Bill
SB 678
Ad valorem tax collections; creating the Centrally Assessed Ad Valorem Volatility Reimbursement Fund; prescribing qualifications and reimbursement amount. Effective date. Emergency.
2025 Regular Session
Introduced by Brad Boles and 1 co-sponsor
Oklahoma creates reimbursement fund to stabilize school and local government revenues from unpredictable fluctuations in centrally-assessed utility and railroad property tax valuations.
Placed on General Order