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Oklahoma Legislature· SB 2147Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

An act relating to ad valorem, the official text

Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1                            STATE OF OKLAHOMA

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2                  2nd Session of the 60th Legislature (2026)

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3 SENATE BILL 2147           By: Sacchieri
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5                            AS INTRODUCED

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6   An Act relating to ad valorem; assigning fair cash

6   value for certain homesteads of taxpayers displaced

7   by turnpike construction; providing for codification;

7   and providing an effective date.

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10 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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11  SECTION 1.      NEW LAW  A new section of law to be codified

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12 in the Oklahoma Statutes as Section 2888.1 of Title 68, unless there
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13 is created a duplication in numbering, reads as follows:
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14  For an individual who owned a homestead that was purchased by

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15 the Department of Transportation for the construction or expansion
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16 of a turnpike and is claiming a subsequent homestead exemption on a
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17 property, that subsequent homestead shall be initially assigned a
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18 taxable fair cash value in the same amount as the taxable fair cash
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19 value of the prior homestead in the tax year the homestead was
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20 purchased.
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21  SECTION 2. This act shall become effective November 1, 2026.

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23  60-2-2351       QD       1/15/2026 1:40:29 PM

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    Req. No. 2351                                              Page 1
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