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OK SB237

Bill

Official Source

Status

Engrossed

3/18/2025

Primary Sponsor

Casey Murdock

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Commissioners of the Land Office must make payments in lieu of ad valorem taxes to any county where they hold title to more than 10% of the county's total acreage
  • County assessors must calculate the average tax rate per acre for agricultural land and report this information to the Commissioners by September 1 each year
  • Commissioners must make the required payment to the county treasurer by December 31 of each year
  • Effective date is January 1, 2026

Legislative Description

Commissioners of Land Office; requiring payment to certain counties in lieu of ad valorem tax. Effective date.

Last Action

Recommendation to the full committee; Do Pass Appropriations and Budget Education Subcommittee

4/8/2025

Committee Referrals

Appropriations and Budget Education Subcommittee4/2/2025
Appropriations and Budget4/1/2025
Appropriations2/17/2025
Revenue and Taxation2/4/2025

Full Bill Text

No bill text available