OK HJR1060

Proposes a constitutional amendment (new Section 55 to Article X) to authorize the Legislature to impose a consumer sales tax on services, with the rate capped at an amount that offsets revenue losses from corporate and individual income tax changes

Prohibits the new sales tax on services from being applied to the sale or lease of tangible personal property

Eliminates the state corporate income tax upon enactment of the services sales tax legislation

Caps the individual income tax at a flat rate of 3.0% on federal adjusted gross income, with no personal exemptions or deductions allowed

Directs the Secretary of State to refer the proposed constitutional amendment to voters for approval or rejection