H.J.Res.1087

Oklahoma HJR1087 proposes a constitutional amendment to allow ad valorem tax exemptions for manufacturing facilities, with reimbursements to offset.

Oklahoma HJR1087 proposes a constitutional amendment to allow ad valorem tax exemptions for manufacturing facilities. The amendment would require the Legislature to establish reimbursement levels and methodologies for common schools, county governments, cities and towns, emergency medical services districts, vocational-technical schools, junior colleges, county health departments, and libraries. The reimbursement amounts would be included in the assessed valuation of taxable property when computing the limit on indebtedness of political subdivisions.