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SENATE FLOOR VERSION
March 4, 2026
SENATE JOINT
RESOLUTION NO. 48 By: Paxton of the Senate
and
Hilbert of the House
A Joint Resolution directing the Secretary of State
to refer to the people for their approval or
rejection a proposed amendment to Section 6B of
Article X of the Oklahoma Constitution; limiting the
reimbursement to counties and other taxing
jurisdictions for lost revenue; requiring the
Legislature to enact certain laws; updating
references; providing ballot title; ordering special
election on certain date; and directing filing.
BE IT RESOLVED BY THE SENATE AND THE HOUSE OF REPRESENTATIVES OF THE
2ND SESSION OF THE 60TH OKLAHOMA LEGISLATURE:
SECTION 1. The Secretary of State shall refer to the people for
their approval or rejection, as and in the manner provided by law,
the following proposed amendment to Section 6B of Article X of the
Oklahoma Constitution to read as follows:
Section 6B. A. For the purpose of inducing any manufacturing
concern to locate or expand manufacturing facilities within any
county of this state, a qualifying manufacturing concern shall be
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exempt from the levy of any ad valorem taxes upon new, expanded or
acquired manufacturing facilities for a period of five (5) years.
B. For purposes of this section, a “qualifying manufacturing
concern” means a concern that:
1. Is not engaged in business in this state or does not have
property subject to ad valorem tax in this state and constructs a
manufacturing facility in this state or acquires an existing
facility that has been unoccupied for a period of twelve (12) months
prior to acquisition; or
2. Is engaged in business in this state or has property subject
to ad valorem tax in this state and constructs a manufacturing
facility in this state at a different location from present
facilities and continues to operate all of its facilities or
acquires an existing facility that has been unoccupied for a period
of twelve (12) months prior to acquisition and continues to operate
all of its facilities.
C. The exemption allowed by this section shall apply to
expansions of existing facilities. Provided, however, that any
exemption shall be limited to the increase in ad valorem taxes
directly attributable to the expansion.
D. The Legislature shall define the term “manufacturing
facility” for purposes of the ad valorem tax exemption provided by
this section in order to promote full employment of labor resources
within the state; provided, however, that a manufacturing facility
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that qualifies for the ad valorem tax exemption provided by this
section, pursuant to the definition of “manufacturing facility” then
applicable, shall be eligible for the exemption without regard to
subsequent changes in the definition of the term “manufacturing
facility”.
E. The Legislature shall enact laws to carry out the provisions
of this section and to provide for the reimbursement to common
schools, county governments, cities and towns, emergency medical
services districts, vocational-technical schools, junior colleges,
county health departments and, libraries, and any other taxing
jurisdiction for revenues lost to such entities as a result of the
exemption provided by this section, only for any amount necessary to
equal the ad valorem revenues received by each taxing jurisdiction
for all real and personal property upon the tract of land before the
new, expanded, or acquired facility qualified as a qualifying
manufacturing concern.
F. The Only the assessed valuation of property exempt from
taxation by virtue of this section that is to be reimbursed pursuant
to subsection E of this section shall be added to the assessed
valuation of taxable property in computing the limit on indebtedness
of political subdivisions contained in Section 26 of this article.
G. Pursuant to an affirmative vote of a majority of the
eligible voters of the county at an election for such purpose which
may be called by the county commissioners of each county, after the
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expiration of the period prescribed by this section for the
exemption, a county may retain not to exceed twenty-five percent
(25%) of the increased ad valorem taxes derived from the levy
imposed by the county upon the taxable value of property previously
exempt pursuant to this section. The revenue retained by the county
pursuant to this subsection may be used by the county as an economic
development incentive to attract additional investment which will
result in additional employment in the county. Only ad valorem tax
revenue derived from ten (10) mills of the total ad valorem tax levy
imposed by the county may be used for this purpose. The ad valorem
tax revenue derived from the levy imposed by any other taxing
jurisdiction shall be apportioned as otherwise required by law. The
provisions of this subsection shall be applicable to qualified
manufacturing concerns exempt prior to the adoption of the amendment
contained in this subsection November 5, 2002, and which become
taxable, either by expiration of the exemption period or for other
reasons, on or after the date as of which the provisions of this
subsection become law November 5, 2002, and to qualified
manufacturing concerns which are exempt for the first time on or
after the date of the adoption of the amendment contained in this
subsection November 5, 2002, and which subsequently become taxable.
SECTION 2. The Ballot Title for the proposed Constitutional
amendment as set forth in SECTION 1 of this resolution shall be in
the following form:
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BALLOT TITLE
Legislative Referendum No. ____ State Question No. ____
THE GIST OF THE PROPOSITION IS AS FOLLOWS:
This measure amends Section 6B of Article 10 of the Oklahoma
Constitution, which provides a five-year property tax exemption
for new or expanded manufacturing facilities. The measure
limits the requirement that the state provide for the
reimbursement to counties and other taxing jurisdictions for
lost revenue as a result of the exemption to an amount necessary
to equal the property tax revenue that the counties and other
taxing jurisdictions received before the new or expanding
manufacturing facility was placed into service.
SHALL THE PROPOSAL BE APPROVED?
FOR THE PROPOSAL — YES _____________
AGAINST THE PROPOSAL — NO _____________
SECTION 3. A special election is hereby ordered to be held
throughout the State of Oklahoma on the date of August 25, 2026, at
which time the proposed amendment to the Oklahoma Constitution, as
set forth in SECTION 1 of this resolution, shall be submitted to the
people of Oklahoma for their approval or rejection as and in the
manner provided by law.
SECTION 4. The President Pro Tempore of the Senate shall,
immediately after the passage of this resolution, prepare and file
one copy thereof, including the Ballot Title set forth in SECTION 2
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hereof, with the Secretary of State and one copy with the Attorney
General.
COMMITTEE REPORT BY: COMMITTEE ON RULES
March 4, 2026 - DO PASS