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Bill > SB1578
OK SB1578
OK SB1578Ad valorem tax; requiring tax jurisdictions to disclose certain information; requiring the county assessor and the Oklahoma Tax Commission to provide certain assistance. Effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to ad valorem tax; requiring the disclosure of certain information by certain taxing jurisdictions; prescribing disclosure requirements; requiring certain county assessors and the Oklahoma Tax Commission to provide certain assistance; providing for codification; and providing an effective date.
AI Summary
This bill requires any government entity that receives money from property taxes (ad valorem tax) to annually report specific financial information to the public, including all property tax exemptions, deductions, credits, and limitations on property value within their area, the financial impact of these provisions, and when they are set to expire along with the reasons for their continuation. The county assessor, who is responsible for valuing property for tax purposes, and the Oklahoma Tax Commission, the state agency that oversees tax laws, will be required to help these local government entities comply with these new disclosure requirements. This bill is set to become effective on January 1, 2027.
Sponsors (1)
Last Action
Second Reading referred to Rules (on 02/03/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1578&Session=2600 |
| Fiscal Note/Analysis - Senate: SB1578 INT FI | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB1578%20INT%20FI.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1578%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB1578%20INT.PDF |
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