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 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 818 By: Sacchieri
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6 AS INTRODUCED
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7 An Act relating to ad valorem tax; amending 68 O.S.
7 2021, Section 2890, as amended by Section 1, Chapter
8 5, 1st Extraordinary Session, O.S.L. 2023 (68 O.S.
8 Supp. 2024, Section 2890), which relates to the
9 additional exemption allowed for homestead; modifying
9 amount of exemption; modifying income requirement;
10 modifying age requirement; updating statutory
10 language; and providing an effective date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. AMENDATORY 68 O.S. 2021, Section 2890, as
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15 amended by Section 1, Chapter 5, 1st Extraordinary Session, O.S.L.
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16 2023 (68 O.S. Supp. 2024, Section 2890), is amended to read as
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17 follows:
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18 Section 2890. A. In addition to the amount of the homestead
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19 exemption authorized and allowed in Section 2889 of this title, an
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20 additional exemption is hereby granted, to the extent of One
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21 Thousand Dollars ($1,000.00) Three Thousand Dollars ($3,000.00) of
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22 the assessed valuation on each homestead of heads of households
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23 whose gross household income from all sources for the preceding
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1 calendar year did not exceed Thirty Thousand Dollars ($30,000.00)
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2 Forty Thousand Dollars ($40,000.00).
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3 B. The term "gross household income" as used in this section
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4 means the gross amount of income of every type, regardless of the
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5 source, received by all persons occupying the same household,
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6 whether such income was taxable or nontaxable for federal or state
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7 income tax purposes, including pensions, annuities, federal Social
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8 Security, unemployment payments, public assistance payments,
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9 alimony, support money, workers' compensation, loss-of-time
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10 insurance payments, capital gains, and any other type of income
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11 received, and excluding gifts. The term "gross household income"
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12 gross household income shall not include any veterans' disability
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13 compensation payments or the amount of any federal stimulus or
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14 relief payments related to the COVID-19 virus. The term "head of
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15 household" as used in this section means a person who as owner or
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16 joint owner maintains a home and furnishes support for the home,
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17 furnishings, and other material necessities.
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18 C. The application for the additional homestead exemption shall
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19 be made each year on or before March 15 or within thirty (30) days
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20 from and after receipt by the taxpayer of notice of valuation
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21 increase, whichever is later, and upon the form prescribed by the
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22 Oklahoma Tax Commission, which shall require the taxpayer to certify
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23 as to the amount of gross income. Upon request of the county
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1 assessor, the Oklahoma Tax Commission shall assist in verifying the
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2 correctness of the amount of the gross income.
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3 D. For persons sixty-five (65) sixty (60) years of age or older
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4 as of March 15 and who have previously qualified for the additional
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5 homestead exemption, no annual application shall be required in
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6 order to receive the exemption provided by this section; however,
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7 any person whose gross household income in any calendar year exceeds
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8 the amount specified in this section in order to qualify for the
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9 additional homestead exemption shall notify the county assessor and
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10 the additional exemption shall not be allowed for the applicable
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11 year. Any executor or administrator of an estate within which is
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12 included a homestead property exempt pursuant to the provisions of
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13 this section shall notify the county assessor of the change in
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14 status of the homestead property if such property is not the
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15 homestead of a person who would be eligible for the exemption
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16 provided by this section.
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17 SECTION 2. This act shall become effective November 1, 2025.
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19 60-1-423 QD 1/19/2025 5:44:02 AM
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Req. No. 423 Page 3Every fact on this page links to its source, starting with the official bill record.