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OK SB1578
Bill
Status
2/2/2026
Primary Sponsor
Micheal Bergstrom
Click for details
AI Summary
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Taxing jurisdictions receiving ad valorem tax funds must annually disclose all exemptions, deductions, credits, and limitations on fair cash value or assessed value for real and personal property
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Jurisdictions must report the revenue impact of each exemption, deduction, credit, and limitation on property values
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Expiration dates and justifications to continue any exemptions, deductions, credits, or limitations must be disclosed annually
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County assessors and the Oklahoma Tax Commission's Ad Valorem Division are required to assist jurisdictions in complying with these disclosure requirements
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Effective date: January 1, 2027
Legislative Description
Ad valorem tax; requiring tax jurisdictions to disclose certain information; requiring the county assessor and the Oklahoma Tax Commission to provide certain assistance. Effective date.
Last Action
Second Reading referred to Rules
2/3/2026