Oklahoma SJR23 proposes a constitutional amendment to transfer ad valorem tax provisions to statute, expand exemptions, and authorize consumption tax.
Oklahoma SJR23 proposes a constitutional amendment to transfer ad valorem tax provisions to statute, expand exemptions, and authorize consumption tax. It repeals certain property tax provisions from the Oklahoma Constitution and adds new sections to the Oklahoma Statutes. The amendment includes provisions for expanding exemptions for certain individuals, freezing the fair cash value of homesteads, and authorizing counties to levy consumption taxes to replace ad valorem taxes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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