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STATE OF OKLAHOMA
1st Session of the 58th Legislature (2021)
SENATE BILL 609 By: Hall
AS INTRODUCED
An Act relating to ad valorem tax; amending 68 O.S.
2011, Section 2902, as last amended by Section 1,
Chapter 258, O.S.L. 2019 (68 O. S. Supp. 2020, Section
2902), which relates to exemption for manufacturing
facilities; modifying definitions; adjusting certain
investment requirement to inflation index; requiring
the Oklahoma Tax Commission to publish certain
adjustments; providing wage threshold; requiring
agreement between certain entities prior to
exemption; specifying terms of agreement; prohibiting
modification of fair cash value of assets de scribed
in agreement; declaring agreem ent to operate as
defense against action to modify fa ir cash value and
depreciation methodology; declaring agreement to be a
condition precedent to certain exemption; requiring a
copy of agreement to be maintained by certain
entities; and providing an effective date .
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2011, Section 2902, as
last amended by Section 1, Chapter 258, O.S.L. 2019 (68 O.S. Supp.
2020, Section 2902), is amended to read a s follows:
Section 2902. A. Except as otherwise provided by subsection H
of Section 3658 of this title pursuant to which the exemption
authorized by this section may not be claimed, a qualifying
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manufacturing concern, as defined by Section 6B of Article X of the
Oklahoma Constitution, and as further defined herein, shall be
exempt from the levy of any ad valorem taxes upon new, expanded or
acquired manufacturing facilities, including facilities engaged in
research and development, for a period of five (5) years. The
provisions of Section 6B of Article X of the Oklahoma Constitution
requiring an existing facility to have been unoccupied for a period
of twelve (12) months prior to acquisition shall be construed as a
qualification for a facility to initially receive an exemption, and
shall not be deemed to be a qualification for that facility to
continue to receive an exemption in each of the four (4) years
following the initial year for which the exemption was gran ted.
Such facilities are hereby classified for the purposes of taxation
as provided in Section 22 of Article X of the Oklahoma Constitution.
B. For purposes of this section, the following definitions
shall apply:
1. “Manufacturing facilities ” means facilities engaged in the
mechanical or chemical transformation of materials or substances
into new products and except as provided by paragraph 8 of
subsection C of this section shall include:
a. establishments which have received a manufacturer
exemption permit pursuant to the provisions of Section
1359.2 of this title,
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b. facilities, including repair and replacement parts,
primarily engaged in aircraft repair, building and
rebuilding whether or not on a factory basis,
c. establishments primarily engaged in c omputer services
and data processing as defi ned under Industrial Group
Numbers 5112 and 5415, and U.S. Industry Number 334611
and 519130 of the NAICS Manual, latest revision, and
which derive at least fifty percent (50%) of their
annual gross revenues from the sale of a product or
service to an out-of-state buyer or consumer, and as
defined under Industrial Group Number 5142 of the
NAICS Manual, latest revision, which derive at least
eighty percent (80%) of their annual gross revenues
from the sale of a pro duct or service to an out-of-
state buyer or consumer. Eligibility as a
manufacturing facility pursuant to this subparagraph
shall be established, subject to review by the
Oklahoma Tax Commission, by annually filing an
affidavit with the Tax Commission sta ting that the
facility so qualifies and such other information as
required by the Tax Commission. For purposes of
determining whether annual gross revenues are derived
from sales to out-of-state buyers, all sales to the
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federal government shall be conside red to be an out-
of-state buyer,
d. for which facilities that the investment cost of the
construction, acquisition or expansion of the
manufacturing facility is Two Hundred Fifty Thousand
Dollars ($250,000.00) Five Hundred Thousand Dollars
($500,000.00) or more with respect to assets place
into service during calendar year 2022. For
subsequent calendar years, the investment requ ired
shall be increased annually by a percentage equal to
the previous year’s increase in the Consumer Price
Index-All Urban Consumers (“CPI-U”) and such adjusted
amount shall be the required inv estment cost in order
to qualify for the exemption authorized by this
section. The Oklahoma Department of Commerce shall
determine the amount of the increase, if any, on
January 1 of each year . The Oklahoma Tax Commission
shall publish on its website at least annually the
adjusted dollar amount in order to qualify for the
exemption authorized by this section and shall include
the adjusted dollar amount in any of its relevant
forms or publications w ith respect to the exemption .
