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SB2001 • 2026

Homestead exemption; authorizing exemption for certain people displaced by turnpike. Effective date.

Homestead exemption; authorizing exemption for certain people displaced by turnpike. Effective date.

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Standridge
Last action
2026-04-01
Official status
Coauthored by Representative Menz
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Homestead exemption; authorizing exemption for certain people displaced by turnpike. Effective date.

Homestead exemption; authorizing exemption for certain people displaced by turnpike.

What This Bill Does

  • Homestead exemption; authorizing exemption for certain people displaced by turnpike.
  • Effective date.
  • Bill Summaries/Fiscal Impact for SB 2001 (Senate): Introduced (1/23/2026) Bill Summaries/Fiscal Impact for SB 2001 (Senate): Committee Substitute (2/10/2026) Fiscal Impact Statements For SB 2001 (Senate): SB2001 INT FI.PDF (Fiscal (Senate))

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Filed

Plain English: Req.

  • Req.
  • No.
  • 3628 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 2nd Session of the 60th Legislature (2026) COMMITTEE SUBSTITUTE FOR SENATE BILL NO.
  • 2001 By: Standridge COMMITTEE SUBSTITUTE An Act relating to ad valorem; amending 68 O.S.
Filed

Plain English: Filed

  • The official amendment file could not be read automatically during the last sync, so only the official amendment metadata is shown right now.

Bill History

  1. 2026-04-01 Senate

    Coauthored by Representative Menz

  2. 2026-03-05 Senate

    Coauthored by Representative Blair (principal House author)

  3. 2026-02-11 Senate

    Placed on General Order

  4. 2026-02-09 Senate

    Reported Do Pass, amended by committee substitute Revenue and Taxation committee; CR filed

  5. 2026-02-09 Senate

    Title stricken

  6. 2026-02-03 Senate

    Second Reading referred to Revenue and Taxation

  7. 2026-02-02 Senate

    First Reading

  8. 2026-02-02 Senate

    Authored by Senator Standridge

Official Summary Text

Homestead exemption; authorizing exemption for certain people displaced by turnpike. Effective date.
Bill Summaries/Fiscal Impact for SB 2001 (Senate): Introduced (1/23/2026)
Bill Summaries/Fiscal Impact for SB 2001 (Senate): Committee Substitute (2/10/2026)
Fiscal Impact Statements For SB 2001 (Senate): SB2001 INT FI.PDF (Fiscal (Senate))

Current Bill Text

Read the full stored bill text 
SENATE FLOOR VERSION - SB2001 SFLR Page 1
(Bold face denotes Committee Amendments)
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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 2
(Bold face denotes Committee Amendments)
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Turnpike 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 years the homestead
exemption is authorized, be granted an additional exemption from all
forms of ad valorem taxation to the extent of the amount of the
assessed valuation necessary to limit the ad valorem liability of
the taxpayer to equal the amount of ad valorem liability on the
previous homestead in the last tax year prior to being purchased by
the Authority.
SECTION 2. This act shall become effective November 1, 2026.
COMMITTEE REPORT BY: COMMITTEE ON REVENUE AND TAXATION
February 9, 2026 - DO PASS AS AMENDED BY CS