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OK HJR1015

Joint Resolution

Status

Introduced

2/2/2015

Primary Sponsor

David Dank

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

  • Directs the Secretary of State to refer a proposed constitutional amendment to Section 8C of Article X to Oklahoma voters for approval or rejection.

  • Changes the effective date of the homestead fair cash value freeze from January 1, 2005 to January 1, 2017.

  • 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.

  • 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.

  • 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

Committee Referrals

Rules2/3/2015

Full Bill Text

No bill text available