OK SB1122

Amends 68 O.S. 2021, Sections 2808 and 2847 to add a new definition of "broadband service providers" as a subclass of public service corporations offering wired broadband internet at speeds exceeding 100 Mbps download and 20 Mbps upload.

Requires the State Board of Equalization to assess property used to provide wired broadband service constructed or installed after the effective date of the act in areas where broadband coverage is 10% or less according to the most recent FCC National Broadband Map.

Establishes a 15% assessment ratio for broadband service provider property for tax years 2026 through 2036, applied on a net book basis to exclusively used broadband infrastructure including fiber, cable, transmission lines, and network facilities.

Authorizes the Oklahoma Tax Commission to promulgate rules to implement the broadband property assessment provisions.

Becomes effective January 1, 2026.