This bill amends Sections 2835 and 2836 of Title 68 of the Oklahoma Statutes, which pertain to the listing and assessment of taxable property. The key changes include the modification of the deadline for taxpayers to file their property lists from March 15 to April 15 each year. Additionally, the period during which the county assessor will be available to receive property lists has been extended to April 15, and penalties for late filing have been adjusted accordingly. Specifically, if personal property is listed after April 15 but before May 15, a 10% penalty will be applied, and a 20% penalty will be imposed for listings after May 15.

The bill also emphasizes the confidentiality of sworn property lists and related documents submitted by taxpayers, ensuring they are not subject to public inspection under the Open Records Act. The effective date for these changes is set for November 1, 2025. Overall, the amendments aim to streamline the property assessment process and provide clearer guidelines for taxpayers and county assessors.