OK HB2056

Amends 11 O.S. 2011, Section 21-109 to modify municipal taxation provisions for annexed land in Oklahoma.

Exempts tracts of land exceeding 40 acres used for industrial or commercial purposes from municipal ad valorem taxes.

Exempts tracts exceeding 5 acres used for farming or ranching from municipal taxes unless the municipality furnishes ordinary services to those tracts.

Exempts narrow tracts of land with a width no greater than 326 feet at the widest point from municipal taxes, with limited exceptions.

Clarifies that military installations on federal property annexed after July 1, 1998 are exempt from most municipal revenue and taxation ordinances, except for sales, use, and occupancy taxes on private sector activities.

Becomes effective November 1, 2015.