related to public service corporations and video services providers.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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