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53	53	STATE OF OKLAHOMA
54	54
55	55	1st Session of the 58th Legislature (2021)
56	56
57	57	SENATE BILL 243 By: Montgomery
58	58
59	59
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63	63	AS INTRODUCED
64	64
65	65	An Act relating to the Ad Valorem Reimbursement Fund;
66	66	amending 62 O.S. 2011, Section 193, as amended by
67	67	Section 457, Chapter 304, O.S .L. 2012 (62 O.S. Supp.
68	68	2020, Section 193), which relates to the distribution
69	69	of funds; adding category of exemption for which
70	70	reimbursement may be claimed and creating
71	71	qualification; clarifying language; modifying
72	72	priority for payment of claims; and provi ding an
73	73	effective date.
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79	79	BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
80	80	SECTION 1. AMENDATORY 62 O.S. 2011, Section 193, as
81	81	amended by Section 457, Chapter 304, O.S.L. 2012 (62 O.S. Supp.
82	82	2020, Section 193), is amended to read as follows:
83	83	Section 193. A. There is hereby created in the State Treasury
84	84	a revolving fund for the Oklahoma Tax Commission to be designated
85	85	the "Ad Valorem Reimbursement Fund ". The fund shall be a continuing
86	86	fund, not subject to fiscal y ear limitations. Monies apportioned to
87	87	this fund shall be expended:
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139	139	1. To reimburse counties of this state for loss of revenue due
140	140	to exemptions of ad valorem taxes f or new or expanded manufacturing
141	141	or research and development facilities;
142	142	2. Beginning calendar year 2022 and all subsequent years, to
143	143	reimburse qualified counties of this state for loss of revenue due
144	144	to exemptions granted to veterans and their surviving spouses
145	145	pursuant to the provisions of Sections 8D, 8E and 8F of Article X of
146	146	the Oklahoma Constitution. A county is qualified for reimbursement
147	147	if the number of exemptio ns granted to veterans and surviving
148	148	spouses for the most recently co ncluded calendar year exceeds eight-
149	149	tenths of one percent (0.8%) of the total county population
150	150	according to the most recent Federal Decenni al Census;
151	151	3. To reimburse counties of this state for loss of revenue for
152	152	school district and county purposes due to ex emptions granted
153	153	pursuant to the provisions of Sec tion 2890 of Title 68 of the
154	154	Oklahoma Statutes; and
155	155	3. 4. To reimburse counties o f this state for loss of revenue
156	156	due to decreased valuation and assessment for buffer strips pursuant
157	157	to Section 2817.2 of T itle 68 of the Oklahoma Statutes.
158	158	Provided that it shall be the duty of the Tax Commission to
159	159	assess the valuation of all property f or new or expanded
160	160	manufacturing or research and development facilities which are
161	161	exempt from ad valorem taxes.
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213	213	Monies apportioned to this fund also may be transferred to oth er
214	214	state funds or otherwise expended as directed by the Legislature by
215	215	law.
216	216	B. The county commissioners of each county seeking
217	217	reimbursement for lost revenue from the Ad Valorem Reimbursement
218	218	Fund shall make claims for reimbursement on forms prescribed by the
219	219	Tax Commission prior to April 30 of each year. Claims for
220	220	reimbursement for loss of revenue due to exemptions of ad valorem
221	221	taxes for new or expanded manufacturing or research and development
222	222	facilities shall be made separately from claims for reimbu rsement
223	223	for loss of revenue for school district and county purposes due to
224	224	exemptions granted pursuant to the provisions of Section 2890 of
225	225	Title 68 of the Oklahoma Statutes and separately from claims for
226	226	reimbursement for loss of revenue for decreased val uation and
227	227	assessment of buffer strips based upon the type of exemptions
228	228	authorized pursuant to subsection A of this section. Provided, the
229	229	assessed valuation of a sch ool district as state d in the claim for
230	230	reimbursement shall be the same as reported to t he State Department
231	231	of Education on the Estimate of Need and shall include the total
232	232	valuation of property exempt from taxation pursuant to Section 2902
233	233	of Title 68 of the Oklahoma Statutes . The claims shall be either
234	234	approved or disapproved in whole or i n part by the Tax Commission by
235	235	June 15 of each year. A claim for reimbursement for loss of revenue
236	236	due to an exemption of ad valorem taxes for a new or expanded
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288	288	manufacturing or research and development facility shall be
289	289	disapproved if a county or school district has received any payment
290	290	in lieu of ad valorem taxes from such facility, to the extent of the
291	291	amount of such reimbursement. If the Tax Commission determines that
292	292	an exemption has been erroneously or unlawfull y granted, it shall
293	293	notify the appropriate county assessor who shall immediately value
294	294	and assess the property and place it on the rolls for ad valorem
295	295	taxation. Disbursements from the fund shall be made on warrants
296	296	issued by the State Treasurer against c laims filed by the Tax
297	297	Commission with the Office of Management and Enterprise Services for
298	298	payment. Such disbursements shall be exempt from all agency
299	299	expenditure ceilings. The county treasurer shall ap portion or
300	300	disburse such funds for expenditures in the same manner as other ad
301	301	valorem tax collections.
302	302	C. In the event monies apportioned to the Ad Valorem
303	303	Reimbursement Fund are insufficient to pay all claims for
304	304	reimbursement made pursuant to subsectio n B of this section, claims
305	305	for reimbursement for l oss of revenue due to exemptions of a d
306	306	valorem taxes for new or expanded manufacturing o r research and
307	307	development facilities shall be paid first, and any remaining funds
308	308	shall be distributed proportionall y among the counties making claims
309	309	for reimbursement for loss of revenue for school dist rict and county
310	310	purposes due to exemptions granted pursuant to the provisions of
311	311	Section 2890 of Title 68 of the Oklahoma Statutes Sections 8D, 8E
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363	363	and 8F of Article X of the Oklahoma Constitution, if applicable,
364	364	according to the amount of the claim made by each county. If any
365	365	funds remain after paying all claims for reimbursement for loss of
366	366	revenue due to exemptions of ad valorem taxation for new or expanded
367	367	manufacturing or research and d evelopment facilities and for
368	368	reimbursement for loss of rev enue for school district and county
369	369	purposes due to exempti ons granted pursuant to the provisions of
370	370	Section 2890 of Title 68 of the Oklahoma Statutes Sections 8D, 8E
371	371	and 8F of Article X of the Oklahoma Constitution, the remaining
372	372	funds shall be distributed propor tionally among the counties making
373	373	claims for reimbursement for the exemptions granted pursuant to the
374	374	provisions of Section 2890 of Title 68 of the Oklahoma Statut es and
375	375	for the loss of revenue for decreased valuation and assessment for
376	376	buffer strips pursuant to Section 2817.2 of Title 68 of the Oklahoma
377	377	Statutes.
378	378	SECTION 2. This act shall become effective November 1, 2021.
379	379
380	380	58-1-556 QD 1/4/2021 2:12:56 PM

Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB243 Compare Versions