An Act
ENROLLED HOUSE
BILL NO. 2805 By: Pfeiffer of the House
and
Paxton, Rogers and Stephens
of the Senate
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. Sup p. 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; providing certain animals ineligible for
exempt treatment; and providing an effect ive date.
SUBJECT: Revenue and taxation
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, cattl e, mules, asses, sheep, swine, goats, poultry
and any other livestock.
B. For Except as provided in subsection C of this section, for
purposes of the 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 liability company, estate,
trust or other lawfully recognized entity the primary purpose of ENR. H. B. NO. 2805 Page 2
which is to confer the economic benefits der ived 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 suppor t of the family, provided at least
fifty percent (50%) of the owners of the entity shall be residents
of this state to qualify for the exemption . For purposes of this
subsection, an adopted child shall be treated as being related by
consanguinity to the p erson 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.
C. Animals owned wholly or in part by a publicly traded
corporation or a corp oration 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.
SECTION 2. This act shall become effective January 1, 2022.
ENR. H. B. NO. 2805 Page 3
Passed the House of Representatives the 3rd day of May, 2021.
Presiding Officer of the House
of Representatives
Passed the Senate the 22nd day of April, 2021.
Presiding Officer of the Sena te
OFFICE OF THE GOVERNOR
Received by the Office of the Governor this ____________________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________
Approved by the Governor of the State of Oklahoma this _________
day of ___________________, 20_______, at _______ o'clock _______ M.
_________________________________
Governor of the State of Oklahoma
OFFICE OF THE SECRETARY OF STATE
Received by the Office of the Secretary of State this __________
day of ___________________, 20_______, at _______ o'clock _______ M.
By: _________________________________