Bill > SJR36

This joint resolution directs the Oklahoma Secretary of State to present a proposed amendment to the state constitution to voters for their approval or rejection, with the intent of honoring veterans and providing them with financial relief. The proposed amendment would grant an exemption from ad valorem taxation, which is a tax based on the assessed value of property, for the household personal property of honorably discharged veterans and their unremarried surviving spouses. This exemption would gradually increase over four tax years, starting in 2027, until it reaches full exemption by 2030. Additionally, the amendment would extend an exemption from the fair cash value of a homestead, which is a primary residence, to these same individuals, also phasing in over four years. The resolution also includes a ballot title that summarizes these changes for voters.

http://www.oklegislature.gov/BillInfo.aspx?Bill=sjr36&Session=2600