Bill > SB425

This bill modifies Oklahoma's property tax relief provisions by lowering the age qualification from 65 to 60 years old and increasing the gross household income limit from $12,000 to $40,000 for eligible individuals. The changes apply to property tax relief claims for persons who are 60 years or older or totally disabled and are the head of a household, who have been Oklahoma residents for the entire preceding calendar year. The bill requires that each head of household can file only one property tax relief claim per year, and the Oklahoma Tax Commission will continue to administer the program, providing necessary forms for claims and income reporting. These modifications aim to expand property tax relief eligibility by making the program accessible to a broader range of older and disabled homeowners with modest incomes. The bill will become effective on November 1, 2025, giving state agencies time to prepare for the implementation of these changes.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb425&Session=2600