OK SB1589

Amends Oklahoma's ad valorem tax code (68 O.S. 2001, Sections 2808 and 2847) to establish definitions and assessment procedures for wireless telecommunications companies and video services providers.

Defines "wireless telecommunications company" as a provider of commercial mobile radio service and creates a new subclass called "specified wireless telecommunications property" applicable only to tax years 2010, 2011, and 2012.

Requires wireless telecommunications companies to file annual certifications with the State Board of Equalization regarding gross receipts growth and the percentage derived from specified wireless telecommunication property.

Establishes a 12 percent assessment ratio for specified wireless telecommunication property based on the percentage of gross receipts attributable to that property, with provisions expiring after tax year 2012.

Applies similar certification and assessment procedures to video services providers, with their property assessed using the statewide average assessment ratio applied to cable television company assets (presumed to be 12 percent unless demonstrated otherwise).