Ad valorem tax; increasing homestead exemption; expanding homestead eligibility. Effective date.

SB 823 expands Oklahoma's homestead property tax exemption to include manufactured homes located on land not owned by the resident, provided the home is their primary residence. It increases the homestead exemption amount and explicitly includes manufactured homes as qualifying property under the tax code. The bill also adds protections for tornado victims, allowing them to claim the exemption if they meet specific conditions related to property damage or relocation. This directly affects manufactured home owners (including those without land ownership) and individuals impacted by tornadoes eligible for related tax credits.