H.J.Res.1071

Oklahoma HJR1071 proposes a constitutional amendment to provide partial ad valorem tax exemptions for veterans with service-connected disabilities.

Oklahoma HJR1071 proposes a constitutional amendment to expand ad valorem tax exemptions for veterans with service-connected disabilities. Currently, veterans with a 100% disability rating are fully exempt from ad valorem taxes on their homestead. This measure would create partial exemptions for veterans with disability ratings between 10% and 100%. The exemption amount varies based on the disability rating, ranging from $5,000 for ratings between 10% and 29% to $12,000 for ratings between 70% and 100%.