Oklahoma State Question 697, Property Taxes for Economic Development Amendment (2002)
| Oklahoma State Question 697 | |
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| Election date |
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| Topic Property and Taxes |
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| Status |
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| Type Legislatively referred constitutional amendment |
Origin |
Oklahoma State Question 697 was on the ballot as a legislatively referred constitutional amendment in Oklahoma on November 5, 2002. It was approved.
A "yes" vote supported allowing counties, with voter approval, to use up to one-fourth of county property tax revenue from previously exempt business property for economic development. |
A "no" vote opposed allowing counties, with voter approval, to use up to one-fourth of county property tax revenue from previously exempt business property for economic development. |
Election results
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Oklahoma State Question 697 |
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| Result | Votes | Percentage | ||
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514,895 | 54.57% | ||
| No | 428,659 | 45.43% | ||
Text of measure
Ballot title
The ballot title for State Question 697 was as follows:
| “ | 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. | ” |
Path to the ballot
- See also: Amending the Oklahoma Constitution
A simple majority vote is required during one legislative session for the Oklahoma State Legislature to place a constitutional amendment on the ballot. That amounts to a minimum of 51 votes in the Oklahoma House of Representatives and 24 votes in the Oklahoma State Senate, assuming no vacancies. Amendments do not require the governor's signature to be referred to the ballot.
See also
External links
Footnotes
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