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ENGROSSED SENATE AMENDMENTS
TO
ENGROSSED HOUSE
BILL NO. 2805 By: Pfeiffer of the House
and
Paxton of the Senate
[ revenue and taxation - ad valorem tax exemption for
livestock employed in support of the family -
effective date ]
AUTHOR: Add the following Senate Coauthors: Rogers and Stephens
AMENDMENT NO. 1. Page 1, line 21, before the word “purposes”,
strike the word “For” and insert the words “ Except
as provided in subsection C of this section, for ”
AMENDMENT NO. 2. Page 2, line 7, insert, after the word “family”
and before the period “.”, the words “, provided
at least fifty percent (50%) of the owners of the
entity shall be residents of this state to qualify
for the exemption”
AMENDMENT NO. 3. Page 2, line 15 1/2, insert a new subsection C as
follows:. “C. Animals owned wholly or in part by
a publicly traded corporation or a corporation
incorporated in a state other than this state
shall not qualify for the exemption authorized
pursuant to subsection B of Section 6 of Article X
of the Oklahoma Constitution as livestock employed
in support of the family. ”
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AMENDMENT NO. 4. Page 2, line 16, remove SECTION 2 and insert a new
SECTION 2 to read “This act shall become effective
January 1, 2022.”
AMENDMENT NO. 5. Page 1, restore the title
and amend the title to conform
Passed the Senate the 22nd day of April, 2021.
Presiding Officer of the Senate
Passed the House of Representatives the ____ day of __________,
2021.
Presiding Officer of the House
of Representatives
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ENGROSSED HOUSE
BILL NO. 2805 By: Pfeiffer of the House
and
Paxton of the Senate
[ revenue and taxation - ad valorem tax exemption for
livestock employed in support of the family -
effective date ]
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OK LAHOMA:
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 a uthorized
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, poultry
and any other livestock.
B. For purposes of t he exemption authorized pursuant to
subsection (b) B of Section 6 of Article X of the Oklahoma
Constitution, and for purposes of this section, livestock owned by a
general partnership, limited partnership, corporation, limited
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liability company, estate, tr ust 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 persons 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 related 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 affinity 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 effective November 1, 2021.
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Passed the House of Repr esentatives the 9th day of March, 2021.
Presiding Officer of the House
of Representatives
Passed the Senate the ___ day of __________, 2021.
Presiding Officer of the Senate