Bill > HJR1031

This Joint Resolution proposes an amendment to the Oklahoma Constitution that would allow disabled veterans with a permanent disability rating of at least 90% but less than 100%, as determined by the U.S. Department of Veterans Affairs, to have the net assessed value of their homestead (their primary residence) reduced by 50%. This reduced taxable value would remain in effect until the veteran sells or transfers ownership of the property, and it would become operative starting January 1, 2021. The resolution also outlines the ballot title that voters will see when deciding whether to approve this constitutional change, explaining that it would reduce the taxable value of a qualifying disabled veteran's home by half until it's sold or transferred. Finally, it directs the Chief Clerk of the House of Representatives to file copies of the resolution and its ballot title with the Secretary of State and the Attorney General.