Resolution 23, introduced by Bullard, proposes a comprehensive reform of property tax regulations in Oklahoma, aiming to repeal certain sections of the Oklahoma Constitution related to property taxes by January 1, 2027. The resolution seeks to replace these provisions with new statutory measures that would limit property tax increases for seniors aged 65 and older and allow for a freeze on the fair cash value of their homesteads. Additionally, it permits counties to implement a consumption tax as a substitute for ad valorem taxes, contingent upon voter approval. The resolution emphasizes protecting property rights, providing tax relief to seniors, and ensuring transparency and accountability in the taxation process.

The resolution also outlines specific exemptions and limitations for seniors and certain veterans, establishing that the assessed value of their homesteads will not exceed the value from the year they first qualified for the exemption, provided their income remains below a specified threshold. It includes provisions for the establishment of technology center school districts and emergency medical service districts, allowing for voter-approved tax levies to support educational and emergency services. Furthermore, the resolution sets guidelines for managing solid waste services and public libraries, ensuring that any changes to tax rates or service structures are subject to voter approval. Overall, the resolution aims to modernize Oklahoma's tax system while enhancing local governance and service delivery through structured electoral processes.