SB 577
Ad valorem tax; requiring submission of certain information for eligibility of certain exemption; requiring the Oklahoma Tax Commission to share information with the Incentive Evaluation Commission. Effective date.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill changes how certain property tax exemptions in Oklahoma are administered. It requires applicants for these exemptions to provide specific information to demonstrate their eligibility. Furthermore, it mandates the Oklahoma Tax Commission to share this information with the Incentive Evaluation Commission, allowing them to assess the effectiveness of these tax exemptions. The bill also sets an effective date for these changes.
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