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STATE OF OKLAHOMA
2nd Session of the 60th Legislature (2026)
HOUSE JOINT
RESOLUTION 1072 By: Fugate
AS INTRODUCED
An Joint Resolution relating to education funding;
ordering a legislative referendum; providing for
additional levy of income tax; specifying rate of
tax; providing for amounts of taxable income subject
to tax; requiring adjustments based on Consumer Price
Index-All Urban Consumers; providing for
apportionment of revenue to the Future Readers,
Future Leaders Investment Revolving Fund; requiring
certain information to be reported to the State Board
of Equalization; providing for distribution of monies
for purposes of National Board Certified Teachers
Program; providing for distribution of specified
revenue amount for support of reading programs;
imposing duties on the State Department of Education;
providing further distribution of revenue for
purposes of assisting certain schools; prescribing
formula for distribution; creating Future Readers,
Future Leaders Investment Revolving Fund; providing
an effective date; providing ballot title; and
directing filing.
BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE
2ND SESSION OF THE 60TH OKLAHOMA LEGISLATURE:
SECTION 1. Pursuant to Section 3 of Article V of the Oklahoma
Constitution, there is hereby ordered the following legislative
referendum which shall be filed with the Secretary of State and
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addressed to the Governor of the state, who shall submit the same to
the people for their approval or rejection at the General Election,
to be held on November 3, 2026.
SECTION 2. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2355.2001 of Title 68, unless
there is created a duplication in numbering, reads as follows:
A. For taxable years beginning on or after January 1, 2027, in
addition to the tax levied pursuant to Section 2355 of Title 68 of
the Oklahoma Statutes, there is hereby levied an additional tax upon
the taxable income of individuals as follows:
1. One percent (1%) on taxable income in excess of One Million
Dollars ($1,000,000.00), but not in excess of Five Million Dollars
($5,000,000.00) for single persons;
2. Two percent (2%) on taxable income in excess of Five Million
Dollars ($5,000,000.00) for single persons;
3. One percent (1%) on taxable income in excess of Two Million
Dollars ($2,000,000.00), but not to exceed Ten Million Dollars
($10,000,000.00) for married filing jointly; and
4. Two percent (2%) on taxable income in excess of Ten Million
Dollars ($10,000,000.00) for married filing jointly.
B. The revenue derived from the additional tax levied by this
section shall be apportioned to the Future Readers, Future Leaders
Investment Revolving Fund to be used by the State Department of
Education for the purposes described by this act.
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SECTION 3. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1210.581 of Title 70, unless
there is created a duplication in numbering, reads as follows:
A. Each year, the State Department of Education shall report to
the State Board of Equalization an estimate of the number of
teachers who qualify or who will qualify for the stipend authorized
pursuant to Section 6-104.2 of Title 70 of the Oklahoma Statutes.
B. The State Board of Equalization shall include in its
findings at its June meeting each year the amount of income tax
revenue, derived from the levy of income tax pursuant to Section 2
of this act, which shall be set aside for use by the State
Department of Education to make the stipend payments.
C. The State Department of Education shall use the Future
Readers, Future Leaders Investment Revolving Fund to pay National
Board Certified Teachers a stipend of Five Thousand Dollars
($5,000.00) as provided by Section 6-104.2 of Title 70 of the
Oklahoma Statutes. In order to be eligible for the stipend, the
teacher must be an active classroom teacher.
SECTION 4. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1210.582 of Title 70, unless
there is created a duplication in numbering, reads as follows:
A. After the revenue for the National Board Certified Teachers
has been determined pursuant to Section 3 of this act, such amount
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shall be subtracted from the total revenue derived from the income
tax levies provided for in Section 2 of this act.
B. The next One Hundred Millon Dollars ($100,000,000.00) shall
be used by the State Department of Education for support of the
statewide reading program.
C. The amount remaining after the subtractions required by
subsections A and B of this section shall be the amount of revenue
available for distribution to schools that have been identified as
either a "Comprehensive Support and Improvement" school ("CSI") or a
"More Rigorous Intervention" school ("MRI").
D. The amount described in subsection C of this section shall
be allocated according to the provisions of Section 5 of this act.
E. If the CSI or MRI designations described by subsection C of
this section are eliminated by the federal government, the
qualifying schools shall be the lowest performing schools as
determined by the State Department of Education to be in the lowest
five percent (5%).
SECTION 5. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1210.583 of Title 70, unless
there is created a duplication in numbering, reads as follows:
A. The revenue amount for schools as described by subsection C
of Section 4 of this act shall be distributed by the State
Department of Education as required by this section.
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B. The State Department of Education shall determine schools
that have received the designation described by subsection C of this
section for the most recent reporting period prior to the allocation
of funds from the Future Readers, Future Leaders Investment
Revolving Fund. As used in this section, such schools shall be
referred to as "underperforming schools".
C. The State Department of Education shall set aside revenue
equal to Twenty-five Thousand Dollars ($25,000.00) multiplied by the
number of schools identified pursuant to subsection B of this
section. Except as otherwise provided by this act, each school
identified shall be entitled to a minimum allocation of Twenty-five
Thousand Dollars ($25,000.00).
D. The State Department of Education shall determine the
weighted total number of students attending underperforming schools.
