HB 2140 Oklahoma House · 2025 Regular Session

Revenue and taxation; Ad Valorem Tax Code; definitions; classifications of property; valuation procedures; effective date.

HB 2140 changes how Oklahoma county assessors value unfinished commercial buildings. It applies to properties missing interior finishes (like floors, walls, or ceilings) that owners or contractors plan to sell or lease for tenants to complete. The bill requires assessors to value these properties based only on the cost of construction materials used before interior work, not the potential finished value. This change takes effect for the 2026 assessment year and beyond.
Bill status passed 3 of 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
House Passage
Mar 2025
Senate Passage
Governor
Introduced Feb 3, 2025 Last action Apr 1, 2025
Maddy AI version diff · 5 comparisons

What changed between versions

House Committee Substitute → Floor (House) · 1 edit
MINOR
The bill text was reformatted from a House Committee Substitute version to a Floor version, adding the Senate sponsor's name and updating page headers. The substantive legislative content regarding tax definitions and procedures remains unchanged.
TECHNICAL

Added Senate sponsor name (Thompson) to the bill header and updated page numbering and formatting to reflect floor version status.

Floor votes

How they voted

This bill passed the House. No roll call record of that vote is available.
Full legislative history

Actions timeline

Total actions
19
Key actions
4
Committee
5
Amendments
1
Mar 27, 2025
Introduced
First Reading
upper
Mar 27, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 26, 2025
Committee
Referred for engrossment
lower
Mar 26, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 91 Nays: 2
lower
Mar 26, 2025
Introduced
Amended by floor substitute
lower
Mar 6, 2025
Lower · Passed
CR; Do Pass, amended by committee substitute Appropriations and Budget Committee
lower
Feb 27, 2025
Lower · Passed
Recommendation to the full committee; Do Pass, amended by committee substitute Appropriations and Budget Finance Subcommittee
lower
Feb 17, 2025
Committee
Referred to Appropriations and Budget Finance Subcommittee
lower
Feb 17, 2025
Committee
Referred to Appropriations and Budget
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors

Sponsors