Oklahoma 2026 Regular Session Status: In Committee 1 R cosponsors

SB 1997 — Ad valorem tax; exempting certain property of business entity from ad valorem tax. Effective date.

Last action — Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced February 02, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 16% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

3 changes Share ↗

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill provides an exemption from ad valorem taxation for certain personal property of specific business entities and outlines the procedure for determining the property's fair cash value.

  • 68 O.S. 2021, Section 2887

    providing exemption for certain personal property of certain business entity;

    This adds a new exemption for specified business entities regarding personal property.

  • 68 O.S. 2021, Section 2887

    for purposes of determining whether a single family residential property is used exclusively and directly for fraternal or religious purposes, the fair cash value of a single family residential property, for which an exemption is claimed as authorized by this subsection section, in excess of Five Hundred Thousand Dollars ($500,000.00) for the applicable assessment year shall not be exempt from taxation;

    This removes a provision regarding the fair cash value limit for residential properties used for fraternal or religious purposes.

  • 68 O.S. 2021, Section 2887

    prescribing procedure for determining total fair cash value for entity; exempting entity from certain filing requirement upon certain determination by assessor;

    This introduces a new procedure for assessing the fair cash value of qualifying entities and exempts them from specific filing requirements.

Action History

  1. Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

  2. Authored by Senator Murdock

  3. First Reading

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 150 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (150)

150 members have not signed on to this bill.

Show all 150 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 1997?
SB 1997 is sponsored by Casey Murdock (Republican).
What is the current status of SB 1997?
This bill is in committee in the Senate. Introduced February 02, 2026. It must pass committee before a floor vote.
Where can I track SB 1997?
Track SB 1997 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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