1 STATE OF OKLAHOMA
2 1st Session of the 58th Legislature (2021)
3 HOUSE BILL 1009 By: Sims
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6 AS INTRODUCED
7 An Act relating to revenue and taxation; amending 68
O.S. 2011, Section 2890, as amended by Section 1,
8 Chapter 56, O.S.L. 2016 (68 O.S. Supp. 2020, Section
2890), which relates to additional homestead
9 exemptions; modifying qualifying income amounts; and
providing an effective date.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
13 SECTION 1. AMENDATORY 68 O.S. 2011, Section 2890, as
14 amended by Section 1, Chapter 56, O.S.L. 2016 (68 O.S. Supp. 2020,
15 Section 2890), is amended to read as follows:
16 Section 2890. A. In addition to the amount of the homestead
17 exemption authorized and allowed in Section 2889 of this title, an
18 additional exemption is hereby granted, to the extent of One
19 Thousand Dollars ($1,000.00) of the assessed valuation on each
20 homestead of heads of households whose gross household income from
21 all sources for the preceding calendar year did not exceed Twenty
22 Thousand Dollars ($20,000.00) Twenty-five Thousand Dollars
23 ($25,000.00).
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1 B. The term "gross household income" as used in this section
2 means the gross amount of income of every type, regardless of the
3 source, received by all persons occupying the same household,
4 whether such income was taxable or nontaxable for federal or state
5 income tax purposes, including pensions, annuities, federal Social
6 Security, unemployment payments, public assistance payments,
7 alimony, support money, workers' compensation, loss-of-time
8 insurance payments, capital gains and any other type of income
9 received, and excluding gifts. The term "gross household income"
10 shall not include any veterans' disability compensation payments.
11 The term "head of household" as used in this section means a person
12 who as owner or joint owner maintains a home and furnishes support
13 for the home, furnishings, and other material necessities.
14 C. The application for the additional homestead exemption shall
15 be made each year on or before March 15 or within thirty (30) days
16 from and after receipt by the taxpayer of notice of valuation
17 increase, whichever is later, and upon the form prescribed by the
18 Oklahoma Tax Commission, which shall require the taxpayer to certify
19 as to the amount of gross income. Upon request of the county
20 assessor, the Oklahoma Tax Commission shall assist in verifying the
21 correctness of the amount of the gross income.
22 D. For persons sixty-five (65) years of age or older as of
23 March 15 and who have previously qualified for the additional
24 homestead exemption, no annual application shall be required in
Req. No. 5853 Page 2
1 order to receive the exemption provided by this section; however,
2 any person whose gross household income in any calendar year exceeds
3 the amount specified in this section in order to qualify for the
4 additional homestead exemption shall notify the county assessor and
5 the additional exemption shall not be allowed for the applicable
6 year. Any executor or administrator of an estate within which is
7 included a homestead property exempt pursuant to the provisions of
8 this section shall notify the county assessor of the change in
9 status of the homestead property if such property is not the
10 homestead of a person who would be eligible for the exemption
11 provided by this section.
12 SECTION 2. This act shall become effective January 1, 2022.
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14 58-1-5853 MAH 12/28/20
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Statutes affected:
Introduced: 68-2890
Floor (House): 68-2890
Floor (Senate): 68-2890
Engrossed: 68-2890
Amended And Engrossed: 68-2890
Enrolled (final version): 68-2890