OklahomaCounties could seek school revenue payments after large state purchases
The proposal would let counties seek limited payments for school revenue lost after large state property purchases and give those claims priority when fund money is short.
What it does
Counties could seek payment for school revenue lost when the state buys property in their county for more than $300 million. Payment would cover only the first two tax years after the purchase.
If the fund cannot pay every claim, claims tied to state property purchases and certain manufacturing or research facilities would be paid first. Other claims would share any money left under the listed rules.
Argument forPayments for school revenue lost after a large state property purchase could help affected districts keep funds for local needs.
Argument againstWhen the fund is short, paying these claims first could leave less money for counties seeking payment for other tax losses.
More detail
The proposal would reimburse counties for school revenue lost after certain state property purchases. The reimbursement would cover a county’s revenue loss for school district purposes. The purchase must be of property located in the county and cost more than $300 million. The purchase must occur on or after January 1, 2025. Reimbursement would cover the first two tax years following the purchase.
The proposal would pay claims tied to state property purchases and certain manufacturing or research facilities first when the fund cannot cover all claims. This order would apply when the Ad Valorem Reimbursement Fund has too little money to pay all claims. Any remaining money would be distributed under the other payment rules in the section. The payment order would apply when the fund has insufficient money to pay all claims.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 12Vetoed 05/12/2026Latest
- May 6Sent to GovernorTo Governor
- Vote recorded Fourth Reading. Result: pass.Lower
- May 6Enrolled measure signed, returned to House
- May 6Enrolled, signed, to Senate
- May 6Referred for enrollment
- May 6Fourth Reading, Measure and Emergency Passed: Ayes: 83 Nays: 8Major
- May 6SA's read, adoptedMajor
- Apr 28SA's received
- Apr 28Engrossed to HouseMajor
- Apr 27Referred for engrossment
- Vote recorded Third Reading. Result: pass.Upper
- Apr 27Measure and Emergency passed: Ayes: 42 Nays: 5Major
- Apr 27Enacting clause restored
- Apr 27Title restored
- Apr 27General Order, Amended
- Apr 20Placed on General Order
- Apr 20Withdrawn from Appropriations committee
- Apr 6Referred to AppropriationsMinor
- Vote recorded Kern Public Finance; Ad Valorem Reimbursement Fund;. Result: pass.Upper
- Apr 6Enacting clause stricken
- Apr 6Reported Do Pass as amended Revenue and Taxation committee; CR filedMinor
- Apr 1Second Reading referred to Revenue and Taxation Committee then to Appropriations CommitteeMinor
- Mar 26First ReadingMinor
- Mar 26Engrossed, signed, to SenatePassed Senate
- Mar 25Referred for engrossment
- Vote recorded Third Reading. Result: pass.Lower
- Mar 25Third Reading, Measure and Emergency passed: Ayes: 82 Nays: 11Passed House
- Mar 25General Order
- Feb 25Authored by Senator Kern (principal Senate author)
- Feb 25Title stricken
- Feb 25CR; Do Pass, as amended, Appropriations and Budget CommitteeMinor
- Feb 24
- Vote recorded Appropriations And Budget Committee: Do Pass As Amended, Strike The Title. Result: pass.Lower
- Feb 3Second Reading referred to Appropriations and BudgetMinor
- Feb 2Authored by Representative Caldwell (Trey)
- Feb 2First ReadingIntroduced
Taxes & BudgetEducation