S.J.Res.25

Oklahoma SJR25 proposes a constitutional amendment to create the Taxpayer's Bill of Rights, limiting government spending and tax increases.

Oklahoma SJR25 proposes a constitutional amendment to establish the Taxpayer's Bill of Rights, aiming to restrain government spending and tax increases. The amendment requires voter approval for new taxes, tax rate increases, and certain debt issuances. It limits annual spending and property tax increases based on inflation and population growth, with refunds to taxpayers if limits are exceeded. The amendment also prohibits new taxes on property transfers and local income taxes, and mandates valuation notices and appeal rights for property owners.