Oklahoma 2024 Regular Session

Oklahoma House Bill HJR1019 Compare Versions

Version 1 (Old)

Version 2 (New)

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29		-	HOUSE OF REPRESENTATIVES - FLOOR VERSION
30		-
31	28		STATE OF OKLAHOMA
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33	30		2nd Session of the 59th Legislature (2024)
34	31
35	32		COMMITTEE SUBSTITUTE
36	33		FOR
37	34		HOUSE JOINT
38		-	RESOLUTION NO. 1019 By: Manger, Wolfley, and
39		-	Roberts
40		-
	35	+	RESOLUTION NO. 1019 By: Manger
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47	42		COMMITTEE SUBSTITUTE
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49	44		A Joint Resolution directing the Secretary of State
50	45		to refer to the people for their approval or
51	46		rejection a proposed amendment to Section 8C of
52	47		Article X of the Constitution of the State of
53	48		Oklahoma; eliminating income thre shold; providing for
54	49		occupancy requirement ; providing exception;
55	50		restricting fair cash value of homest ead for purposes
56	51		of eligibility; prescribing definition of fair cash
57	52		value pursuant to Section 8B of Article X of the
58	53		Oklahoma Constitution; providing ballot title; and
59	54		directing filing.
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65	60		BE IT RESOLVED BY THE HOUSE OF REPRESENT ATIVES AND THE SENATE OF THE
66	61		2ND SESSION OF THE 59TH OKLAHOMA LEGISLATURE:
67	62		SECTION 1. The Secretary of State shall refer to the pe ople for
68	63		their approval or rejection, as and in the manner provided by law,
69	64		the following proposed amendment to Section 8C of Article X of the
70	65		Constitution of the State of Oklahoma to read as follows:
	66	+	Section 8C. A. Despite any provision to the contrary,
	67	+	beginning January 1, 2005 2025, the fair cash value, as determined
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72		-	HJR1019 HFLR Page 2
73		-	BOLD FACE denotes Committee Amendments. 1
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98		-	Section 8C. A. Despite any provision to the contrary,
99		-	beginning January 1, 2005 2025, the fair cash value, as determined
100	94		by law, on each homestead of an individual head of household whose
101	95		gross household income from all sources for the preceding calendar
102	96		year did not exceed an amount as provided in subsectio n B of this
103	97		section, and which individual head of household who is sixty-five
104	98		(65) years of age or older who has occupied the property for a
105	99		period of at least ten (10) years prior to the first January 1 d ate
106	100		following the year during which the person atta ins the age of sixty-
107	101		five (65) years, shall not exceed the fair cash value placed upon
108	102		the property during the first year in w hich the individual head of
109	103		household was sixty-five (65) years of age or older and had gross
110	104		household income from all sources wh ich did not exceed an am ount as
111	105		provided in subsection B of this section . For purposes of this
112	106		section, absence from the home stead for a period not to exceed three
113	107		hundred sixty-five (365) days during any ten-year period shall not
114	108		disqualify the owner from eligibility. The provisions of this
115	109		section shall only be applicable to a homestead with a fair cash
116	110		value of Five Hundred Thousand Dollars ($500,000.00) or less. For
117	111		purposes of this section, the fair cash value shall be determined in
118	112		the same manner as provided by Section 8 B of Article X of the
119	113		Oklahoma Constitution . Subject to the limitations of this section,
120	114		the fair cash value shall not exceed such amount as long as the
121	115		individual head of household who is sixty -five (65) years of age or
	116	+	older owns and occupies the proper ty and as long as the gross
	117	+	household income from all sources does not ex ceed an amount as
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123		-	HJR1019 HFLR Page 3
124		-	BOLD FACE denotes Committee Amendments. 1
	119	+	Req. No. 10153 Page 3 1
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149		-	older owns and occupies the proper ty and as long as the gross
150		-	household income from all s ources does not exceed an amount as
151	144		provided in subsection B of this section. If any improvements are
152	145		made to the property, the fair cash value of the improvements shall
153	146		be assessed in accordance with law by the county assessor and added
154	147		to the assessed value of the proper ty. Once the fair cash value of
155	148		the improvements has been added to the fair cash value of the
156	149		property, the total fair cash value shall not exceed the revised
157	150		valuation of the proper ty so long as the individual head of