Students attending underperforming schools shall be counted as a
full student. Students attending underperforming schools in the
first year after the student's school achieves a performing status
shall also be counted as full student. Students attending
underperforming schools in the second year after the student's
school achieves performing status shall be counted as two-thirds
(2/3). Students attending underperforming schools in the third year
after the school achieves performing status shall be counted as one-
third (1/3).
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F. The State Department of Education shall divide the remainder
by the weighted total number of students. As used in this section,
"remainder" means the amount of income tax revenue remaining after
allocations required pursuant to subsection C and D of this section.
G. The State Department of Education shall determine which
schools qualify for the minimum distribution of Twenty-five Thousand
Dollars ($25,000.00). Such schools shall have the minimum amount
otherwise prescribed pursuant to subsection C of this section
reduced to the amount of Sixteen Thousand Six Hundred Sixty-seven
Dollars ($16,667.00) in the second year after the school achieves
performing status and shall receive a reduced amount of Eight
Thousand Three Hundred Thirty-three Dollars ($8,333.00) in the third
year after the school achieves performing status.
H. The State Department of Education shall recalculate the
weighted total number of students as net weighted total students by
removing the students from the amount being allocated to schools
receiving either Twenty-five Thousand Dollars ($25,000.00) or a
reduced amount as prescribed by subsection G of this section.
I. The State Department of Education shall recalculate the
remaining funds as a "net remainder" to be distributed to other
schools after subtracting amounts as prescribed by subsection C of
this section and as reduced pursuant to subsection G of this
section.
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J. The State Department of Education shall recalculate the net
per pupil distribution using the net remainder derived pursuant to
subsection I of this section divided by the net weighted total
students.
SECTION 6. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1210.584 of Title 70, unless
there is created a duplication in numbering, reads as follows:
There is hereby created in the State Treasury a revolving fund
for the State Department of Education to be designated the "Future
Readers, Future Leaders Investment Revolving Fund". The fund shall
be a continuing fund, not subject to fiscal year limitations, and
shall consist of all monies received by the State Department of
Education from the income tax derived pursuant to Section 2 of this
act. All monies accruing to the credit of said fund are hereby
appropriated and may be budgeted and expended by the State
Department of Education for the purposes described by this act.
Expenditures from said fund shall be made upon warrants issued by
the State Treasurer against claims filed as prescribed by law with
the Director of the Office of Management and Enterprise Services for
approval and payment.
SECTION 7. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 1210.585 of Title 70, unless
there is created a duplication in numbering, reads as follows:
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In order to ensure that the funds from the revenues derived
pursuant to Section 2 of this act are used to enhance and not
supplant funding for education, the State Board of Equalization
shall examine and investigate allocations from the Future Readers,
Future Leaders Investment Revolving Fund each year. At the meeting
of the State Board of Equalization held within five (5) days after
the monthly apportionment in February of each year, the State Board
of Equalization shall issue a finding and report which shall state
whether allocations from the Revolving Fund were used to enhance or
supplant education funding. If the State Board of Equalization
finds that education funding was supplanted by funds from the
Revolving Fund, the Board shall specify the amount by which
education funding was supplanted. In this event, the Legislature
shall not make any appropriations for the ensuing fiscal year until
an appropriation in that amount is made to replenish the Revolving
Fund.
SECTION 8. This act shall become effective January 1, 2027.
SECTION 9. The Ballot Title for the proposed enactments as set
forth in SECTIONS 1 through 6 of this act shall be in the following
form:
BALLOT TITLE
Legislative Referendum No. ____ State Question No. ____
THE GIST OF THE PROPOSITION IS AS FOLLOWS:
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This measure would levy an income tax in addition to the income
tax provided by law. The income tax would take effect for the
2027 income tax year and for each year thereafter. The tax
would be at a rate of one percent (1%) or two percent (2%). The
additional one percent (1%) would be for taxable incomes in
excess of One Million Dollars ($1,000,000.00) for single filers.
A two percent (2%) tax would be for taxable incomes in excess of
Five Million Dollars ($5,000,000.00) for single filers. For
persons filing a joint return, the one percent (1%) tax would
apply to taxable incomes in excess of Two Million Dollars
($2,000,000.00). For persons filing a joint return, a two
percent (2%) tax would apply on taxable income greater than Ten
Million Dollars ($10,000,000.00). The additional money from
this income tax would be directed to a new fund called the
Future Readers, Future Leaders Investment Revolving Fund. Each
year, the State Department of Education would use the money from
the fund to pay a stipend to National Board Certified teachers.
After that amount is paid out, the next One Hundred Million
Dollars ($100,000,000.00) would be used by the State Department
of Education for the support of reading programs in the schools
of the state. This amount would be paid out each year. After
these amounts have been paid out, the balance of the fund would
be used to provide additional support to schools that have been
identified as being under performing in a system used to
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evaluate school performance. The State Department of Education
would use a formula to determine the amount schools received
while the school is still on this list and for three (3) years
following the year in which the school is removed from the list.
Each of the schools would receive at least Twenty-five Thousand
Dollars ($25,000.00) each fiscal year, but then this amount
would be reduced in the second and third year.
SHALL THE PROPOSAL BE APPROVED?
FOR THE PROPOSAL — YES _____________
AGAINST THE PROPOSAL — NO _____________
SECTION 10. The Chief Clerk of the House of Representatives,
immediately after the passage of this measure, shall prepare and
file one copy thereof, including the Ballot Title set forth in
SECTION 8 hereof, with the Secretary of State and one copy with the
Attorney General.
60-2-15773 MAH 01/14/25