Taxation; modifying qualifications and amount of claims for property tax relief. Effective date.

This bill (SB 45) modifies Oklahoma's property tax relief program for seniors and disabled residents. It raises the income eligibility threshold from $12,000 to $38,000 annually for households claiming relief, and increases the maximum annual tax relief amount from $200 to $2,000. Eligible individuals must be 65+ or totally disabled, reside in Oklahoma year-round, and pay property taxes on their primary home. The changes take effect January 1, 2026, directly expanding access to tax relief for low-income seniors and disabled homeowners.