Old	New	Differences
1	1
2	2
3	3
4	4	Req. No. 402 Page 1 1
5	5	2
6	6	3
7	7	4
8	8	5
9	9	6
10	10	7
11	11	8
12	12	9
13	13	10
14	14	11
15	15	12
16	16	13
17	17	14
18	18	15
19	19	16
20	20	17
21	21	18
22	22	19
23	23	20
24	24	21
25	25	22
26	26	23
27	27	24
28	28	1
29	29	2
30	30	3
31	31	4
32	32	5
33	33	6
34	34	7
35	35	8
36	36	9
37	37	10
38	38	11
39	39	12
40	40	13
41	41	14
42	42	15
43	43	16
44	44	17
45	45	18
46	46	19
47	47	20
48	48	21
49	49	22
50	50	23
51	51	24
52	52
53	53	STATE OF OKLAHOMA
54	54
55	55	1st Session of the 60th Legislature (2025)
56	56
57	57	SENATE JOINT
58	58	RESOLUTION 3 By: Hamilton
59	59
60	60
61	61
62	62
63	63	AS INTRODUCED
64	64
65	65	A Joint Resolution directing the Secretary of State
66	66	to refer to the people for their approval or
67	67	rejection a proposed amendmen t to Section 8C of
68	68	Article X of the Oklahoma Constitution; modifying
69	69	limit on fair cash value of homestead to provide
70	70	exemption for the full amount of fair cash value for
71	71	seniors; providing ballot title; and directing
72	72	filing.
73	73
74	74
75	75
76	76
77	77	BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE
78	78	1ST SESSION OF THE 60TH OKLAHOMA LEGI SLATURE:
79	79	SECTION 1. The Secretary of State shall refer to the people for
80	80	their approval or rejection, as and in the manner provided by law,
81	81	the following proposed amendment to Section 8C of Article X of the
82	82	Oklahoma Constitution to read as follows:
83	83	Section 8C. A. Despite any provision to the contrary,
84	84	beginning January 1, 2005 , through December 31, 2025 , the fair cash
85	85	value, as determined by law, on ea ch homestead of an individual head
86	86	of household whose gross household income from all so urces for the
87	87	preceding calendar year did not exceed an amount as provided in
88	88	subsection B of this section, and which individual head of household
89	89
90	90
91	91	Req. No. 402 Page 2 1
92	92	2
93	93	3
94	94	4
95	95	5
96	96	6
97	97	7
98	98	8
99	99	9
100	100	10
101	101	11
102	102	12
103	103	13
104	104	14
105	105	15
106	106	16
107	107	17
108	108	18
109	109	19
110	110	20
111	111	21
112	112	22
113	113	23
114	114	24
115	115	1
116	116	2
117	117	3
118	118	4
119	119	5
120	120	6
121	121	7
122	122	8
123	123	9
124	124	10
125	125	11
126	126	12
127	127	13
128	128	14
129	129	15
130	130	16
131	131	17
132	132	18
133	133	19
134	134	20
135	135	21
136	136	22
137	137	23
138	138	24
139	139
140	140	is sixty-five (65) years of age or older, shall not exceed the fair
141	141	cash value placed upon the property during the first year in which
142	142	the individual head of household was sixty -five (65) years of age or
143	143	older and had gross household income from all sources which did not
144	144	exceed an amount as provided in subsection B of this section.