Provided, “investment cost” shall not include the co st
of direct replacement, refurbishment, repair or
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maintenance of existing m achinery or equipment, except
that “investment cost” shall include capital
expenditures for direc t replacement, refurbishment,
repair or maintenance of existing machinery or
equipment that qualifies for depreciation and/or
amortization pursuant to the Inte rnal Revenue Code of
1986, as amended, and such expenditures shall be
eligible as a part of an “expansion” that otherwise
qualifies under this section, and
e. establishments primar ily engaged in distribution as
defined under Industry Numbers 49311, 49312, 49313 and
49319 and Industry Sector Number 42 of the NAICS
Manual, latest revision, and which mee t the following
qualifications:
(1) construction with an initial capital investment
of at least Five Million Dollars ($5,000,000.00),
(2) employment of at leas t one hundred (100) full -
time-equivalent employees, as certified by the
Oklahoma Employment Secur ity Commission,
(3) payment of wages or salaries to its employees at
a wage which equals or exceeds one hundred
seventy-five percent (175%) of the federally
mandated minimum wage one hundred twenty-five
percent (125%) of the average county wage as that
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percentage is determined by the Oklahoma
Department of Commerce based upon the most recent
U.S. Department of Commerce data for the county
where the jobs are located, as certified by the
Oklahoma Employment Security Commission, and
(4) commencement of constru ction on or after November
1, 2007, with construction to be complet ed within
three (3) years from the date of the commencement
of construction,
f. facilities engaged in the manufacturing, compounding,
processing or fabrication of materials into articles
of tangible personal property according to the special
order of a customer (custom order m anufacturing) by
manufacturers classified as operating in North
American Industry Classification System (NAICS)
Sectors 32 and 33, but does not include such custom
order manufacturing by manufacturers clas sified in
other NAICS code sectors , and
g. with respect to any entity making an application for
the exemption authorized by this section on or after
January 1, 2022, the establishment making application
for exempt treatment of real or personal property
acquired or improved beginning January 1, 2022, and
for any calendar year thereafter, the entity shall be
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required to pay new direct jobs, as defined by Section
3603 of this title for purposes of the Oklahoma
Quality Jobs Program Act, an average annualized wa ge
which equals or exceeds: .
(1) One hundred ten percent (110%) of the average
county wage as determined by the Department of
Commerce based on the most recent U.S. Department
of Commerce data for the county in which t he new
direct jobs are located. For p urposes of this
subparagraph, health care premiums paid by the
applicant for individuals in new direct jobs
shall be included in the annualized wage; or
(2) One hundred percent (100%) of the average county
wage as that percentage is determined by the
Department of Commerce based upon the most recent
U.S. Department of Commerce data for the county
in which the new jobs are located. For purposes
of this subparagraph, health care premiums paid
by the applicant for individ uals in new direct
jobs shall not be included in the annualized
wage.
Provided, no average wage requirement otherwise required by this
subparagraph shall exceed Twenty -five Thousand Dollars ($25,000.00),
in any county. This maximum wage threshold shall be indexed and
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modified from time to tim e based on the latest Consumer Price Index
year-to-date percent change release as of the date of the annual
average county wage data release from the Bureau of Economic
Analysis of the U.S. Department of Commerce. The Oklahoma Tax
Commission shall publish on its website at least annually the
adjusted dollar amounts with respect to the maximum wage threshold
and shall include the adjusted dollar amount in any of its relevant
forms or publications with respect to the ex emption authorized by
this section.
Eligibility as a manufacturing facility pursuant to th is
subparagraph shall be established, subject to review by the Tax
Commission, by annually filing an affidavit with the Tax C ommission
stating that the facility so qu alifies and containing such other
information as required by the Tax Commission.
Provided, eating and drinking places, as well as other retail
establishments, shall not qualify as manufacturing facilities for
purposes of this section, nor shall centrally a ssessed properties.
Eligibility as a manufacturing facility pursuant to this
subparagraph shall be established, subject to review by the Tax
Commission, by annually filing an application with the Tax
Commission stating that the facility so qualifies and co ntaining
such other information as required by the Tax Commission;
2. “Facility” and “facilities”, except as otherwise provided by
this paragraph, means and includes the land, buildings, structures ,
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and improvements, machinery, fixtures, equipment and oth er personal
property used directly and exclusively in the manufacturing process .
