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OK HB3433
Bill
Status
2/2/2026
Primary Sponsor
Jonathan Wilk
Click for details
AI Summary
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Establishes a flat $15.00 annual "in lieu" tax on farm tractors and other heavy equipment used in agricultural production, replacing the ad valorem property tax that would otherwise apply
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Payment must be made to the county treasurer at the same time and in the same manner as ad valorem personal property taxes
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Revenue from the in lieu tax will be apportioned to local taxing jurisdictions in the same way the replaced ad valorem tax would have been distributed
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Amends 68 O.S. 2021, Section 2805 to add this new in lieu tax to the statutory list of fees and taxes that substitute for ad valorem taxation
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Repeals 68 O.S. 2021, Section 2809 (the existing farm tractor taxation provision) and takes effect November 1, 2026
Legislative Description
Revenue and taxation; in lieu taxation; farm tractors; machinery; equipment; apportionment; repealer; effective date.
Last Action
Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee
2/19/2026