SB2147 • 2026

Ad valorem tax; assigning certain fair cash value for homestead of those displaced by turnpike construction. Effective date.

Taxes

Active

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

Sponsor: Sacchieri
Last action: 2026-02-03
Official status: Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
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.

Ad valorem tax; assigning certain fair cash value for homestead of those displaced by turnpike construction. Effective date.

Ad valorem tax; assigning certain fair cash value for homestead of those displaced by turnpike construction.

What This Bill Does

Ad valorem tax; assigning certain fair cash value for homestead of those displaced by turnpike construction.
Effective date.
Bill Summaries/Fiscal Impact for SB 2147 (Senate): Introduced (1/29/2026)

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.

Bill History

2026-02-03 Senate
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
2026-02-02 Senate
First Reading
2026-02-02 Senate
Authored by Senator Sacchieri

Official Summary Text

Ad valorem tax; assigning certain fair cash value for homestead of those displaced by turnpike construction. Effective date.
Bill Summaries/Fiscal Impact for SB 2147 (Senate): Introduced (1/29/2026)

Current Bill Text

Read the full stored bill text

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STATE OF OKLAHOMA

2nd Session of the 60th Legislature (2026)

SENATE BILL 2147 By: Sacchieri

AS INTRODUCED

An Act relating to ad valorem; assigning fair cash
value for certain homesteads of taxpayers displaced
by turnpike construction; providing for codification;
and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. NEW LAW A new section of law to be codified
in the Oklahoma Statutes as Section 2888.1 of Title 68, unless there
is created a duplication in numbering, reads as follows:
For an individual who owned a homestead that was purchased by
the Department of Transportation for the construction or expansion
of a turnpike and is claiming a subsequent homestead exemption on a
property, that subsequent homestead shall be initially assigned a
taxable fair cash value in the same amount as the taxable fair cash
value of the prior homestead in the tax year the homestead was
purchased.
SECTION 2. This act shall become effective November 1, 2026.

60-2-2351 QD 1/15/2026 1:40:29 PM