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OK HB3846

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Eric Roberts

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Amends Oklahoma's ad valorem tax exemption statute (68 O.S. Section 2887) to add a new category of exempt property for affordable housing projects

  • Creates ad valorem tax exemption for property constructed, developed, or operated as an affordable housing project that is financed through Low Income Housing Tax Credits (LIHTC) under the Tax Reform Act of 1986

  • Changes terminology throughout the statute from "charitable institution" to "charitable entity" for consistency

  • Effective date of November 1, 2026

Legislative Description

Revenue and taxation; ad valorem taxation; exemptions; affordable housing projects; effective date.

Last Action

Referred to Appropriations and Budget General Government Subcommittee

2/3/2026

Committee Referrals

Appropriations and Budget General Government Subcommittee2/3/2026
Appropriations and Budget2/3/2026

Full Bill Text

No bill text available