BillTrack50 logo
Free Signup Login
Bill

Bill > SJR23

OK SJR23

OK SJR23
Constitutional amendment; transferring ad valorem provisions to statute; expanding exemption and modifying cap on fair cash value; authorization to levy consumption tax.

summary

Introduced
02/02/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

A Joint Resolution directing the Secretary of State to refer to the people for their approval or rejection the repeal of Section 50 of Article V, Sections 6, 6B, 7, 8, 8A, 8B, 8C, 8D, 8E, 8F, 9, 9A, 9B, 9C, 9D, 10, 10A, 10B, 12a, 22, 22A, 26, and 35 of Article X, and Sections 1 and 2 of Article XII-A of the Oklahoma Constitution, which relate to property taxes, and the addition of new Sections 2800.1, 2800.2, 2800.3, 2800.4, 2800.5, 2800.6, 2800.7, 2800.8, 2800.9, 2800.10, 2800.11, 2800.12, 2800.13, 2800.14, 2800.15, 2800.16, 2800.17, 2800.18, 2800.19, 2800.20, 2800.21, 2800.22, 2800.23, 2800.24, 2800.25, 2800.26, and 2800.27 of Title 68 of the Oklahoma Statutes; stating legislative intent; adding repealed Constitutional provisions to the Oklahoma Statutes; limiting authorization of freeze on fair cash value of homesteads of certain individuals aged sixty-five years and older to certain period; authorizing a freeze on the fair cash value of all homesteads; prescribing valuation on improvements and additions to property; authorizing full exemption on the fair cash value of homesteads of certain individuals aged sixty-five years and older; prescribing qualifications; prescribing valuation for homesteads that fall out of compliance with requirements; authorizing the boards of county commissioners to create or modify any services and service districts; authorizing joint agreements between counties; authorizing the levy of a consumption tax to replace ad valorem tax; stating purpose of levy; requiring voter approval; prohibiting counties from providing exemptions; authorizing county assessors, county boards of equalization, and county excise boards to develop certain proposal; prescribing elements of proposal; requiring approval or rejection of proposal; requiring the Oklahoma Tax Commission to provide certain assistance; authorizing development of subsequent proposal upon rejection; authorizing counties to call special election for approval of proposal and levy of tax; authorizing the call for subsequent special elections upon rejection; directing the Secretary of State to refer to the people for their approval or rejection a proposed amendment to Section 1370 of Title 68 of the Oklahoma Statutes, which relates to county sales tax; providing exception to limit on sales tax rate; providing exception to certain exemption requirement; providing ballot title; and directing filing.

AI Summary

This joint resolution proposes a comprehensive reform of Oklahoma's property tax system. The resolution aims to remove property tax provisions from the state constitution and transfer them to statutory law, while introducing a new mechanism for funding local services. Specifically, the resolution would repeal multiple sections of the Oklahoma Constitution related to property taxes and add new sections to the state statutes. The key provisions include creating a mechanism for counties to replace property taxes with a consumption tax, expanding property tax exemptions for seniors, and freezing property values for homeowners. Starting in 2027, individuals aged 65 and older would be eligible for a full property tax exemption on their homesteads, provided the property is not used as collateral for any debt. The resolution also allows counties to develop proposals for establishing and modifying service districts, with the ability to levy a consumption tax to replace existing property tax collections. Counties would be required to hold special elections to approve such proposals, and the proposals could be developed jointly between multiple counties. The measure provides significant flexibility for local governments to adapt their tax structures while potentially providing relief for property owners, particularly seniors.

Sponsors (1)

Last Action

Second Reading referred to Rules (on 02/03/2026)

bill text

bill summary

Loading...

bill summary

Loading...
Loading...