Oklahoma legislation · 2026 Regular Session
Oklahoma HJR1054: Oklahoma Constitution; ad valorem taxation; business inventory; ballot title; filing.
Status: In committee, March 5, 2026
What the bill says
A Joint Resolution directing the Secretary of State to refer to the people for their approval or rejection a proposed amendment to the Constitution of the State of Oklahoma by adding a new Section 6D to Article X; providing exemption for personal property of lawfully recognized business entities, estates and trusts; providing ballot title; and directing filing.
From the engrossed text, March 6, 2026:
A Joint Resolution directing the Secretary of State to refer to the people for their approval or rejection a proposed amendment to the Constitution of the State of Oklahoma by adding a new Section 6D to Article X; providing exemption for personal property of lawfully recognized business entities, estates and trusts; providing ballot title; and directing filing. BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES AND THE SENATE 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 the Constitution of the State of Oklahoma by adding a new Section 6D to Article X thereof, to read as follows: HJR1054 HFLR Page BOLD FACE denotes Committee Amendments. On and after January 1, 2027, the personal property of any lawfully recognized for-profit business entity described as inventory in the books and records of the business entity for the applicable assessment year shall be exempt from ad valorem taxation. The exemption provided by this section shall also be applicable to the personal property of an estate or trust if the personal property is described as inventory in the books and records of the estate or trust for the applicable assessment year. SECTION 2. The …
Sponsors
- Denise Hader (R, HD-041)
- Brad Boles (R, HD-051)
- Mark Chapman (R, HD-012)
- Mark Lepak (R, HD-009) · primary sponsor
Latest actions
- : Title stricken
- : Authored by Senator Frix (principal Senate author)
- : Coauthored by Representative(s) CrosswhiteHader, Boles, Chapman
- : CR; Do Pass, as amended, Rules Committee
- : Second Reading referred to Rules
- : Authored by Representative Eaves, Lepak
- : First Reading
Votes
- Floor Vote (March 5, 2026): 9 yea, 2 nay, passed
Common questions
- What is HJR1054?
- HJR1054 is a bill in the Oklahoma Legislature (2026 Regular Session): Oklahoma Constitution; ad valorem taxation; business inventory; ballot title; filing.
- What does HJR1054 do?
- In its own words: A Joint Resolution directing the Secretary of State to refer to the people for their approval or rejection a proposed amendment to the Constitution of the State of Oklahoma by adding a new Section 6D to Article X; providing exemption for personal property of lawfully recognized business entities, estates and trusts; providing ballot title; and directing filing.
- What is the status of HJR1054?
- In committee as of March 5, 2026. Latest action: Title stricken (March 5, 2026).
- Who sponsored HJR1054?
- Mark Lepak (R, HD-009), with 3 co-sponsors.
- Where is the official record for HJR1054?
- On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HJR1054&Session=2600
Source: official Oklahoma record. Tracked by Delilah, AI for legislation across all 50 states and Congress.