SJR 49 Summary

• Directs the Secretary of State to submit a proposed constitutional amendment to Oklahoma voters that modifies Section 8D of Article X of the Oklahoma Constitution.

• Extends the existing 100% personal property ad valorem tax exemption for disabled veterans to include manufactured homes, even if the home is not located on property owned by the veteran.

• Allows the surviving spouse of an eligible disabled veteran to claim the exemption for a manufactured home if they occupy it as their principal residence, regardless of property ownership.

• Establishes an effective date of January 1, 2015 for the new manufactured home exemption provisions.

• Requires the Oklahoma Legislature to enact implementing legislation while preserving the full exemption amount without modification.