Constitutional Amendment Regarding Manufacturer Property Tax Reimbursements
Plain-English Summary
This measure proposes a constitutional amendment to allow the Oklahoma Legislature to determine the amount, if any, that the state reimburses counties and schools for the five-year ad valorem property tax exemption granted to qualified manufacturers. Currently, the state is required to fully reimburse these entities for the exemption.
What each outcome does
If this measure passes, the Oklahoma Legislature will gain the authority to work with counties to determine the reimbursement amount for the five-year ad valorem property tax exemption for manufacturers, potentially reducing the state's reimbursement obligation.
If this measure fails, the current system will remain in place, requiring the state to continue fully reimbursing counties and schools for the five-year ad valorem property tax exemption provided to qualified manufacturers.
Who is funding each side
BallotPulse is non-partisan. We summarize each outcome in plain English and disclose the money on both sides. We do not tell you how to vote. Always read the official ballot text and decide for yourself.