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OK SB227
Bill
Status
2/3/2025
Primary Sponsor
Julie Daniels
Click for details
AI Summary
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Expands ad valorem tax exemptions for oil and gas production property to include flowlines and gathering lines from the wellhead to the first sales meter or production unit boundary, whichever is shorter
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Removes the restriction that disposal systems must be "not for commercial purposes" to qualify for exemption, allowing commercial disposal operations to receive the tax benefit
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Maintains existing exemptions for lease production tanks, lease production meters, and disposal systems including wellbore and non-recoverable down-hole materials
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Requires exempt property to remain essential to production of oil and gas in commercial quantities, with county assessors to be notified when property becomes nonexempt
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Effective date: January 1, 2027
Legislative Description
Gross production tax; property exempt from ad valorem tax as used in the production of material subject to gross production tax; expanding exempt property. Effective date.
Last Action
Coauthored by Representative Moore (principal House author)
3/12/2026