Oklahoma Amends Ad Valorem Tax Rules for Broadband Providers

The Oklahoma Legislature enacts law amends §2808 and §2847 of the Oklahoma Statutes, relating to ad valorem taxation. The law includes updating definitions for public service corporations and broadband service providers, and requiring the State Board of Equalization to assess the property of broadband service providers at 15 percent of its fair cash value. The law takes effect Jan. 1, 2027. [S.B. 1122, enacted 04/29/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.