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