Old	New	Differences
1	1
2	2
3	3
4	4	Req. No. 2458 Page 1 1
5	5	2
6	6	3
7	7	4
8	8	5
9	9	6
10	10	7
11	11	8
12	12	9
13	13	10
14	14	11
15	15	12
16	16	13
17	17	14
18	18	15
19	19	16
20	20	17
21	21	18
22	22	19
23	23	20
24	24	21
25	25	22
26	26	23
27	27	24
28	28	1
29	29	2
30	30	3
31	31	4
32	32	5
33	33	6
34	34	7
35	35	8
36	36	9
37	37	10
38	38	11
39	39	12
40	40	13
41	41	14
42	42	15
43	43	16
44	44	17
45	45	18
46	46	19
47	47	20
48	48	21
49	49	22
50	50	23
51	51	24
52	52
53	53	STATE OF OKLAHOMA
54	54
55	55	2nd Session of the 58th Legislature (2022)
56	56
57	57	SENATE BILL 1266 By: Bergstrom
58	58
59	59
60	60
61	61
62	62
63	63	AS INTRODUCED
64	64
65	65	An Act relating to ad valorem tax; amendin g 68 O.S.
66	66	2021, Sections 2835, 2836, and 2838, which relate to
67	67	listing and assessment of pr operty for ad valorem
68	68	taxation purposes; providing exception to specific
69	69	requirement; exempting specified personal property
70	70	from requirement to list and defining rela ted term;
71	71	providing exception from certa in penalty; providing
72	72	exception for certain entiti es from requirement to
73	73	list certain property; updating statutory language;
74	74	and providing an effective date.
75	75
76	76
77	77
78	78
79	79	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAH OMA:
80	80	SECTION 1. AMENDATORY 68 O.S. 2021, Section 2835, is
81	81	amended to read as follows:
82	82	Section 2835. A. On or before January 1 of each year, the
83	83	Oklahoma Tax Commission shall prescribe for the use of all county
84	84	assessors, suitable blank forms for the listing and ass essment of
85	85	all property, both re al and personal. Such forms shall contain such
86	86	information and instructions as may be necessary in order to obtain
87	87	a full and complete list of all taxable property and such forms
88	88	shall be used uniformly throughout the st ate. Any change in these
89	89	forms must have the approval of the Tax Commission.
90	90
91	91
92	92	Req. No. 2458 Page 2 1
93	93	2
94	94	3
95	95	4
96	96	5
97	97	6
98	98	7
99	99	8
100	100	9
101	101	10
102	102	11
103	103	12
104	104	13
105	105	14
106	106	15
107	107	16
108	108	17
109	109	18
110	110	19
111	111	20
112	112	21
113	113	22
114	114	23
115	115	24
116	116	1
117	117	2
118	118	3
119	119	4
120	120	5
121	121	6
122	122	7
123	123	8
124	124	9
125	125	10
126	126	11
127	127	12
128	128	13
129	129	14
130	130	15
131	131	16
132	132	17
133	133	18
134	134	19
135	135	20
136	136	21
137	137	22
138	138	23
139	139	24
140	140
141	141	B. It shall be the duty of the county assessor to furnish such
142	142	forms to any taxpayer upon request, and all personal property shall
143	143	be listed on such forms in the manner provided therein, unless
144	144	exempt from the requirement pursuant to subsection C of this
145	145	section. Such lists shall be sign ed and sworn to and filed with the
146	146	county assessor not later than March 15 of each year; and such lists
147	147	may show the description of real propert y, which may be by
148	148	subdivision of quarter sections, o r less if any such subdivision is
149	149	owned in less quantity, d escribing such less quantity by United
150	150	States Land Survey nomenclature if that can be done, otherwise by
151	151	metes and bounds, according to ownershi p.
152	152	C. 1. Real estate need not be listed by the taxp ayer, but may
153	153	be listed if the taxpayer so desires, in which ca se the list shall
154	154	show the taxpayer’s estimate of the value of each tract of land and
155	155	shall separately sho w the value of the buildings and i mprovements
156	156	thereon.
157	157	2. Personal property shall be e xempt from the requirement to
158	158	list if such property:
159	159	a. had an acquisition cost, as defined in this
160	160	subsection, of less than Ten Tho usand Dollars
161	161	($10,000.00), or
162	162	b. has a fair cash or market value, as defined in Section
163	163	2802 of this title, less than Five Thousand Dollars
164	164
165	165
166	166	Req. No. 2458 Page 3 1
167	167	2
168	168	3
169	169	4
170	170	5
171	171	6
172	172	7
173	173	8
174	174	9
175	175	10
176	176	11
177	177	12
178	178	13
179	179	14
180	180	15
181	181	16
182	182	17
183	183	18
184	184	19
185	185	20
186	186	21
187	187	22
188	188	23
189	189	24
190	190	1
191	191	2
192	192	3
193	193	4
194	194	5
195	195	6
196	196	7
197	197	8
198	198	9
199	199	10
200	200	11
201	201	12
202	202	13
203	203	14
204	204	15
205	205	16
206	206	17
207	207	18
208	208	19
209	209	20
210	210	21
211	211	22
212	212	23
213	213	24
214	214
215	215	($5,000.00) for the tax year applicable to the
216	216	listing.
