1| STATE OF OKLAHOMA |
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2| 1st Session of the 59th Legislature (2023) |
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3|HOUSE JOINT |
|RESOLUTION 1020 By: Williams |
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6| AS INTRODUCED |
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7| A Joint Resolution directing the Secretary of State |
| to refer to the people for their approval or |
8| rejection a proposed amendment to Section 8C of |
| Article X of the Constitution of the State of |
9| Oklahoma; eliminating income threshold; providing |
| ballot title; and directing filing. |
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12|BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE OF THE |
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13|1ST SESSION OF THE 59TH OKLAHOMA LEGISLATURE: |
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14| SECTION 1. The Secretary of State shall refer to the people for |
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15|their approval or rejection, as and in the manner provided by law, |
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16|the following proposed amendment to Section 8C of Article X of the |
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17|Constitution of the State of Oklahoma to read as follows: |
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18| Section 8C A. Despite any provision to the contrary, beginning |
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19|January 1, 2005 2025, the fair cash value, as determined by law, on |
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20|each homestead of an individual head of household whose gross |
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21|household income from all sources for the preceding calendar year |
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22|did not exceed an amount as provided in subsection B of this |
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23|section, and which individual head of household who is sixty-five |
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24|(65) years of age or older, shall not exceed the fair cash value |
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1|placed upon the property during the first year in which the |
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2|individual head of household was sixty-five (65) years of age or |
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3|older and had gross household income from all sources which did not |
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4|exceed an amount as provided in subsection B of this section. |
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5|Subject to the limitations of this section, the fair cash value |
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6|shall not exceed such amount as long as the individual head of |
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7|household who is sixty-five (65) years of age or older owns and |
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8|occupies the property and as long as the gross household income from |
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9|all sources does not exceed an amount as provided in subsection B of |
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10|this section. If any improvements are made to the property, the |
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11|fair cash value of the improvements shall be assessed in accordance |
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12|with law by the county assessor and added to the assessed value of |
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13|the property. Once the fair cash value of the improvements has been |
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14|added to the fair cash value of the property, the total fair cash |
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15|value shall not exceed the revised valuation of the property so long |
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16|as the individual head of household who is sixty-five (65) years of |
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17|age or older owns and occupies the property and so long as the gross |
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18|household income from all sources does not exceed an amount as |
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19|provided in subsection B of this section. For any individual head |
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20|of household who is sixty-five (65) years of age or older prior to |
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21|January 1, 1997, and has gross household income from all sources of |
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22|Twenty-five Thousand Dollars ($25,000.00) or less in calendar year |
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23|1996, the fair cash value of the real property shall be the fair |
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24|cash value placed upon the property on January 1, 1997. If the |
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1|individual head of household ceases to own and occupy the property |
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2|or if the gross household income from all sources exceeds an amount |
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3|as provided in subsection B of this section, the fair cash value of |
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4|the property shall be determined as if the provisions of Section 8 |
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5|of Article X of the Constitution of the State of Oklahoma or any |
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6|other provisions relating to a limitation on the fair cash value of |
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7|locally assessed real property had been in effect during the time |
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8|the property was valued pursuant to the provisions of this section. |
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9| B. The income threshold for the gross household income from all |
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10|sources for an individual head of household under this section shall |
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11|not exceed the amount determined by the United States Department of |
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12|Housing and Urban Development to be the estimated median income for |
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13|the preceding year for the county or metropolitan statistical area |
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14|which includes such county. The Oklahoma Tax Commission shall |
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15|provide such information to each county assessor each year as soon |
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16|as such information becomes available. |
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1| value of a homestead for individual head of households who are |
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2| sixty-five (65) years of age or older to not exceed the fair |
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3| cash value placed upon the property during the first year in |
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4| which the individual head of household was sixty-five (65) years |
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5| of age or older. Currently, this section only applies if the |
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6| individual head of household meets the age requirement and an |
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7| income limit determined by the United States Department of |
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8| Housing and Urban Development to be the estimated median income |
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9| for the preceding year for the county or metropolitan |
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10| statistical area which includes such county. This measure would |
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11| eliminate the income limit requirement. If this measure passes, |
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12| this section will apply if the individual head of household is |
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13| sixty-five (65) years of age or older. |
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14| SHALL THE PROPOSAL BE APPROVED? |
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15| FOR THE PROPOSAL YES _____________ |
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16| AGAINST THE PROPOSAL NO _____________ |
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17| SECTION 3. The Chief Clerk of the House of Representatives, |
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18|immediately after the passage of this resolution, shall prepare and |
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19|file one copy thereof, including the Ballot Title set forth in |
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20|SECTION 2 hereof, with the Secretary of State and one copy with the |
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21|Attorney General. |
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23| 59-1-5101 AQH 10/19/22 |
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