Loading chat...

OK HJR1009

Joint Resolution

Status

Engrossed

3/17/2014

Primary Sponsor

David Dank

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

  • Proposes amendment to Section 8C of Article X of Oklahoma Constitution to remove income limits for homestead property tax protection for seniors aged 65+

  • Currently, seniors 65+ with homesteads can qualify for frozen property tax valuations if their household income does not exceed a threshold amount determined by HUD median income guidelines

  • Proposed change would eliminate the income threshold requirement, allowing any person 65+ years old to qualify for the homestead property tax freeze regardless of household income level

  • Effective date of amendment would be January 1, 2015

  • Directs Secretary of State to refer amendment to voters and provides specific ballot language for public approval or rejection

Legislative Description

Oklahoma Constitution; property tax; valuation increases; homesteads; ballot title; filing.

Revenue and Taxation

Last Action

Second Reading referred to Rules

3/19/2014

Committee Referrals

Rules3/19/2014
Appropriations and Budget2/5/2013

Full Bill Text

No bill text available