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OK SJR39

Joint Resolution

Official Source

Status

Introduced

2/7/2011

Primary Sponsor

Greg Treat

Click for details

Origin

Senate

2011 Regular Session

AI Summary

  • Proposes amending Section 8B of Article X of the Oklahoma Constitution to reduce the annual limit on fair cash value increases for locally assessed real property from 5% to 2% per year
  • Maintains existing exceptions for property transfers, title changes, and improvements
  • Deletes obsolete language regarding county compliance deadlines that was effective January 1, 1997
  • Directs the Secretary of State to refer the proposed constitutional amendment to voters for approval or rejection
  • Requires the President Pro Tempore of the Senate to file the resolution with the Secretary of State and Attorney General immediately after passage

Legislative Description

Constitutional amendment; modifying limitation on valuation increases; deleting obsolete language.

Revenue and Taxation

Last Action

Second Reading referred to Finance

2/14/2011

Committee Referrals

Finance2/14/2011

Full Bill Text

No bill text available