OK
Oklahoma Senate Bill SJR15

Oklahoma 2025 Regular Session

Oklahoma Senate Bill SJR15

Introduced
2/3/25  

Caption

Constitutional amendment; vote of the people; elimination of property tax; autorization to levy consumption tax.

Impact

The resolution mandates that counties can levy a consumption tax on the final sale of goods and services sold within their jurisdictions. This tax will be subject to voter approval, emphasizing the locals' role in determining tax settings and causing potential shifts in revenue generation for county services and school districts. The requirement for counties to develop proposals and hold elections to maintain funding for essential services is aimed at ensuring that community needs are met despite the overarching removal of property taxes.

Summary

SJR15 is a resolution proposing significant changes to the Oklahoma Constitution regarding property taxation. It seeks to repeal various sections related to property taxes and introduce a new Section 20A that allows county boards of commissioners the authority to establish or modify service districts and services that were previously funded by property taxes. This repeal would eliminate all property taxes in Oklahoma effective January 1, 2030, effectively replacing them with alternatives provided by a consumption tax.

Contention

SJR15 has garnered notable contention among lawmakers and constituents alike. Supporters argue that eliminating property taxes could ease financial burdens on homeowners and promote economic growth by shifting tax responsibilities to consumption rather than property ownership. Critics, on the other hand, contend that this shift could disproportionately affect lower-income residents and that consumption taxes could create volatility in funding for essential services previously supported by stable property tax revenues. Concerns surrounding the adequacy and reliability of funding for local communities will be a significant focus as discussions around this resolution continue.

Latest SJR15 Activity

Companion Bills

No companion bills found.

Previously Filed As

OK SB882

Driving under the influence; modifying bail provisions related to charges of driving under the influence. Effective date.

OK SB434

County employees' retirement systems; increasing maximum amount of total employer and employee contributions. Effective date. Emergency.

OK SB201

Schools; establishing minimum salary schedule for teachers. Effective date. Emergency.

OK SB936

Tobacco and vapor products; modifying applicability of fines under the Prevention of Youth Access to Tobacco Act. Effective date.

OK SB327

Income tax; modifying marginal income tax brackets for certain tax years. Effective date.

OK SB292

Income tax; modifying certain income tax rate for certain tax years. Effective date.

OK SB290

Tax; modifying certain income tax rates for certain tax years. Effective date.

OK SB1098

Ad valorem tax; defining terms; providing procedure to assess residential rental housing. Effective date.

Similar Bills

OK SB1099

Alcoholic beverages; providing certain exceptions. Effective date.

OK SB1094

Alcoholic beverage licenses; allowing certain licensees to sell certain beverages for off-premise consumption. Effective date.

OK HB1171

Revenue and taxation; sales tax exemption; nonprofit entities; limitation on gross revenues; exception for alcohol and tobacco; effective date; emergency.

OK HB1854

Revenue and taxation; sales tax; exemptions; nonprofit entities; effective date; emergency.

OK SB447

State property; permitting residents to forage for nuts, edible plants and fungi on state owned or state managed property. Effective date.

OK HB2369

Alcoholic beverages; Marissa Murrow Act; event venue license; definitions; license fee; caterer license; effective date.

OK SB59

Sales tax; providing exemption for certain organization providing clothing or supplies to certain students. Effective date.

OK SB49

Sales tax; providing exemption for certain nonprofits preventing child abuse. Effective date.