Government & Budget

Good fiscal stewardship is crucial for a stable and effective state. A functional governance system is also essential to a fair and efficient regulatory environment. Finding solutions to our state’s government and budget challenges is imperative to building a stronger, more stable future for Oklahoma.



Issue Brief: Occasional Sale Rules

Issue Brief: Occasional Sale Rules

February 14, 2019

There are specific business transactions that are more complicated in Oklahoma than in other states due to current tax laws. Transactions not performed by an entity on a regular basis, such as an individual selling tangible personal property at a private garage sale, are exempt from state and local sales tax in most states under what is called an “occasional sale rule,” but not in Oklahoma.

Issue Brief: Oil and Gas Budget Stabilization Fund

Issue Brief: Oil and Gas Budget Stabilization Fund

February 04, 2019

Revenue from Oklahoma state taxes is extremely volatile. In fact, Oklahoma’s year-to-year change in total state tax revenues is the third highest in the nation. Nearly all other states that are heavily dependent on oil and natural gas tax revenue have created budget stabilization funds to boost state budget priorities as well as insulate them from the cyclical and volatile nature of the energy economy.