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OK HB1293
Bill
Status
Introduced
2/7/2011
Primary Sponsor
David Derby
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AI Summary
- Increases income eligibility threshold for homestead exemptions from fixed dollar amounts to the greater of $22,000 or 50% of HUD median income for the county
- Modifies Section 2890 to provide additional $1,000 homestead exemption for households with gross income not exceeding the new higher threshold
- Updates Section 2905 eligibility for property tax relief programs for seniors (65+) and disabled persons to use the new income calculation
- Amends Section 2906 to expand eligibility for property tax relief claims using the greater of $22,000 or 50% HUD median income standard
- Modifies Section 2907 cap on property tax relief claims to the greater of 8/10 of 1% of HUD median income or $200
- Effective date: January 1, 2012
Legislative Description
Revenue and taxation; modifying income eligibility limitations; effective date.
Revenue and Taxation
Last Action
Withdrawn from Calendar; rereferred to Appropriations and Budget Committee
2/8/2012
Committee Referrals
Appropriations and Budget2/8/2011
Full Bill Text
No bill text available