OK SB1839

Creates a new property classification for "de minimis personal property" with fair cash value of $5,000 or less per account, exempting it from standard ad valorem taxation assessment requirements

Personal property classified as de minimis is excluded from the annual listing and assessment requirements that apply to other taxable personal property

Amends Oklahoma Statutes Title 68, Sections 2803 and 2817 to incorporate the new de minimis classification into existing property tax law

Effective date is January 1, 2027

Passed the Senate Committee on Revenue and Taxation with a "Do Pass as Amended" recommendation on February 9, 2026