158	151		household who is sixty -five (65) years of age or older owns and
159	152		occupies the property and so long as the gross household income from
160	153		all sources does not exceed an amount as provided in subsection B of
161	154		this section. For any individual head of household who is sixty -
162	155		five (65) years of age or older prior to January 1, 19 97, and has
163	156		gross household income from all sources of Twenty -five Thousand
164	157		Dollars ($25,000.00) or less in calendar year 1996, the fair cash
165	158		value of the real property shall be the fair cash value placed upon
166	159		the property on January 1, 1997. If the indiv idual head of
167	160		household ceases to own and occupy the property or if the gross
168	161		household income from all sources exceeds an amount as provided in
169	162		subsection B of this section, the fair cash value of the property
170	163		shall be determined as if the provisions of S ection 8 of Article X
171	164		of the Constitution of the State of Oklahoma or any other provisions
172	165		relating to a limitation on the fair cash value of locally asse ssed
	166	+	real property had been in effect during the time the property was
	167	+	valued pursuant to the provisio ns of this section.
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174		-	HJR1019 HFLR Page 4
175		-	BOLD FACE denotes Committee Amendments. 1
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200		-	real property had been in effect during the time t he property was
201		-	valued pursuant to the provisio ns of this section.
202	194		B. The income threshold for the gross household income from all
203	195		sources for an individual head of household under this section shall
204	196		not exceed the amount determined by the United States Department of
205	197		Housing and Urban Development to b e the estimated median income for
206	198		the preceding year for the county or metropolitan statistical area
207	199		which includes such county. The Oklahoma Tax Commiss ion shall
208	200		provide such information to each county assessor each year as s oon
209	201		as such information becom es available.
210	202		SECTION 2. The Ballot Title for the proposed Constitutional
211	203		amendment as set forth in SECTION 1 of this resolution shall be in
212	204		the following form:
213	205		BALLOT TITLE
214	206		Legislative Referendum No. ____ State Question No. ____
215	207		THE GIST OF THE PROPOSITION IS AS FOLLOWS:
216	208		This measure amends Section 8C of the Oklahoma Constitution.
217	209		Increases in fair cash value of homesteads are limited for
218	210		individual heads of household age sixty-five (65) or older. The
219	211		increase cannot exce ed the fair cash value of the property
220	212		during the first year in which the owner was age sixty-five (65)
221	213		years of age or older. This limit applies if the individual
222	214		head of household meets both the age requirement and an income
223	215		limit determined by the United States Depar tment of Housing and
	216	+	Urban Development. This measure would eliminate the income
	217	+	limit requirement. The age limit would not change . The person
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225		-	HJR1019 HFLR Page 5
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	219	+	Req. No. 10153 Page 5 1
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251		-	Urban Development. This measure would eliminate the income
252		-	limit requirement. The age limit would not change . The person
253	244		would be required to have occupied the homestead f or ten (10)
254	245		years. A person could be away from the homes tead for a period
255	246		not to exceed three hundred sixty-five (365) days in a ten -year
256	247		period and still qualify. The limit on increases in fair cash
257	248		value of homestead property would only apply if the fair cash
258	249		value of the homestead is Five Hundred Thousand Dollars
259	250		($500,000.00) or less. This value would be determined the same
260	251		way as it is determined for all other purposes in the property
261	252		tax system.
262	253		SHALL THE PROPOSAL BE APPROVED?
263	254		FOR THE PROPOSAL — YES _____________
264	255		AGAINST THE PROPOSAL — NO _____________
265	256		SECTION 3. The Chief Clerk of the House of Representatives,
266	257		immediately after the passage of this resolution, shall prepare and
267	258		file one copy thereof, including the Ballot Title set forth in
268	259		SECTION 2 hereof, with the Secretary of State and one copy with the
269	260		Attorney General.
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271		-	COMMITTEE REPORT BY: COMMITTEE ON RULES, dated 02/14/2024 - DO PASS,
272		-	As Amended and Coauthored.
	262	+	59-2-10153 LRB 02/13/24
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