OK HB4346

Amends 68 O.S. 2021, Section 1358.1 governing agricultural sales tax exemption permits, which must be renewed every three years and require proof of eligibility at the time of sale

Oklahoma will recognize and honor valid out-of-state agricultural exemption permits from Texas, Arkansas, Kansas, New Mexico, and Missouri for farmers and ranchers purchasing qualifying items for use within Oklahoma

Vendors must accept out-of-state agricultural permits as proof of eligibility in the same manner as Oklahoma-issued permits, with sales exempt to the same extent

Oklahoma Tax Commission is authorized to promulgate rules for verification procedures and documentation requirements for out-of-state agricultural exemption permits

Purchasers who misuse agricultural exemption permits to buy non-qualifying items face a $500 penalty; effective date is November 1, 2026