Oklahoma 2024 Regular Session

Oklahoma House Bill HJR1025 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	ENGR. H. J. R. NO. 1025 Page 1 1
	3	+	HJR1025 HFLR Page 1
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28		-	ENGROSSED HOUSE
29		-	JOINT
30		-	RESOLUTION NO. 1025 By: Wolfley and Roberts of the
31		-	House
	29	+	HOUSE OF REPRESENTATIVES - FLOOR VERSION
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33		-	~~and~~
	31	+	STATE OF OKLAHOMA
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35		-	Bullard of the Senate
	33	+	1st Session of the 59th Legislature (2023)
	34	+
	35	+	HOUSE JOINT
	36	+	RESOLUTION 1025 By: Wolfley and Roberts
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	40	+
	41	+	AS INTRODUCED
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40	43		A Joint Resolution directing the Secretary of State
41	44		to refer to the people for their approval or
42	45		rejection a proposed amendme nt to Section 8C of
43	46		Article X of the Constitution of the State of
44	47		Oklahoma; modifying provisions related to maximum
45	48		income amount for purposes of fair cash value
46	49		determinations for certain homestead pro perties;
47	50		providing ballot title; and directing filing.
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52	55		BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE
53		-	~~2ND~~ SESSION OF THE 59TH OKLAHOMA LEGISLATURE:
	56	+	1ST SESSION OF THE 59TH OKLAHOMA LEGISLATURE:
54	57		SECTION 1. The Secretary of State shall refer to the peopl e for
55	58		their approval or rejection, as and in the m anner provided by law,
56	59		the following propos ed amendment to Section 8C of Article X of the
57	60		Constitution of the State of Oklahoma to read as follows:
58	61		Section 8C. A. Despite any provision to the contrary,
59	62		beginning January 1, 2005, the fair cash val ue, as determined by
60	63		law, on each homestead of an i ndividual head of household whose
61	64		gross household income from all sources for the preceding calendar
62	65		year did not exceed an amount as provided in subsection B of t his
63		-	section, and which individual head of household is sixty-five (65)
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65		-	ENGR. H. J. R. NO. 1025 Page 2 1
	67	+	HJR1025 HFLR Page 2
	68	+	BOLD FACE denotes Committee Amendments. 1
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	93	+	section, and which individual head of household is sixty-five (65)
90	94		years of age or older, shall not exceed the fair cash value placed
91	95		upon the property du ring the first year in which the individual head
92	96		of household was sixty -five (65) years of age or older and had gross
93	97		household income from all sources which did not exceed an amount as
94	98		provided in subsection B of this section. Subject to the
95	99		limitations of this section, the fair cash value shall not exceed
96	100		such amount as long as the individual head o f household who is
97	101		sixty-five (65) years of age or older owns and occupies the property
98	102		and as long as the gross household income from all sources does not
99	103		exceed an amount as provided in subsection B of this section. If
100	104		any improvements are made to the p roperty, the fair cash value of
101	105		the improvements shall be assessed in accordance with law by the
102	106		county assessor and added to the assessed value of the proper ty.
103	107		Once the fair cash value of the improvements has been added to the
104	108		fair cash value of the pro perty, the total fair cash value shall not
105	109		exceed the revised valuation of the property so lo ng as the
106	110		individual head of household who is sixty -five (65) years of age or
107	111		older owns and occupies the property and so long as the gross
108	112		household income from a ll sources does not exceed an amount as
109	113		provided in subsection B of this section. For any in dividual head
110	114		of household who is sixty -five (65) years of age or older prior to
111	115		January 1, 1997, and has gross household income from all sources of
112	116		Twenty-five Thousand Dollars ($25,000.00) or less in cal endar year
113		-	1996, the fair cash value of the real property shall be the fair
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115		-	ENGR. H. J. R. NO. 1025 Page 3 1
	118	+	HJR1025 HFLR Page 3
	119	+	BOLD FACE denotes Committee Amendments. 1
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	144	+	1996, the fair cash value of the real pr operty shall be the fair
140	145		cash value placed upon the property on J anuary 1, 1997. If the
141	146		individual head of household ceases to own and occupy the property
142	147		or if the gross household income from all sources exceeds an amount
143	148		as provided in subsection B of t his section, the fair cash value of
144	149		the property shall be determi ned as if the provisions of Section 8
145	150		of Article X of the Constitution of the State of Oklahoma or any
146	151		other provisions relating to a limita tion on the fair cash value of
147	152		locally assessed rea l property had been in effect during the time
148	153		the property was valued pursuant to the provisions of this section.
149	154		B. The income threshold for the gross household income from all
150	155		sources for an individual head of household under this section shall
151	156		not exceed double the amount determined by the United States
152	157		Department of Housing and Urban Development to be the estimated
153	158		median income for the preceding year for the c ounty or metropolitan
154	159		statistical area whi ch includes such county. The Oklahoma Tax
155	160		Commission shall provide such information to each county assessor
156	161		each year as soon as such information becomes available.
157	162		SECTION 2. The Ballot Title for the proposed Constitutional
158	163		amendment as set forth in SECTION 1 of this resolution shall be in
159	164		the following form:
160	165		BALLOT TITLE
161	166		Legislative Referendum No. ____ State Question No. ____
162	167		THE GIST OF THE PROPOSITION IS AS FOLLOWS:
163	168
164		-	ENGR. H. J. R. NO. 1025 Page 4 1
	169	+	HJR1025 HFLR Page 4
	170	+	BOLD FACE denotes Committee Amendments. 1
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189	195		This measure amends the Okla homa Constitution. It amends Section
190	196		8C of Article 10. Persons age 65 or older can qualify f or a
191	197		property tax benefit. The benefit means that the fair cash
192	198		value of the homestead property for the owner cannot increase
193	199		after the person reaches age 65 and is otherwise qualified.
194	200		There is a limit on the income a person can receive and still
195	201		have this property tax benefit. The income limit is determined
196	202		in each county by reference to median income guidelines
197	203		published by the United States Department of Hou sing and Urban
198	204		Development. This measure would double the amount of income a
199	205		person can receive and still be able to qualify for the property
200	206		tax benefit.
201	207		SHALL THE PROPOSAL BE APPROVED?
202	208		FOR THE PROPOSAL — YES _____________
203	209		AGAINST THE PROPOSAL — NO _____________
204	210		SECTION 3. The Chief Clerk of the House of Representatives,
205	211		immediately after the passage of this resolution, shall prepare and
206	212		file one copy thereof, including the Ballot Title set forth in
207	213		SECTION 2 hereof, with the Secretary of State and one copy w ith the
208	214		Attorney General.
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235		-	Passed the House of Representatives the 13th day of March, 2024.
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240		-	Presiding Officer of the House
241		-	of Representatives
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245		-	Passed the Senate the ___ day of __________, 2024.
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250		-	Presiding Officer of the Senate
	216	+	COMMITTEE REPORT BY: COMMITTEE ON RULES, dated 02/20/2024 - DO PASS,
	217	+	As Coauthored.