Constitutional amendment; repealing ad valorem tax.

This bill (SJR 35) proposes a constitutional referendum to repeal specific sections of the Oklahoma Constitution that govern ad valorem property taxes. It would eliminate the constitutional basis for property taxes statewide, affecting all property owners and local taxing jurisdictions. The resolution also amends Section 21 of Article X to revise the duties of the State Board of Equalization, removing its role in assessing property valuation. The proposal requires voter approval through a statewide referendum, with the effective date set for January 1, 2031. This is a procedural step to initiate a public vote on constitutional changes, not an immediate policy change.