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OK HB2199

Bill

Official Source

Status

Introduced

2/6/2012

Primary Sponsor

John Trebilcock

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Increases the qualifying income limit for an additional homestead exemption from $20,000 to $30,000 annually
  • Allows heads of households earning up to $30,000 gross annual income to claim an additional $1,000 exemption on assessed homestead value
  • Requires annual application by March 15 or within 30 days of receiving valuation notice, whichever is later
  • Exempts seniors age 65+ from reapplying annually if previously qualified, unless income exceeds the threshold
  • Effective date: November 1, 2012

Legislative Description

Revenue and taxation; additional homestead exemption; qualifying income limit; effective date.

Revenue and Taxation

Last Action

Second Reading referred to Appropriations and Budget

2/7/2012

Committee Referrals

Appropriations and Budget2/7/2012

Full Bill Text

No bill text available