Req. No. 11334 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 STATE OF OKLAHOMA 1st Session of the 60th Legislature (2025) HOUSE JOINT RESOLUTION 1006 By: Eaves AS INTRODUCED A Joint Resolution directing the Secretary of State to refer to the people for their approval or rejection a proposed amendme nt to the Constitution of the State of Oklahoma by adding a new Section 8G to Article X; providing for a freeze in taxpayer 's value of liability for purposes of collecting ad valorem taxes during certain inflationary period; providing for implementation of freeze; providing ballot title; and directing filing. BE IT RESOLVED BY THE H OUSE OF REPRESENTATIVES AND THE SENATE OF THE 1ST SESSION OF THE 60TH OKLAHOMA LEGISLATURE: SECTION 1. The Secretary of State shall refer to the peop le for their approval or rejection, as and in the manner provided by law, the following proposed amendment to the Constitution of the State of Oklahoma by adding a new Section 8G to Article X thereof, to read as follows: Notwithstanding any other provision s of Article X to the contrary, if the consumer price index (CPI) exceeds two percent (2%), the value of the taxpayer's ad valorem tax liability shall Req. No. 11334 Page 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 remain unchanged from the previous tax year. The provisions of this section shall be implemented the fir st assessment year immediately following the date as of which the CPI information becomes available. SECTION 2. The Ballot Title for the proposed Constitutional amendment as set forth in SECTION 1 of this resolution shall be in the following form: BALLOT TITLE Legislative Referendum No. ____ State Question No. ____ THE GIST OF THE PROPOSITION IS AS FOLLOWS: This measure creates a new section in Article 10 of the Oklahoma Constitution. This measure would allow for the value of the taxpayer's tax liability, for the purposes of collecting ad valorem taxes, to remain unchanged if inflation rate exceeds the consumer price index 's two percent (2%) targeted goal. The value of a taxpayer's liability would remain frozen and unchanged from the previ ous tax year. This freeze in the value of liability would go into effect during the first assessment year after the consumer price index information becomes available. SHALL THE PROPOSAL BE APPROVED? FOR THE PROPOSAL — YES _____________ AGAINST THE PROPOSAL — NO _____________ Req. No. 11334 Page 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 SECTION 3. The Chief Clerk of the House of Representatives, immediately after the passage of this resolution, shall prepare and file one copy thereof, including the Ballot Title set forth in SECTION 2 hereof, with th e Secretary of State and one copy with the Attorney General. 60-1-11334 AO 01/13/25