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STATE OF OKLAHOMA
1st Session of the 58th Legislature (2021)
COMMITTEE SUBSTITUTE
FOR
HOUSE BILL 2805 By: Pfeiffer
COMMITTEE SUBSTITUTE
An Act relating to revenue and taxation; amending 68
O.S. 2011, Section 2807.1, as amended by Section 1,
Chapter 193, O.S.L. 2012 (68 O.S. Supp. 2020, Section
2807.1), which relates to ad valorem tax exemption
for livestock employed in support of the family;
deleting primary purpose language; deleting
definitions; and providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2011, Section 2807.1, as
amended by Section 1, Chapter 193, O.S.L. 2012 (68 O.S. Supp. 2020,
Section 2807.1), is amended to read as follows:
Section 2807.1 A. For purposes of the exemption authorized
pursuant to subsection (b) B of Section 6 of Article X of the
Oklahoma Constitution, "livestock employed in support of the family"
means all horses, cattle, mules, asses, sheep, swine, goats, poult ry
and any other livestock.
B. For purposes of the exemption authorized pursuant to
subsection (b) B of Section 6 of Article X of the Oklahoma
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Constitution, and for purposes of this section, livestock owned by a
general partnership, limited partnership, c orporation, limited
liability company, estate, trust or other lawfully recognized entity
the primary purpose of which is to confer the economic benefits
derived from the ownership of the livestock on two or more members
of the same family and not any perso ns who are not members of the
same family, whether such members are related by consanguinity or
affinity, shall be deemed to be livestock employed in support of the
family. For purposes of this subsection, an adopted child shall be
treated as being relate d by consanguinity to the person or persons
who become the adoptive parent or parents of such child.
C. For purposes of the exempt treatment provided by subsection
B of this section, a surviving spouse having no other family members
by consanguinity or af finity after the death of his or her spouse
shall continue to be eligible for the exempt treatment of livestock
used for his or her support according to the requirements of
subsection B of this section.
SECTION 2. This act shall become eff ective November 1, 2021.
58-1-7813 LRB 02/25/21