OK SB72

Amends the Oklahoma Sales Tax Relief Act (68 O.S. 2021, Section 5011) to modify claim amounts and income thresholds for tax years 1990-2024 and establish new provisions for 2025 and subsequent years.

For calendar year 2024 and previous years, maintains the claim amount of $40.00 multiplied by the number of allowable personal exemptions.

For calendar year 2025 and subsequent years, establishes tiered claim amounts based on household income and exemption status: $200 for individuals with household income under $35,000 (or $45,000 with qualifying exemptions), and $100-$150 for those with higher incomes up to $40,000-$50,000, multiplied by the number of allowable personal exemptions.

Updates statutory language by replacing "handicap" with "disability" and clarifying that the previous provision "2005 and following" applies specifically to tax years "2005 through 2024."

Becomes effective November 1, 2025.