Effective January 1, 2022, and for each calendar year thereafter,
for facilities engaged in manufacturing activities defined or
classified in the NAICS Manual under Industry Nos. 311111 through
339999 “facility” and “facilities” means and includes the land,
buildings, structures, improvements, machinery, fixtures, equipment
and other personal property used directly and exclusively in the
manufacturing process ; and
3. “Research and development” means activities dir ectly related
to and conducted for the purpose of d iscovering, enhancing,
increasing or improving future or existing product s or processes or
productivity.
C. The following provisions shall apply:
1. A manufacturing concern shall be entitled to the exemp tion
herein provided for each new manufacturing fac ility constructed,
each existing manufacturing facility acquired and the expansion of
existing manufacturing facilities on the same site, as such terms
are defined by Section 6B of Article X of the Oklahom a Constitution
and by this section;
2. Except as otherwise provided in paragraph 5 of this
subsection, no manufacturing con cern shall receive more than one
five-year exemption for any one manufacturing facil ity unless the
expansion which qualifies the man ufacturing facility for an
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additional five-year exemption meets the requirements of paragraph 4
of this subsection and the e mployment level established for any
previous exemption is maintained;
3. Any exemption as to the expansion of an existing
manufacturing facility shall be limited to the increase in a d
valorem taxes directly attributable to the expansion;
4. Except as provided in paragraphs 5 and 6 of this subsection,
all initial applications for any exe mption for a new, acquired or
expanded manufacturing facility shall be granted only if:
a. there is a net increase in annualized base payroll
over the initial payroll of at least Two Hundred Fifty
Thousand Dollars ($250,000.00) if the facility is
located in a county with a population of fewer than
seventy-five thousand (75,000), according to the most
recent Federal Decennial Census, while maintaining or
increasing base payro ll in subsequent years, or at
least One Million Dollars ($1,000,000.00) if the
facility is located in a county with a population of
seventy-five thousand (75,000) or more, according t o
the most recent Federal Decennial Census, while
maintaining or increasi ng base payroll in subsequent
years; provided the payroll requirement of this
subparagraph shall be waived for claims for
exemptions, including claims previously denied or on
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appeal on March 3, 2010, for all initial applications
for exemption filed on or a fter January 1, 2004, and
on or before March 31, 2009, and all subsequent annual
exemption applications filed related to the initial
application for exemption, for an applicant, if th e
facility has been located in Oklahoma for at least
fifteen (15) years e ngaged in marine engine
manufacturing as defined under U.S. Industry Number
333618 of the NAICS Manual, latest revision, and has
maintained an average employment of five hundred (500)
or more full-time-equivalent employees over a ten -year
period. Any applicant that qualifies for the payroll
requirement waiver as outlined in the previous
sentence and subsequently closes its Oklahoma
manufacturing plant prior to January 1, 2012, may be
disqualified for exemption and subject to recapture.
For an applicant engaged in paperboard manufacturing
as defined under U.S. Industry Number 322130 of th e
NAICS Manual, latest revision, union master pa youts
paid by the buyer of the facility to specifie d
individuals employed by the facility at the time of
purchase, as specified under the purchase agreement,
shall be excluded from payroll for purposes of thi s
section.
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In order to provide certainty with re spect to
investments in manufacturing facilities pe rtaining to
all initial applications for exemption filed on or
after January 1, 2016, the following definitions shall
apply:
(1) “base payroll” shall mean total payroll adjusted
for any nonrecurring bonuse s, exercise of stock
option or stock rights and oth er nonrecurring,
extraordinary items included in total payroll,
and
(2) “initial payroll” shall mean base payroll for the
year immediately preceding the init ial
construction, acquisition or expansion.
