OK SB1216

Amends 68 O.S. 2011, Section 2902 to clarify that manufacturing facility ad valorem tax exemptions are governed by Title 68 of the Oklahoma Statutes rather than "this title"

Maintains the existing five-year ad valorem tax exemption for qualifying manufacturing facilities, including facilities engaged in research and development

Preserves all existing eligibility requirements including minimum capital investment of $250,000, net payroll increases, and health benefits plan offerings for full-time employees

Effective date set for January 1, 2013