HJR 1079 Summary

• Proposes amending the Oklahoma Constitution by adding Section 33A to Article V to impose heightened approval requirements for laws enacting tax credits

• Requires tax credit measures to receive three-fourths (3/4) approval from both the Oklahoma House of Representatives and Senate to become law

• Allows tax credit measures receiving simple majority (but less than 3/4) approval to be submitted to voters at the next general election, becoming law if approved by majority vote

• Prohibits consideration of tax credit measures during the final five (5) days of any regular or extraordinary legislative session

• Automatically terminates all existing tax credits usable by for-profit business entities on July 1, 2016, while preserving credits available only to natural persons