The Tax Commission shall verify payroll information
through the Oklahoma Employment Security Commission by
using reports from th e Oklahoma Employment Security
Commission for the calendar year immediately precedin g
the year for which initial application is made for
base-line payroll, which must be maintained or
increased for each subsequent year; provided, a
manufacturing facility s hall have the option of
excluding from its payroll, for purposes of this
section:
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i. payments to sole proprietors, members
of a partnership, members of a limited
liability company who own at least ten
percent (10%) of the capital of the
limited liability company or
stockholder-employees of a corporation
who own at least ten percent (10%) of
the stock in the corporation, and
ii. any nonrecurring bonuses, exercise of
stock option or stoc k rights or other
nonrecurring, extraordinary items
included in total pay roll numbers as
reported by the Oklahoma Employment
Security Commission. A manufact uring
facility electing either option shall
indicate such election upon its
application for an exem ption under this
section. Any manufacturing facility
electing either option shall submit
such information as the Tax Commission
may require in order to veri fy payroll
information. Payroll information
submitted pursuant to the provisions of
this paragraph shall be submitted to
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the Tax Commission and shall be subject
to the provisions of Section 205 of
this title, and
b. the facility offers, or will offer with in one hundred
eighty (180) days of the date of employment, a basic
health benefits plan to the ful l-time-equivalent
employees of the facility, which is determined by the
Department of Commerce to consist of the elements
specified in subparagraph b of para graph 1 of
subsection A of Section 3603 of this title or elements
substantially equivalent thereto.
For purposes of this section, calculation of the amount of
increased base payroll shall be measured from the start of initial
construction or expansion to t he completion of such construction or
expansion or for three (3) years from the start of initial
construction or expansion, whichever occurs first. The amount of
increased base payroll shall include payroll for full -time-
equivalent employees in this state who are employed by an entity
other than the facility which has previously or is currently
qualified to receive an exemption pursuant to the provisions of this
section and who are leased or otherwise provided to the facility, if
such employment did not ex ist in this state prior to the start of
initial construction or expansion of the facility. The
manufacturing concern shall submit an affidavit to the Tax
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Commission, signed by an officer, stating that the construction,
acquisition or expansion of the faci lity will result in a net
increase in the annual ized base payroll as required by this
paragraph and that full-time-equivalent employees of the facility
are or will be offer ed a basic health benefits plan as required by
this paragraph. If, after the comple tion of such construction or
expansion or after three (3) years from the start of initial
construction or expansion, whichever occurs first, the construction,
acquisition or expansion has not resulted in a net increase in the
amount of annualized base payr oll, if required, or any other
qualification specified in this paragraph has not been met, the
manufacturing concern shall pay an amount equal to the amount of any
exemption granted, including penalties and interest thereon, to the
Tax Commission for depos it to the Ad Valorem Reimbursement Fund;
5. If a facility fails to meet the base payroll requireme nt of
subparagraph a of paragraph 4 of this subsection, the payroll
requirement shall be waived for claims for exemptions, including
claims previously denied or on appeal on June 1, 2009, for all
initial applications for exemption filed on or after January 1,
2004, and on or before March 31, 2009, and all subsequent annual
exemption applications filed related to such initial application for
exemption, for an applicant, if the facility:
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a. has been located for at least five (5) years as of
March 31, 2009, in a county in Oklahoma with a
population of six hundred thousand (600,000) or more,
b. is owned by an applicant that has been engaged in
manufacturing as defi ned under U.S. Industry Numbers
323110, 323111, 323121 and 323122 of the NAICS Manual,
latest revision,
c. is owned by an applicant that maintains a workforce of
at least three hundred (300) employees on June 1,
2009,
d. is owned by an applicant that has f iled multiple
applications for exemption pursuan t to this section,
and
e. is owned by an applicant that operates at least one
facility in this state of at least seven hundr ed
thirty thousand (730,000) square feet on June 1, 2009.
