OK SB2057

Creates a new property classification called "business assets" for ad valorem (property) tax purposes, defined as nonresidential personal property excluding agricultural operation property such as implements of husbandry, machinery, livestock, improvements to agricultural land, boat docks, and airplane hangers

Adds "business assets" as a sixth category of property subject to ad valorem taxation, alongside real property, personal property, exempt household goods/livestock, public service corporation property, and railroad/air carrier property

Amends 68 O.S. 2021, Sections 2802 and 2803 to incorporate the new definition and classification into Oklahoma's Ad Valorem Tax Code

Requires uniform treatment of all items within the new business assets class or any subclass, with valuation methods to be established by the Ad Valorem Division of the Oklahoma Tax Commission

Effective date: January 1, 2027