Governor Stitt Signs SB 1627, SB 227 into Law
Summary
Oklahoma Governor Kevin Stitt signed two bills into law on April 13, 2026. SB 1627 consolidates, merges, and repeals multiple versions of existing statutes, streamlining Oklahoma's legal code. SB 227 amends Section 1001.1 of Title 68 O.S. 2021, expanding property exemptions from ad valorem tax for property used in production subject to gross production tax, and updates related statutory references and language.
What changed
SB 1627 amends Oklahoma's statutes by consolidating, merging, and repealing multiple versions of existing statutes to streamline state law. SB 227 modifies gross production tax provisions by expanding property exemptions from ad valorem tax for property used in production subject to gross production tax, while updating statutory references and language.
Energy companies engaged in oil and gas extraction in Oklahoma should monitor implementation of SB 227, which may affect their ad valorem tax obligations. Businesses should review the expanded exemption provisions to determine potential tax benefits under the amended gross production tax framework.
What to do next
- Monitor for implementation details from Oklahoma Tax Commission
- Review tax exemption provisions under amended Section 1001.1
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
GOVERNOR STITT SIGNS 2 BILLS INTO LAW
Tweet PRINT Email Monday, April 13, 2026 OKLAHOMA CITY (April 13, 2026) - Today, Governor Kevin Stitt signed the following bills into law:
SIGNED - SB 1627 An Act relating to multiple versions of statutes; amending, merging, consolidating, and repealing multiple versions of statutes.
SIGNED - SB 227
An Act relating to gross production tax; amending 68 O.S. 2021, Section 1001.1, which relates to property exempt from ad valorem tax as used in the production of material subject to gross production tax; expanding exempt property; updating statutory references; updating statutory language; and providing an effective date. Bill Information.
Last Modified on Apr 14, 2026
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