HJR 1024 Summary

• Directs the Secretary of State to refer a proposed amendment to Section 6B of Article X of the Oklahoma Constitution to voters for approval or rejection.

• Changes manufacturing facility tax exemptions to require simple majority vote (instead of unanimous disapproval) by county commissioners for exemptions first requested on or after January 1, 2017.

• Authorizes county commissioners to set exemption duration of 1-5 years and exempt percentage of facility value up to 100%, with authority varying annually but not within a single assessment year.

• Eliminates legislature's obligation to reimburse local taxing jurisdictions (schools, counties, cities, libraries, etc.) for lost tax revenues from manufacturing exemptions granted after January 1, 2017, while maintaining reimbursement requirement for exemptions granted prior to that date.

• Requires filing of the resolution with the Secretary of State and Attorney General immediately after passage, with a specified ballot title for voter consideration.