Constitutional amendment; creating the Taxpayer's Bill of Rights.

SJR 26 proposes a constitutional amendment creating Oklahoma's "Taxpayer's Bill of Rights" (Section 44 of Article X), requiring voter approval for new local taxes and debt. It directly affects cities, counties, and school districts (referred to as "districts") by limiting annual spending growth to local property value increases or student enrollment changes, mandating refunds with 10% annual interest for excess tax collections, and requiring specific voter disclosures before tax or debt measures. Key provisions include prohibiting new property transfer taxes, blocking local income taxes, and requiring districts to mail detailed budget notices to voters 30 days before elections. The amendment would take effect January 1, 2028, if approved by voters.