OK SJR38

Proposes constitutional amendment to Section 8C of Article X of Oklahoma Constitution, eliminating the gross household income limit for seniors age 65+ to qualify for homestead property tax freeze.

Changes the effective date from January 1, 2005 to January 1, 2013, and removes language restricting benefits based on household income thresholds.

Removes obsolete language including the specific income limit tied to HUD median income estimates previously required by the Oklahoma Tax Commission.

Seniors age 65+ who own and occupy a homestead will have their property's fair cash value frozen at the level from the first year they turned 65, with no further increases for property tax purposes.

Directs the President Pro Tempore of the Senate to file the resolution with the Secretary of State and Attorney General immediately upon passage, and establishes the ballot title for voter approval.