Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB425 Compare Versions

Only one version of the bill is available at this time.

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53	53	STATE OF OKLAHOMA
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55	55	1st Session of the 60th Legislature (2025)
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57	57	SENATE BILL 425 By: Sacchieri
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63	63	AS INTRODUCED
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65	65	An Act relating to ad valorem tax; amending 68 O.S.
66	66	2021, Sections 2905 and 2906 , which relate to claims
67	67	for property tax relief; modi fying certain income
68	68	limitation; modifying age requirement; updating
69	69	statutory language; and providing an effective date .
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75	75	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
76	76	SECTION 1. AMENDATORY 68 O.S. 2021, Secti on 2905, is
77	77	amended to read as follows:
78	78	Section 2905. The provisions of Secti ons 2904 through 2911 of
79	79	this title shall apply only to persons sixty-five (65) sixty (60)
80	80	years of age or older or to any totally disabled person, who is head
81	81	of a household, was a resident of and domiciled in this state during
82	82	the entire preceding calendar year, and whose gross household income
83	83	does not exceed the amount of Twelve Thousand Dollars ($12,000.00)
84	84	Forty Thousand Dollars ($40,000.00) for any calendar year. The
85	85	provisions of these sections shall be administered by the Oklahoma
86	86	Tax Commission, which shall devise and furnish appropriate forms for
87	87	claims, reports of household income, proof of property taxes paid,
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139	139	and such other forms as may be deemed necessary to support claims
140	140	made pursuant to said such sections.
141	141	SECTION 2. AMENDATORY 68 O.S. 2021, Section 2906, is
142	142	amended to read as follows:
143	143	Section 2906. Any person sixty-five (65) sixty (60) years of
144	144	age or older or any totally disabled perso n, who is the head of a
145	145	household, a resident of and domiciled in this state d uring the
146	146	entire preceding calendar year, and whose gross household income for
147	147	such year does not exceed Twelve Thousand Dollars ($12,000.00) Forty
148	148	Thousand Dollars ($40,000.00) may file a claim for property tax
149	149	relief on the amount of property taxes paid on the household
150	150	occupied by such person during the preceding calendar year. Each
151	151	head of household shall be allowed to file only one claim per year.
152	152	SECTION 3. This act shall become effective November 1, 2025.
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154	154	60-1-422 QD 1/7/2025 11:49:36 AM