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OK HJR1015
Joint Resolution
Status
2/2/2015
Primary Sponsor
David Dank
Click for details
AI Summary
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Directs the Secretary of State to refer a proposed constitutional amendment to Section 8C of Article X to Oklahoma voters for approval or rejection.
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Changes the effective date of the homestead fair cash value freeze from January 1, 2005 to January 1, 2017.
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Eliminates the gross household income limit restriction, allowing all homeowners age 65 and older to benefit from the fair cash value freeze regardless of income level.
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Freezes the fair cash value of a homestead for property tax purposes for persons age 65 or older who own and occupy the property, with assessments of improvements added separately.
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Establishes a ballot title explaining that the measure removes the income restriction from the current homestead fair cash value freeze effective January 1, 2017.
Legislative Description
Oklahoma Constitution; homesteads; fair cash value; gross household income; ballot title; filing.
Property
Last Action
Second Reading referred to Rules
2/3/2015