217	217	For the purpose of this section, “acquisition cost” shall mean
218	218	all costs required to put an item of tangible personal property i nto
219	219	service.
220	220	D. All such sworn lists of property shall contain such other
221	221	information concerning both real and personal property as may be
222	222	required by such forms so prescribed.
223	223	E. All such sworn lists of property, any o ther documents
224	224	produced by a taxpayer to the assessor or the board of equalization
225	225	during the informal and formal hearing process, or during di scovery
226	226	in any ad valorem tax appeal in the Court of Tax Review or the
227	227	district court, shall be protected as conf idential and shall not be
228	228	available for inspection under the Oklahoma Open Records Act.
229	229	SECTION 2. AMENDATORY 68 O.S. 2 021, Section 2836, is
230	230	amended to read as follows:
231	231	Section 2836. A. The county assessor of each county in the
232	232	state shall, on the first day of Janua ry of each year, or as soon
233	233	thereafter as may be pra cticable, proceed to take a list of taxable
234	234	property in the county. In order to take lists of personal property
235	235	and receive homestead exemption applications, the county asses sor,
236	236	or the assessor’s deputy, shall meet the taxpayers at various places
237	237	throughout the county. The county assessor may exercise discretion
238	238	as to where to meet the taxpayers and how long to stay at each
239	239
240	240
241	241	Req. No. 2458 Page 4 1
242	242	2
243	243	3
244	244	4
245	245	5
246	246	6
247	247	7
248	248	8
249	249	9
250	250	10
251	251	11
252	252	12
253	253	13
254	254	14
255	255	15
256	256	16
257	257	17
258	258	18
259	259	19
260	260	20
261	261	21
262	262	22
263	263	23
264	264	24
265	265	1
266	266	2
267	267	3
268	268	4
269	269	5
270	270	6
271	271	7
272	272	8
273	273	9
274	274	10
275	275	11
276	276	12
277	277	13
278	278	14
279	279	15
280	280	16
281	281	17
282	282	18
283	283	19
284	284	20
285	285	21
286	286	22
287	287	23
288	288	24
289	289
290	290	place, provided the assessor goes to each city and incorporated town
291	291	in counties that have not abolished household personal property tax.
292	292	At least ten (10) days prior to the date the county assessor will
293	293	meet the taxpayers to list their property, the county assessor shall
294	294	give notice by publication in at least one newspaper of general
295	295	circulation in the county, stating the date and ho urs of the day of
296	296	each visit to each city, town , or other place; and such notice may
297	297	be published in the manner of commercial advertising, rather than
298	298	legal notices, and the c ounty may pay up to rates pre valent in the
299	299	area for commercial advertising.
300	300	B. If any taxpayer shall fail to me et the county assessor and
301	301	list the taxpayer’s property on the date advertised, such taxpayer
302	302	may render a written list of all the taxpayer’s personal property
303	303	and make written application for homestead exemption , and shall
304	304	subscribe and swear to the oath required by each taxpayer as to its
305	305	correctness. Such written lists or applications shall not
306	306	constitute a valid return or application unless ma de on the forms
307	307	prescribed by the Oklahoma Tax Commission and in the manner requ ired
308	308	by law.
309	309	C. After the county assessor shall have visited each city,
310	310	town, or other place, the county assessor shall be in the county
311	311	assessor’s office at the county seat f rom March 1 to March 15,
312	312	inclusive, for the purpose of receiving lists from thos e who have
313	313	not listed their property for the current year, and all who fail to
314	314
315	315
316	316	Req. No. 2458 Page 5 1
317	317	2
318	318	3
319	319	4
320	320	5
321	321	6
322	322	7
323	323	8
324	324	9
325	325	10
326	326	11
327	327	12
328	328	13
329	329	14
330	330	15
331	331	16
332	332	17
333	333	18
334	334	19
335	335	20
336	336	21
337	337	22
338	338	23
339	339	24
340	340	1
341	341	2
342	342	3
343	343	4
344	344	5
345	345	6
346	346	7
347	347	8
348	348	9
349	349	10
350	350	11
351	351	12
352	352	13
353	353	14
354	354	15
355	355	16
356	356	17
357	357	18
358	358	19
359	359	20
360	360	21
361	361	22
362	362	23
363	363	24
364	364
365	365	list all or any part of their personal property for the current
366	366	year, on or before March 15, shal l be delinquent. If any per sonal
367	367	property is not listed by the person whose dut y it is to list such
368	368	property on or before March 15 of any year, when such property is
369	369	assessed there shall be added to the assessed valuation of such
370	370	property as a mandatory p enalty, amounts as follows:
371	371	1. If listed or assessed after March 15, but on or before April
372	372	15, ten percent (10%) of the assessed value; and
373	373	2. If listed or assessed after April 15, twenty percent (20%)
374	374	of the assessed value.
