SB577

Ad valorem tax; requiring submission of certain information for eligibility of certain exemption; requiring the Oklahoma Tax Commission to share information with the Incentive Evaluation Commission. Effective date.

Complete·5/14/25

Oklahoma SB577 amends ad valorem tax exemption rules for manufacturing facilities, requiring specific information submissions and sharing with the.

Oklahoma SB577 modifies the rules for ad valorem tax exemptions for manufacturing facilities. It mandates that facilities provide detailed information annually to the Oklahoma Tax Commission to maintain their exemption status. This includes data on new jobs created, payroll details, and health benefits offered to employees. The bill also requires the Tax Commission to share certain collected data with the Incentive Evaluation Commission. The changes aim to ensure transparency and accountability in the exemption process while maintaining the confidentiality of sensitive information.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

0
2
RR
Democratic CaucusRepublican Caucus

Roll Call Votes

89 Yea

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2 Nay

RR

7 Absent

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History

May 14, 2025

Senate

Becomes law without Governor's signature 05/14/2025

May 7, 2025

Senate

Enrolled, to House

May 7, 2025

House

Signed, returned to Senate