SB425

Oklahoma SB425 modifies income limitations for property tax relief claims, lowering the cap to $12,000 for eligible heads of household.

Oklahoma SB425 amends the state's ad valorem tax law to change the income limitation for property tax relief claims. The bill modifies the income cap to $12,000 for eligible heads of household, down from $40,000. This change applies to individuals who are 65 years or older or are totally disabled. The Oklahoma Tax Commission will administer these changes, providing necessary forms for claims and income reports. The bill also updates statutory language and sets an effective date of November 1, 2025.