145	145	Subject to the limitations of this section, the fair cash value
146	146	shall not exceed such amount as long as the individual head of
147	147	household who is sixty -five (65) years of age or older owns and
148	148	occupies the property and as long as the gross household income from
149	149	all sources does not exceed an amount as provided in subsection B of
150	150	this section. If any improvements are made to the property, the
151	151	fair cash value of the improvements shall be assessed in acc ordance
152	152	with law by the county assessor and added to the assessed value of
153	153	the property. Once the fair cash value of the improvements has been
154	154	added to the fair cash value of the property, the total fair cash
155	155	value shall not exceed the revised valuation o f the property so long
156	156	as the individual head of household who is sixty -five (65) years of
157	157	age or older owns and occupies the property and so long as the gross
158	158	household income from all sources does not exceed an amount as
159	159	provided in subsection B of this section. For any individual head
160	160	of household who is sixty -five (65) years of age or ol der prior to
161	161	January 1, 1997, and has gross household income from all sources of
162	162	Twenty-five Thousand Dollars ($25,000.00) or less in calendar year
163	163	1996, the fair cash value of the real property shall be the fair
164	164
165	165
166	166	Req. No. 402 Page 3 1
167	167	2
168	168	3
169	169	4
170	170	5
171	171	6
172	172	7
173	173	8
174	174	9
175	175	10
176	176	11
177	177	12
178	178	13
179	179	14
180	180	15
181	181	16
182	182	17
183	183	18
184	184	19
185	185	20
186	186	21
187	187	22
188	188	23
189	189	24
190	190	1
191	191	2
192	192	3
193	193	4
194	194	5
195	195	6
196	196	7
197	197	8
198	198	9
199	199	10
200	200	11
201	201	12
202	202	13
203	203	14
204	204	15
205	205	16
206	206	17
207	207	18
208	208	19
209	209	20
210	210	21
211	211	22
212	212	23
213	213	24
214	214
215	215	cash value placed upon the property on January 1, 1997. If the
216	216	individual head of household ceases to own and occupy the property
217	217	or if the gross household income from all sources exceeds an amount
218	218	as provided in subsection B of this section, the fair cash value of
219	219	the property shall be determined as if the provisions of Section 8
220	220	of Article X of the Constitution of the State of Oklahoma or any
221	221	other provisions relating to a limitation on the fair cash value of
222	222	locally assessed real property had been in effect during the time
223	223	the property was valued pursuant to the provisions of this section.
224	224	B. The income threshold for the gross household income from all
225	225	sources for an individual head of household under subsection A of
226	226	this section shall not exceed the amount determined by the United
227	227	States Department of Housing and Urban Development to be the
228	228	estimated median income for the preceding year for the county or
229	229	metropolitan statistical area which includes such count y. The
230	230	Oklahoma Tax Commission shall provide such information to each
231	231	county assessor each year as soon as such information becomes
232	232	available.
233	233	C. Despite any provision to the contrary, beginning January 1,
234	234	2026, on each homestead of an individual head of household who is
235	235	sixty-five (65) years of age or older or who receives Social
236	236	Security retirement benefits shall be entitled to claim an exemption
237	237	for the full amount of the fair cash value of the homestead and
238	238	household personal property which is subject to ad valorem taxation .
239	239
240	240
241	241	Req. No. 402 Page 4 1
242	242	2
243	243	3
244	244	4
245	245	5
246	246	6
247	247	7
248	248	8
249	249	9
250	250	10
251	251	11
252	252	12
253	253	13
254	254	14
255	255	15
256	256	16
257	257	17
258	258	18
259	259	19
260	260	20
261	261	21
262	262	22
263	263	23
264	264	24
265	265	1
266	266	2
267	267	3
268	268	4
269	269	5
270	270	6
271	271	7
272	272	8
273	273	9
274	274	10
275	275	11
276	276	12
277	277	13
278	278	14
279	279	15
280	280	16
281	281	17
282	282	18
283	283	19
284	284	20
285	285	21
286	286	22
287	287	23
288	288	24
289	289
290	290	SECTION 2. The Ballot Title for the proposed Constitutional
291	291	amendment as set forth in SECTION 1 of this resolution shall be in
292	292	the following form:
293	293	BALLOT TITLE
294	294	Legislative Referendum No. ____ State Question No. ___ _
295	295	THE GIST OF THE PROPOSITION IS AS FOLLOWS:
296	296	This measure amends Section 8C of Article 10 of the Oklahoma
297	297	Constitution. The measure provides a full exemption from
298	298	property taxes on the homestead of an individual head of
299	299	household who is at least sixty -five years of age or who
300	300	receives Social Security retirement benefits.
301	301	SHALL THE PROPOSAL BE APPROVED?
302	302	FOR THE PROPOSAL — YES _____________
303	303	AGAINST THE PROPOSAL — NO _____________
304	304	SECTION 3. The President Pro Tempore of the Senate shall,
305	305	immediately after the passage of this resolution, prepare and file
306	306	one copy thereof, includ ing the Ballot Title set forth in SECTION 2
307	307	hereof, with the Secretary of State and one copy with the Attorney
308	308	General.
309	309
310	310	60-1-402 QD 1/7/2025 4:23:43 PM

Oklahoma 2025 Regular Session

Oklahoma Senate Bill SJR3 Compare Versions