HJR 1054 Oklahoma House · 2026 Regular Session

Oklahoma Constitution; ad valorem taxation; business inventory; ballot title; filing.

HJR 1054 proposes a constitutional amendment exempting business inventory from Oklahoma's ad valorem property tax starting January 1, 2027. It directly affects for-profit businesses, estates, and trusts that record inventory in their books for tax purposes. The key provision adds Section 6D to Article X of the Oklahoma Constitution, exempting "personal property described as inventory" in business records. This would require voter approval through a legislative referendum, as outlined in the proposed ballot title. The amendment does not change existing tax rules for non-inventory business property.

Issues: ✗ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2026

Committee Review

Floor Vote

Governor

Introduced Feb 2, 2026 Last action Mar 5, 2026

Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Floor (House) · 3 edits

MINOR

The bill was amended to add additional coauthors from both the House and Senate, update the header to indicate this is the floor version, and include a committee report showing the Rules Committee approved the measure. The substantive policy content regarding the tax exemption remains unchanged.

TECHNICAL

Added additional coauthors (Crosswhite, Hader, Boles, Chapman, and Frix) to the resolution.

Updated document header to indicate this is the House Floor version rather than the introduced version.

Added committee report indicating the Rules Committee approved the bill on 03/05/2026.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 5, 2026

Lower · Passed

CR; Do Pass, as amended, Rules Committee

lower

Feb 2, 2026

Introduced

First Reading

lower

2 primary · 0 co-sponsors