Bill > HJR1071

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. This amendment would create a new partial exemption from ad valorem taxes (taxes on property value) for disabled veterans. Currently, veterans with a 100% permanent disability rating are fully exempt from these taxes on their homes. The proposed amendment, effective January 1, 2027, would provide a partial exemption for veterans with service-connected disability ratings of at least 10% but less than 100%, with the exemption amount increasing based on the percentage of disability, ranging from $5,000 for a 10-29% rating up to $12,000 for a 70-99% rating. To qualify, veterans must be Oklahoma residents and meet homestead exemption requirements. The resolution also includes the specific wording for the ballot title that voters will see when they vote on the measure.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hjr1071&Session=2600