HB 2621 Summary

• Amends Section 8E of Article X of the Oklahoma Constitution to allow qualified disabled veterans or their surviving spouses to acquire a new homestead property in the same calendar year a previous homestead was sold and receive the same exemption for the new property.

• Creates new Section 8F of Article X of the Oklahoma Constitution providing a full homestead exemption for the un-remarried surviving spouse of a member of the Armed Forces determined by the U.S. Department of Defense to have died while in the line of duty, effective January 1, 2015.

• Allows surviving spouses under Section 8F to acquire a new homestead property in the same calendar year a previous homestead was transferred and apply the same exemption to the newly acquired property.

• Makes the Section 8F exemption applicable retroactively to calendar year 2014 for surviving spouses of persons previously determined to have died in the line of duty.

• Directs the Secretary of State to submit both constitutional amendments to voters with specified ballot titles describing the exemptions and eligibility requirements.