Constitutional amendment; repealing ad valorem tax.
Proposes constitutional amendment eliminating Oklahoma's ad valorem property tax system, requiring statewide voter approval without specifying replacement revenue sources.
Proposes constitutional amendment eliminating Oklahoma's ad valorem property tax system, requiring statewide voter approval without specifying replacement revenue sources.
SJR 35 is a constitutional amendment proposal that would repeal Oklahoma's ad valorem tax system, which is a property tax based on the assessed value of real and personal property. The bill would require voter approval through a statewide referendum to remove this taxation mechanism from the state constitution.
Ad valorem taxes currently generate significant revenue for Oklahoma's state and local governments, schools, and municipalities. Repealing this tax would fundamentally alter the state's revenue structure and likely require alternative funding sources or reductions in public services unless replacement revenue mechanisms are enacted.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.