The bill amends Oklahoma's property tax relief laws by updating income limitations and claim limits for eligible individuals. Specifically, it raises the gross household income threshold for individuals aged sixty-five or older and totally disabled persons from $12,000 to $38,000. Additionally, the maximum claim amount for property tax relief is increased from $200 to $2,000. The bill also makes statutory language more gender-neutral and updates references to ensure clarity and consistency within the law.

Furthermore, the bill clarifies that the right to file a claim for property tax relief is personal to the claimant and does not survive their death, although a surviving spouse may still file a claim for benefits. The effective date for these changes is set for January 1, 2026.