1 STATE OF OKLAHOMA
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2 2nd Session of the 59th Legislature (2024)
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3 HOUSE BILL 3028 By: Maynard
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6 AS INTRODUCED
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7 An Act relating to revenue and taxation; amending 68
7 O.S. 2021, Section 2890, as amended by Section 1,
8 Chapter 5, 1st Extraordinary Session, O.S.L. 2023 (68
8 O.S. Supp. 2023, Section 2890), which relates to
9 additional homestead exemptions; modifying definition
9 of gross household income; and providing an effective
10 date.
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13 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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14 SECTION 1. AMENDATORY 68 O.S. 2021, Section 2890, as
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15 amended by Section 1, Chapter 5, 1st Extraordinary Session, O.S.L.
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16 2023 (68 O.S. Supp. 2023, Section 2890), is amended to read as
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17 follows:
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18 Section 2890. A. In addition to the amount of the homestead
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19 exemption authorized and allowed in Section 2889 of this title, an
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20 additional exemption is hereby granted, to the extent of One
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21 Thousand Dollars ($1,000.00) of the assessed valuation on each
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22 homestead of heads of households whose gross household income from
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23 all sources for the preceding calendar year did not exceed Thirty
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24 Thousand Dollars ($30,000.00).
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Req. No. 8570 Page 1
 1 B. The term "gross household income" as used in this section
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2 means the gross amount of income of every type, regardless of the
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3 source, received by all persons occupying the same household,
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4 whether such income was taxable or nontaxable for federal or state
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5 income tax purposes, including pensions, annuities, federal Social
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6 Security, unemployment payments, public assistance payments,
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7 alimony, support money, workers' compensation, loss-of-time
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8 insurance payments, net capital gains and any other type of income
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9 received, and excluding gifts. The term "gross household income"
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10 shall not include any veterans' disability compensation payments or
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11 the amount of any federal stimulus or relief payments related to the
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12 COVID-19 virus. The term "head of household" as used in this
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13 section means a person who as owner or joint owner maintains a home
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14 and furnishes support for the home, furnishings, and other material
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15 necessities.
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16 C. The application for the additional homestead exemption shall
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17 be made each year on or before March 15 or within thirty (30) days
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18 from and after receipt by the taxpayer of notice of valuation
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19 increase, whichever is later, and upon the form prescribed by the
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20 Oklahoma Tax Commission, which shall require the taxpayer to certify
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21 as to the amount of gross income. Upon request of the county
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22 assessor, the Oklahoma Tax Commission shall assist in verifying the
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23 correctness of the amount of the gross income.
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 1 D. For persons sixty-five (65) years of age or older as of
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2 March 15 and who have previously qualified for the additional
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3 homestead exemption, no annual application shall be required in
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4 order to receive the exemption provided by this section; however,
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5 any person whose gross household income in any calendar year exceeds
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6 the amount specified in this section in order to qualify for the
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7 additional homestead exemption shall notify the county assessor and
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8 the additional exemption shall not be allowed for the applicable
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9 year. Any executor or administrator of an estate within which is
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10 included a homestead property exempt pursuant to the provisions of
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11 this section shall notify the county assessor of the change in
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12 status of the homestead property if such property is not the
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13 homestead of a person who would be eligible for the exemption
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14 provided by this section.
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15 SECTION 2. This act shall become effective November 1, 2024.
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17 59-2-8570 MAH 01/09/24
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Statutes affected:
Introduced: 68-2890
Floor (House): 68-2890
Floor (Senate): 68-2890
Engrossed: 68-2890