OK HJR1001

Proposes amendment to Section 8C of Article X of the Oklahoma Constitution allowing persons age 65 or older to qualify for homestead property tax freeze regardless of income level.

Removes the current income threshold limitation (based on HUD median income) that restricts senior homestead exemption eligibility to those meeting specified income requirements.

Establishes effective date of January 1, 2013 for the amendment allowing seniors to lock in homestead property values without being subject to further fair cash value increases for taxation purposes.

Directs Secretary of State to refer proposed constitutional amendment to voters with specified ballot title explaining the change would eliminate income restrictions for the senior property tax freeze benefit.

Requires Chief Clerk of House to file copies of resolution with Secretary of State and Attorney General upon passage.