In the event that any appl icant obtaining a waiver of the payroll
requirement pursuant to this paragraph ceases to operate al l of its
facilities in this state on or before a date that is four (4) ye ars
after any initial application for an exemption is filed by such
applicant, all sums of property taxes exempted under this paragr aph
through a waiver of the payroll requirement tha t relate to such
application shall become due and payable as if such sums were
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assessed in the year in which the applicant ceases to operate all of
its facilities in the state;
6. Any new, acquired or exp anded automotive final assembly
manufacturing facility which does not meet the requirements of
paragraph 4 of this subsectio n shall be granted an exemption only if
all other requirements of this section are m et and only if the
investment cost of the constr uction, acquisition or expansion of the
manufacturing facility is Three Hundred Million Dollars
($300,000,000.00) or more an d the manufacturing facility retains an
average employment of one thousand seven hun dred fifty (1,750) or
more full-time-equivalent employees in the year in which the
exemption is initially granted and in each of the four (4)
subsequent years only if an av erage employment of one thousand seven
hundred fifty (1,750) or more full -time-equivalent employees is
maintained in the subsequent year. Any property installed to
replace property damaged by the tornado or natural disaster that
occurred May 8, 2003, may continue to receive the exemption provided
in this paragraph for the full five -year period based on the value
of the previously qual ifying assets as of January 1, 2003. The
exemption shall continue in effect as long as all other
qualifications in this par agraph are met. If the average employment
of one thousand seven hundred fifty (1,75 0) or more full-time-
equivalent employees is red uced as a result of temporary layoffs
because of a tornado or natural disaster on May 8, 2003, then the
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average employment r equirement shall be waived for year 2003 of the
exemption period. Calculation of th e number of employees shall be
made in the same manner as required under Section 2357.4 of this
title for an investment tax credit. As used in this paragraph,
“expand” and “expansion” shall mean and include any increase to the
size or scope of a facility as well as any renovation, restoration,
replacement or remodeling of a facility which permits the
manufacturing of a new or redesigned product;
7. Any new, acquired, or ex panded computer data processing,
data preparation, or information processing service s provider
classified in Industrial Group Number 7374 of the SIC Manual, latest
revision, and U.S. Industry Number 514210 of the North American
Industrial Classification Sy stem (NAICS) Manual, latest revision,
may apply for exemptions under this section fo r each year in which
new, acquired, or expanded capital improvements to the facility are
made if:
a. there is a net increase in annualized payroll of the
applicant at any facility or facilities of the
applicant in this state of at least Two Hundred Fifty
Thousand Dollars ($250,000.00), which is attribut able
to the capital improvements, or a net increase of
Seven Million Dollars ($7,000,000.00) or more in
capital improvements , while maintaining or increasing
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payroll at the facility or facilities in this stat e
which are included in the application, and
b. the facility offers, or will offer within one hundr ed
eighty (180) days of the date of employment of new
employees attributable to the capital improvements, a
basic health benefits plan to the full -time-equivalent
employees of the facility, which is determ ined by the
Department of Commerce to consist of th e elements
specified in subparagraph b of paragraph 1 of
subsection A of Section 3603 of this title or elements
substantially equivalent thereto;
8. Effective January 1, 2017, an entity engaged in electri c
power generation by means of wind, as described b y the North
American Industry Classification System, No. 221119, shall no t be
defined as a qualifying manufacturing concern for purposes of the
exemption otherwise authorized pursuant to Section 6B of Arti cle X
of the Oklahoma Constitution or qualify as a “manufacturing
facility” as defined in this section. No initial applicat ion for
exemption shall be filed by or accepted from an entity engaged in
electric power generation by means of wind on or after Jan uary 1,
2018; and
9. An entity or applicant engage d in an industry as defined
under U.S. Industry Number 324110 of the NAIC S Manual, latest
revision, which has applied for or been granted an exemption for a
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time period which began on or after calendar yea r 2012 and before
calendar year 2016 but which did not meet the payroll requirements
of subparagraph a of paragraph 4 of thi s subsection because of
nonrecurring bonuses, exercise of stock option or stock righ ts or
other nonrecurring, extraordinary items in cluded in total payroll in
the previous year, shall be allowed an exemption, beginning with
calendar year 2016, for the numb er of years, including the calendar
year for which the exemption was denied, remaini ng in the entity’s
five-year exemption period, p rovided such entity attains or
increases payroll at or above the initial or base payroll
established for the exemption.
D. 1. Except as provided in paragraph 2 of this subsection,
the five-year period of exemption from ad valorem taxes for any
qualifying manufacturing facility property shall begin on Jan uary 1
following the initial qualifying use of the property in the
manufacturing process.
2. The five-year period of exemption from ad valorem taxes for
any qualifying manufacturing facility, as specified in subparagraphs
a and b of this paragraph, which is located within a tax incentive
district created pursuant to the Local Development Act by a county
having a population of at least five hundred thousand (5 00,000),
according to the most recent Federal De cennial Census, shall begin
on January 1 following the expiration or termination of the ad
valorem exemption, abatement, or other incentive provided through
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the tax incentive district. Facilities qualifying pursuant to this
subsection shall include:
a. a manufacturing facility as defined in subparagraph c
of paragraph 1 of subsection B of this section, and
b. an establishment primarily engaged in distribution as
defined under Industry Number 49311 of the Nort h
American Industry Classification System for wh ich the
initial capital investment was at least One Hundred
Eighty Million Dollars ($180,000,000.00); provided,
that the qualifying job creation and depreciable
property investment occurred prior to calendar year
2017 but not earlier than calendar year 201 3.
