Oklahoma Tax Commission Adopts Additional Homestead Property Tax Exemption Eligibility Permanent Final Rule

The Oklahoma Tax Commission permanently adopted a final regulation amending the income eligibility ceiling of an additional homestead property tax exemption. The regulation was amended to reflect a law that increases the income eligibility ceiling for additional homestead exemption qualification to gross household income not to exceed $30,000. The regulation takes effect Aug. 11. [Okla. Tax Comm’n, Reg. Section 710:10-1-4, 08/01/24]