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OK HJR1006
Joint Resolution
Status
2/3/2025
Primary Sponsor
Ryan Eaves
Click for details
AI Summary
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Directs the Secretary of State to refer a proposed constitutional amendment to Oklahoma voters that adds Section 8G to Article X of the Oklahoma Constitution.
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Freezes a taxpayer's ad valorem tax liability value at the previous year's amount when the consumer price index (CPI) exceeds 2%.
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Implementation occurs during the first assessment year immediately following the date the CPI information becomes available.
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Establishes ballot title language explaining the measure allows taxpayers' tax liability to remain unchanged during periods when inflation exceeds the 2% CPI target goal.
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Requires the Chief Clerk of the House to file copies of the resolution and ballot title with the Secretary of State and Attorney General immediately after passage.
Legislative Description
Oklahoma Constitution; ad valorem; value of liability; freeze; consumer price index; ballot title; filing.
Last Action
Second Reading referred to Rules
2/4/2025