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OK SB1544
Bill
AI Summary
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Creates the United States Semiquincentennial Celebration Taxpayer Relief Act to commemorate America's 250th anniversary of independence
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Authorizes the Office of Management and Enterprise Services to reclassify up to $750 million in unexpended American Rescue Plan Act funds to revenue replacement under federal guidelines
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Establishes a one-time taxpayer rebate program administered by the Oklahoma Tax Commission: $250 per individual filer and $500 per joint filer for Oklahoma residents who filed 2024 or 2025 tax returns
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Appropriates $600 million from the General Revenue Fund to the Oklahoma Tax Commission for fiscal year ending June 30, 2027, to fund the rebates
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Requires compliance report to Legislature and U.S. Treasury by March 31, 2026, with Joint Committee on Appropriations and Budget oversight authority
Legislative Description
State government; creating the United States Semiquincentennial Celebration Taxpayer Relief Act. Emergency.
Last Action
Second Reading referred to Rules Committee then to Appropriations Committee
2/3/2026