Legislature ends state grocery sales tax: groceries to get slightly cheaper (at least temporarily)

The Oklahoma State Senate voted today 42-2 to end the state's 4.5% sales tax applied to groceries, sending the measure to Governor Kevin Stitt for his signature (the House voted 88-7 to pass HB1955 last year, meaning the bill was still eligible for Senate action this session). The change will likely take effect in August.

Local sales tax on groceries still applies; Locally assessed sales taxes on groceries will remain unchanged by the law through June 30th, 2025, after which point it seems counties and municipalities can change their rates (... which I'm sure they will).

Bill protecting state pensions from ESG policies passes State House

Bill Protecting State Pensions from ESG Policies Passes House

OKLAHOMA CITY (March 20th) – Rep. Terry O'Donnell, R-Catoosa, today passed a bill in the House designed to continue protections of state pension funds from strategies that would be harmful to the state's energy industry.

House Bill 2547 would prevent any state-run pension fund from delegating its votes by proxy to entities that do not subscribe to Oklahoma's investment strategy as outlined in the measure. The bill is a follow-up to legislation co-authored by O'Donnell last year that restricts the investment of Oklahoma pension funds by firms that adopt strategies akin to Environmental Social Governance (ESG).