Oklahoma State Question No. 697 (2002)

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Oklahoma's State Question No. 697 is a legislatively-referred constitutional amendment. The measure passed (Approveda) with 54.6% of voters supporting the initiative.

The official ballot summary reads:

This measure amends the Oklahoma Constitution. It amends Section 6B of Article 10. Businesses pay property tax on business property. Some kinds of business have an exemption from property tax for up to five years. After the exemption expires, the business pays property tax. Property taxes are used to support Counties and other local governments. If this measure passes, an election could be called. If voters approve, up to one-fourth of county property tax from previously exempt business property could be used for economic development. Only property tax a county receives could be used in this way. Other local governments that receive property tax would get their full amount of property tax from business property. [1]


Status

The measure passed with 54.6% of voters in approval, and 45.4% saying no.

See also

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References