Oklahoma legislation · 2026 Regular Session
Oklahoma SB2001: Homestead exemption; authorizing exemption for certain people with homesteads that were purchased by the Oklahoma Turnpike Authority. Effective date.
Status: In committee, April 1, 2026
What the bill says
From the engrossed text, February 10, 2026:
SENATE FLOOR VERSION February 9, 2026 COMMITTEE SUBSTITUTE FOR SENATE BILL NO. 2001 By: Standridge [ ad valorem - homestead exemption - effective date ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. AMENDATORY 68 O.S. 2021, Section 2889, is amended to read as follows: Section 2889. A. Homesteads, as defined in Section 2888 of this title, are hereby classified for the purpose of taxation as provided in Section 22 of Article X of the Oklahoma Constitution. All Except as provided for in subsection B of this section, homesteads in this state shall be assessed for taxation the same as other real property therein, except that each homestead, as defined by Section 2801 et seq. of this title, shall be exempted from all forms of ad valorem taxation pursuant to Section 1 of Article XII-A of the Oklahoma Constitution to the extent of One Thousand Dollars ($1,000.00) of the assessed valuation. B. For tax year 2027 and subsequent tax years, for an individual who owned a homestead that was purchased by the Oklahoma SENATE FLOOR VERSION - SB2001 SFLR Page (Bold face denotes Committee Amendments) Turn pike Authority for the construction or expansion of a turnpike and is claiming a subsequent homestead exemption on a property, that homestead shall, for the first three (3) tax …
Sponsors
- Annie Menz (D, HD-045)
- Lisa Standridge (R, SD-015) · primary sponsor
Latest actions
- : Coauthored by Representative Menz
- : Coauthored by Representative Blair (principal House author)
- : Placed on General Order
- : Title stricken
- : Reported Do Pass, amended by committee substitute Revenue and Taxation committee; CR filed
- : Second Reading referred to Revenue and Taxation
- : Authored by Senator Standridge
- : First Reading
Votes
- Senate Revenue & Taxation Committee (February 9, 2026): 10 yea, 1 nay, passed
Subjects: Taxation
Common questions
- What is SB2001?
- SB2001 is a bill in the Oklahoma Legislature (2026 Regular Session): Homestead exemption; authorizing exemption for certain people with homesteads that were purchased by the Oklahoma Turnpike Authority. Effective date.
- What is the status of SB2001?
- In committee as of April 1, 2026. Latest action: Coauthored by Representative Menz (April 1, 2026).
- Who sponsored SB2001?
- Lisa Standridge (R, SD-015), with 1 co-sponsor.
- Where is the official record for SB2001?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=SB2001&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.