OK HJR1080

Proposes amendment to Section 6B of Article X of Oklahoma Constitution to provide ad valorem tax exemptions for qualifying manufacturing concerns for five years.

Defines "qualifying manufacturing concern" as businesses either new to the state or expanding to new locations while continuing existing operations, and allows exemptions on existing facilities unoccupied for 12+ months.

Requires Legislature to define "manufacturing facility" and enact laws providing reimbursement to schools, county governments, cities, emergency services, vocational schools, junior colleges, health departments and libraries for tax revenues lost through the exemption.

Allows counties to retain up to 25% of increased ad valorem taxes after exemption period expires through affirmative voter approval, for use as economic development incentives.

Directs Secretary of State to refer the proposed constitutional amendment to voters with specified ballot title language.