375	375	Personal property that is ex empt from the requirement to list
376	376	pursuant to subsection C of Section 2835 of th is title shall not be
377	377	subject to the penalty provided for in this subsection.
378	378	D. If the county assessor fails, neglects, or refuses to add
379	379	the valuation penalty as provided by this section, the county
380	380	assessor shall be liable on the county assessor ’s official bond for
381	381	the amount of the penalties.
382	382	SECTION 3. AMENDATORY 68 O.S. 2021, Section 2838, is
383	383	amended to read as follows:
384	384	Section 2838. A. All corporations organized, existin g, or
385	385	doing business in this state, other than railroads, air carriers,
386	386	and public service corporations assessed by the State Board of
387	387	Equalization, and other than national banks, state banks and trust
388	388	companies, and building an d loan associations, shall, on or before
389	389
390	390
391	391	Req. No. 2458 Page 6 1
392	392	2
393	393	3
394	394	4
395	395	5
396	396	6
397	397	7
398	398	8
399	399	9
400	400	10
401	401	11
402	402	12
403	403	13
404	404	14
405	405	15
406	406	16
407	407	17
408	408	18
409	409	19
410	410	20
411	411	21
412	412	22
413	413	23
414	414	24
415	415	1
416	416	2
417	417	3
418	418	4
419	419	5
420	420	6
421	421	7
422	422	8
423	423	9
424	424	10
425	425	11
426	426	12
427	427	13
428	428	14
429	429	15
430	430	16
431	431	17
432	432	18
433	433	19
434	434	20
435	435	21
436	436	22
437	437	23
438	438	24
439	439
440	440	March 15th of each year, return swo rn lists or schedules of their
441	441	taxable property within each county, to the county assessor of such
442	442	county, and such property not exempt pursuant to subsection C of
443	443	Section 2835 of this title shall be listed with reference to amount,
444	444	kind and value, on the firs t day of January of the year in which it
445	445	is listed; and said the property shall be subject to taxation for
446	446	county, municipal, public school , and other purposes to the same
447	447	extent as the real and personal property of private persons, in the
448	448	taxing districts in which such property is located. Any real estate
449	449	owned by such corporation shall be assessed annually at the same
450	450	time and in the same manner as real estate belonging to pr ivate
451	451	persons. In making su ch sworn lists, all corporations shall itemize
452	452	their property in the same manner and to the same extent as required
453	453	by railroads, air carriers , and public service corporations.
454	454	B. It shall be the duty of each corporation to mak e, under
455	455	oath, and deliver to the county assessor of the county where its
456	456	principal business is transacted, a statement on forms prescribed by
457	457	the Oklahoma Tax Commission, of its authorized capital stock and the
458	458	amount of capital paid thereon, the amount o f its outstanding bonded
459	459	and other indebtedness, the total amount of its investe d capital
460	460	within and without Oklahoma, and such other financial info rmation as
461	461	may be deemed necessary to enable the county assessor to determine
462	462	the value of real or personal property owned by any such
463	463	corporation; and each corporation shall also deliver to the county
464	464
465	465
466	466	Req. No. 2458 Page 7 1
467	467	2
468	468	3
469	469	4
470	470	5
471	471	6
472	472	7
473	473	8
474	474	9
475	475	10
476	476	11
477	477	12
478	478	13
479	479	14
480	480	15
481	481	16
482	482	17
483	483	18
484	484	19
485	485	20
486	486	21
487	487	22
488	488	23
489	489	24
490	490	1
491	491	2
492	492	3
493	493	4
494	494	5
495	495	6
496	496	7
497	497	8
498	498	9
499	499	10
500	500	11
501	501	12
502	502	13
503	503	14
504	504	15
505	505	16
506	506	17
507	507	18
508	508	19
509	509	20
510	510	21
511	511	22
512	512	23
513	513	24
514	514
515	515	assessor of the county where its principal business is located, a
516	516	copy of all lists or schedules of property filed in every other
517	517	county in this state.
518	518	SECTION 4. This act shall become effective January 1, 2023.
519	519
520	520	58-2-2458 QD 1/12/2022 6:26:51 PM

Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB1266 Compare Versions