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OK HB3751

OK HB3751
Revenue and taxation; ad valorem; homestead definition; mobile home; site-built home; effective date.


summary

Introduced
02/02/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 2888, which relates to the homestead definition for purposes of ad valorem taxation; modifying homestead definition to include mobile homes and site-built homes on rented or leased land; and providing an effective date.

AI Summary

This bill amends Oklahoma law to expand the definition of "homestead" for ad valorem tax purposes, meaning the primary residence that qualifies for certain tax exemptions. Previously, a homestead primarily referred to a person's actual residence where they held record ownership of the land and dwelling. Now, the definition is broadened to include mobile homes and site-built homes that serve as a person's actual residence, even if that person does not own the land but instead rents or leases it, as long as they hold record ownership of the home itself. This change aims to provide homestead exemptions to more individuals who own their homes but not the land they are situated on. The bill also specifies an effective date of January 1, 2027, for these new provisions.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Appropriations and Budget Finance Subcommittee (on 02/03/2026)

bill text


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