HB 1198 Oklahoma House · 2025 Regular Session

Revenue and taxation; ad valorem; homestead exemption; definition; effective date.

HB 1198 adds a $1,000 homestead exemption for Oklahoma homeowners who are heads of household and have gross household income under $30,000 annually. It defines "gross household income" broadly to include most income types (like Social Security and pensions) while excluding veterans' benefits and certain COVID-19 relief payments. Homeowners must apply yearly by March 15 (or within 30 days of a valuation notice) to claim the exemption, but seniors 65+ who already qualify do not need to reapply annually unless their income exceeds $30,000. The law takes effect November 1, 2025.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 10, 2025

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Proposed Committee Substitute (sub committee) 1 · 6 edits

MODERATE

The bill was amended to replace the original text with a proposed substitute version, primarily updating the document title and tracking numbers while maintaining the core legislative content regarding additional homestead exemptions. The substantive policy provisions remain unchanged, including the $1,000 exemption for low-income households and the $30,000 gross household income threshold.

Scope change

The bill's scope and applicability remain unchanged; this is a procedural amendment updating the document classification from 'Introduced' to 'Proposed Committee Substitute'.

TECHNICAL

Document title changed from 'HOUSE BILL 1198' to 'PROPOSED SUBCOMMITTEE SUBSTITUTE FOR HOUSE BILL NO. 1198'

Tracking number updated from Req. No. 10109 to Req. No. 12348

Date stamp updated from 01/01/25 to 02/04/25

Removed introductory text indicating the bill was 'AS INTRODUCED'

Added committee amendment header and amendment submission details

POLICY

All substantive policy provisions regarding homestead exemptions, income thresholds, and effective dates remain identical

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 10, 2025

Lower · Passed

Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Finance Subcommittee

lower

Feb 4, 2025

Committee

Referred to Appropriations and Budget Finance Subcommittee

lower

Feb 3, 2025

Introduced

First Reading

lower

2 primary · 0 co-sponsors