SB 237
Ad valorem tax; exemption for manufacturing facilities; defining battery energy storage system; exemption; applications. Effective date.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies Oklahoma’s property tax system by creating an exemption for certain manufacturing facilities from ad valorem taxes. It also defines ‘battery energy storage systems’ for tax purposes and establishes a process for applying for this exemption. The bill was amended to require counties to pay certain manufacturers in lieu of ad valorem taxes, and the original title was struck. The bill is awaiting a floor vote.
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