E. Any person, firm or corporation claiming the exemption
herein provided for shall file each year for which exemption i s
claimed, an application therefor with the county assessor of the
county in which the new, expanded or acquired facility is located .
The application shall be on a form or forms pres cribed by the Tax
Commission, and shall be filed on or before March 15, e xcept as
provided in Section 2902.1 of this title, of each year in which the
facility desires to take the exemption or within thirty (30) days
from and after receipt by such person, f irm or corporation of notice
of valuation increase, whichever is later. In a case where
completion of the facility or facilities will occur after January 1
of a given year, a facility may apply to claim t he ad valorem tax
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exemption for that year. If such facility is found to be qualified
for exemption, the ad valorem tax exem ption provided for herein
shall be granted for that entire year and shall apply to t he ad
valorem valuation as of January 1 of that given year. For
applicants which qualify under the provisions of subparagraph b of
paragraph 1 of subsection B of this sect ion, the application shall
include a copy of the affidavit and any other information required
to be filed with the Tax Commission.
F. The application shall be examined by the county assessor and
approved or rejected in the same manner as provided by law f or
approval or rejection of claims for homestead exemptions. The
taxpayer shall have the same right of review by and appeal from th e
county board of equalization, in the same manner and subject to the
same requirements as provided by law for review and ap peals
concerning homestead exemption claims. Approved applications shall
be filed by the county assessor with the Tax Commission no later
than June 15, except as provided in Section 2902.1 of this title, of
the year in which the facility desires to take t he exemption.
Incomplete applications and applications filed after June 15 will be
declared null and void by the Tax Commission. I n the event that a
taxpayer qualified to receive an exemption pursuant to the
provisions of this section shall make payment of ad valorem taxes in
excess of the amount due, the county treasurer shall have the
authority to credit the taxpayer ’s real or personal property tax
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overpayment against current taxes due. The county treasurer may
establish a schedule of up to five (5) ye ars of credit to resolve
the overpayment.
G. Nothing herein shall in any manner aff ect, alter or impair
any law relating to the ass essment of property, and all property,
real or personal, which may be entitled to exemption hereunder shall
be valued and assessed as is other like property and as provided by
law. The valuation and assessme nt of property for which an
exemption is granted hereunder shall be performed by the Tax
Commission.
H. For any application filed to qualify real property, personal
property or both for the exemption authorized by this section, prior
to the first year during which any of the real property or personal
property can be treated as exempt, the ent ity making application,
the Oklahoma Tax Commission and the county assessor of each and
every county in which the qualifying assets are located or are to be
located, shall enter into an agreement, which shall contai n a clause
binding any successor busines s entity to the terms of the agreement,
that establishes the fair cash value of the assets, whether real
property or personal property or both, to be entered on the
applicable assessment roll for the first year of th e exemption
period. The agreement shall also contain a system or schedule for
the depreciation of improvements to real property and a system or
schedule for the deprecation of tangible personal property which
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shall be used by the applicable county assesso r to modify the fair
cash value of the real property or personal property or both for the
remaining four (4) years of the exemption period. After the
expiration of the exemption period, the owner of the real propert y
or personal property or both shall not be allowed to modify, whether
pursuant to request made to the county assessor or made to the
county board of equalization, or pursuant to any protest otherwise
authorized by the Ad Valorem Tax Code or other provisio ns of law,
the fair cash value of the as sets described in the agreement and the
agreement shall operate as an estoppel and affirmative defense to
any actions, formal or informal, or requests for administrative or
judicial relief, to modify the fair cash va lues and the methodology
for depreciation contained in such agreement. The agre ement
described by this subsection shall be a condition precedent to the
exemption otherwise authorized by this section and by Section 6B of
Article X of the Oklahoma Constitut ion. A copy of the agreement
shall be maintained by the Oklahoma Tax Commission and by the county
assessor of any county in which real or personal property described
by such agreement is located.
I. The Tax Commission shall have the authority and duty to
prescribe forms and to promulgate rules as may be necessary to carry
out and administer th e terms and provisions of this section.
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SECTION 2. This act shall become effective November 1, 2021.
58-1-986 QD 1/20/2021 11:01:36 PM