Oklahoma 2024 Regular Session

Oklahoma House Bill HB1825 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. H. B. NO. 1825 Page 1 1
	3	+	HB1825 HFLR Page 1
	4	+	BOLD FACE denotes Committee Amendments. 1
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28		-	ENGROSSED HOUSE
29		-	BILL NO. 1825 By: Conley of the House
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
	30	+
	31	+	STATE OF OKLAHOMA
	32	+
	33	+	1st Session of the 59th Legislature (2023)
	34	+
	35	+	COMMITTEE SUBSTITUTE
	36	+	FOR
	37	+	HOUSE BILL NO. 1825 By: Conley of the House
30	38
31	39		and
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33	41		Jett of the Senate
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	46	+
	47	+	COMMITTEE SUBSTITUTE
	48	+
38	49		An Act relating to revenue and taxation; amending 68
39	50		O.S. 2021, Section 29 40, which relates to property
40		-	acquired for certain public purposes; requiring county
41		-	treasurer to provide certain information related to ad
42		-	valorem tax liability upon request of seller or agent of
43		-	seller; providing for applicability of requirements
44		-	based on designated date; and prescribing time limit for
45		-	response by county treasurer.
	51	+	acquired for certain public purposes; requiring
	52	+	county treasurer to provide certain information
	53	+	related to ad valorem tax liability upon request of
	54	+	seller or agent of seller; providing for
	55	+	applicability of requirements based on designated
	56	+	date; and prescribing time limit for res ponse by
	57	+	county treasurer.
	58	+
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50	63		BE IT ENACTED BY THE PEOPLE OF THE STATE O F OKLAHOMA:
51	64		SECTION 1. AMENDATORY 68 O.S. 2021, Section 2940, is
52	65		amended to read as follows:
53	66		Section 2940. A. Whenever the United States, the state, or a
54	67		city, town, county, school district, or any other political
55	68		subdivision, including, but not limited to, a turnpike authority,
56	69		municipal trust, water or conservation district, flood control
57		-	district, levee or waterway improvement district, urban renewal
58		-	authority, public housing au thority, or any other authority
59		-	authorized by law, state or fed eral, acquires title to any real
60		-	property for a governmental purpose between January 1 and October 1
61		-	of the tax year, such property shall be relieved of ad valorem tax
62		-	for the remaining months of the year beginning with the first of the
63	70
64		-	ENGR. H. B. NO. 1825 Page 2 1
	71	+	HB1825 HFLR Page 2
	72	+	BOLD FACE denotes Committee Amendments. 1
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	97	+	district, levee or waterway improvement district, urban renewal
	98	+	authority, public housing authority, or any other authority
	99	+	authorized by law, state or fed eral, acquires title to any real
	100	+	property for a governmental purpose between January 1 and October 1
	101	+	of the tax year, such property shall be relieved of ad valorem tax
	102	+	for the remaining months of the year beginning with the first of the
89	103		month next succeeding the date its acquisition for public purposes
90	104		becomes a matter of public record, if the deed thereto was recor ded
91	105		prior to October 1; provided, however, that all taxes assessed
92	106		against such property prior to its acquisition shall be paid in full
93	107		and there be paid a sum equal to one -twelfth (1/12) times the number
94	108		of months that the property remained in private own ership of an
95	109		amount estimated by the county treasurer of the county wherein the
96	110		real property lies to be substantially equal to the amount of ta x
97	111		which would have been or will become due and pa yable for the year
98	112		had the real property not been acquired for public purposes. In
99	113		estimating the amount of taxes which would have been or will become
100	114		due and payable for the tax year had the real property not been
101	115		acquired for public purposes the county treasurer shall use as a
102	116		basis the current assessment and the t ax rate for the preceding
103	117		year, unless the tax for the current year shall be by then
104	118		determined and set, in which event he shall use as basis th e new
105	119		assessment and rate. The public agency acq uiring the property shall
106	120		deduct the amount of such taxes from the purchase price payable to
107		-	the private owner and remit the same to the county treasurer in
108		-	satisfaction of such taxes. The county treasurer of any county is
109		-	hereby authorized upon order of the board of tax roll corrections to
110		-	cancel of record all taxes assessed against such property for the
111		-	year of its acquisition when the deed the reto was recorded prior to
112		-	October 1 and the aforesaid estimate d amount of the tax for the
113	121
114		-	ENGR. H. B. NO. 1825 Page 3 1
	122	+	HB1825 HFLR Page 3
	123	+	BOLD FACE denotes Committee Amendments. 1
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	148	+	the private owner and remit the same to the county treasurer in
	149	+	satisfaction of such taxes. The county treasurer of any county is
	150	+	hereby authorized upon order of the board of tax roll corrections to
	151	+	cancel of record all taxes assessed against such property for the
	152	+	year of its acquisition when the deed thereto was recorded prior to
	153	+	October 1 and the aforesaid estimate d amount of the tax for the
139	154		months that the prope rty was in private ownership is paid, which
140	155		order shall be issued upon application of the acquiring authority.
141	156		B. If real property is sold to an entity that is ex empt from
142	157		payment of ad valorem tax pur suant to federal law, Section 6 of
143	158		Article X of the Oklahoma Constitution or otherwise, notwithstanding
144	159		the terms of sale or the provisions of any escrow agreement between
145	160		the seller and the buyer, if the seller of the property, or the
146	161		seller's agent, makes a request of the county treasurer of the
147	162		applicable county to provide an ad valorem tax bill for the property
148	163		based on the tax liability as determined for the property as of the
149	164		sale date, the county treasurer shall provide such statement to the
150	165		seller not later than ten (10) business days from the date of any
151	166		written request to do so. The provision s of this subsection shall
152	167		be applicable to the sale of any real property occurring on or after
153	168		January 1, 2023.
154		-	Passed the House of Representatives the 21st day of March, 2023.
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159		-	Presiding Officer of the House
160		-	of Representatives
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163		-	Passed the Senate the ____ day of __________, 2023.
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168		-	Presiding Officer of the Senate
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	170	+	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET , dated
	171	+	03/06/2023 - DO PASS, As Amended and Coauthored.