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OK SB1323
Bill
Status
2/1/2010
Primary Sponsor
Michael Mazzei
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AI Summary
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Amends 68 O.S. 2001, Section 2902 to modify the ad valorem tax exemption for manufacturing facilities in Oklahoma.
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Deletes the authority for entities engaged in electric power generation by wind to claim the ad valorem tax exemption, effective January 1, 2011.
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Maintains existing exemption provisions for other qualifying manufacturing concerns, including those engaged in aerospace, data processing, distribution, and automotive assembly.
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The exemption deletion for wind power generation applies prospectively to exemptions granted on or after January 1, 2011.
Legislative Description
Revenue and taxation; deleting authority for ad valorem tax exemption for certain entity after specified date. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/2/2010