Bill > SB45

This bill modifies property tax relief provisions for seniors and disabled individuals in Oklahoma by significantly increasing both income eligibility and maximum tax relief amounts. Under the updated law, individuals who are 65 years or older or totally disabled can claim property tax relief if their household income is up to $38,000 (increased from the previous $12,000 limit), with each head of household allowed to file only one claim per year. The bill also increases the maximum property tax relief claim from $200 to $2,000, calculated as the amount of property taxes paid that exceeds 1% of household income. Additionally, the bill makes the language gender-neutral by adding "or her" where appropriate and updates statutory references. The changes are intended to provide more substantial financial assistance to senior and disabled homeowners by expanding the income threshold and increasing the potential tax relief. These modifications will take effect on January 1, 2026, giving taxpayers and local governments time to prepare for the new provisions.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb45&Session=2600