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OK HB3347

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Danny Williams

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Homeowners age 65 and older would receive a complete exemption from all ad valorem (property) taxes on their homestead

  • Current law provides all homesteads a $1,000 exemption on assessed valuation; this exemption would remain for homeowners under 65

  • Amends 68 O.S. 2021, Section 2889, which governs homestead exemptions for property tax purposes

  • Invokes authority under Article XII-A of the Oklahoma Constitution to establish the senior exemption

  • Effective date: January 1, 2027

Legislative Description

Revenue and taxation; ad valorem; homestead exemption; age sixty-five or older; effective date.

Last Action

Referred to Rules

2/9/2026

Committee Referrals

Rules2/9/2026
Appropriations and Budget Finance Subcommittee2/3/2026
Appropriations and Budget2/3/2026

Full Bill Text

No bill text available