SB 688
Ad valorem tax; providing exception to certain payroll requirements for manufacturing exemption. Emergency.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies Oklahoma’s ad valorem tax laws to provide a specific exception for businesses claiming the manufacturing exemption. Currently, these manufacturers must comply with certain payroll reporting requirements. This bill would exempt these manufacturers from those specific payroll reporting obligations, streamlining the process for them to qualify for the tax exemption. The bill was passed with an emergency clause, meaning it goes into effect immediately upon the Governor’s approval.
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