Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB1320 Compare Versions

Only one version of the bill is available at this time.

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53	53	STATE OF OKLAHOMA
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55	55	2nd Session of the 58th Legislature (2022)
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57	57	SENATE BILL 1320 By: Bullard
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63	63	AS INTRODUCED
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65	65	An Act relating to taxation; exempting agricultural
66	66	producers and ranchers from certain levy of tax;
67	67	prohibiting the Oklahoma Tax Commi ssion from the
68	68	levy, collection, or remittance of certain tax ; and
69	69	providing an effective date .
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73	73	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
74	74	SECTION 1. NEW LAW A new section of law to be codified
75	75	in the Oklahoma Statutes as Section 296 of Title 68, unless there is
76	76	created a duplication in numb ering, reads as follows:
77	77	A. Agricultural producers and ranchers in this state including,
78	78	but not limited to, dairy, beef, and pork producers shall be exempt
79	79	from any tax levied by this state or the federal gove rnment on the
80	80	emissions of methane gas.
81	81	B. The Oklahoma Tax Commission shall not levy, collect, or
82	82	remit any taxes on agricultural producer s and ranchers for the
83	83	emissions of methane gas.
84	84	SECTION 2. This act shall become effective November 1, 2022.
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86	86	58-2-2335 QD 1/17/2022 9:50:54 PM