HJR 1010 Summary

• Proposes amendment to Section 6B, Article X of the Oklahoma Constitution to modify language regarding ad valorem tax exemptions for manufacturing facilities.

• Changes "For the purpose of inducing" to "To induce" in the constitutional language describing manufacturing facility tax exemptions.

• Maintains existing exemption provisions: qualifying manufacturing concerns can receive up to 5 years of ad valorem tax exemption on new, expanded, or acquired manufacturing facilities.

• Directs Secretary of State to refer proposed amendment to voters for approval, with specific ballot title and procedural requirements for filing with Attorney General.