OK SB1093

Defines "taxpayer who has claimed a tax incentive" as any business that qualified for property tax exemptions under the Oklahoma Constitution or claimed credits, exemptions, or deductions used by the Oklahoma Department of Commerce for business recruitment and retention

Beginning January 1, 2017, the State Board of Equalization would determine the taxable value of all real and personal property for taxpayers who claimed tax incentives in the preceding tax year, rather than county assessors

Oklahoma Tax Commission would annually identify which taxpayers are subject to State Board of Equalization valuation and notify the appropriate county assessors

State Board valuations must be reported to county assessors within time periods required for timely notice, payment, and appeal

Effective date is contingent upon voter approval of an accompanying Constitutional Amendment proposed in a Senate Joint Resolution