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Oklahoma Legislature· SB 577Becomes law without Governor's signature 05/14/2025

An act relating to ad valorem tax, the official text

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1                  STATE OF OKLAHOMA

1

2                  1st Session of the 60th Legislature (2025)

2

3 SENATE BILL 577              By: Rader
3

4

4

5

5

6                  AS INTRODUCED

6

7   An Act relating to ad valorem tax; amending 68 O.S.

7   2021, Section 2902, as last amended by Section 1,

8   Chapter 390, O.S.L. 2022 (68 O.S. Supp. 2024, Section

8   2902), which relates to the exemption from ad valorem

9   tax for manufacturing facilities; requiring

9   facilities to provide certain information; requiring

10  the Oklahoma Tax Commission to provide certain data

10  to the Incentive Evaluation Commission; amending 68

11  O.S. 2021, Section 205, as last amended by Section 1,

11  Chapter 208, O.S.L. 2024 (68 O.S. Supp. 2024, Section

12  205), which relates to the confidential nature of

12  records and files of the Oklahoma Tax Commission;

13  excepting and requiring the disclosure of

13  information; updating statutory language; updating

14  statutory reference; and providing an effective date.

14

15

15

16

16

17 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
17

18  SECTION 1.     AMENDATORY  68 O.S. 2021, Section 2902, as

18

19 last amended by Section 1, Chapter 390, O.S.L. 2022 (68 O.S. Supp.
19

20 2024, Section 2902), is amended to read as follows:
20

21  Section 2902. A. Except as otherwise provided by subsection H

21

22 of Section 3658 of this title pursuant to which the exemption
22

23 authorized by this section may not be claimed, a qualifying
23

24 manufacturing concern, as defined by Section 6B of Article X of the
24

    Req. No. 1331                                               Page 1
1 Oklahoma Constitution, and as further defined herein, shall be
1

2 exempt from the levy of any ad valorem taxes upon new, expanded or
2

3 acquired manufacturing facilities including facilities engaged in
3

4 research and development, for a period of five (5) years. The
4

5 provisions of Section 6B of Article X of the Oklahoma Constitution
5

6 requiring an existing facility to have been unoccupied for a period
6

7 of twelve (12) months prior to acquisition shall be construed as a
7

8 qualification for a facility to initially receive an exemption, and
8

9 shall not be deemed to be a qualification for that facility to
9

10 continue to receive an exemption in each of the four (4) years
10

11 following the initial year for which the exemption was granted.
11

12 Such facilities are hereby classified for the purposes of taxation
12

13 as provided in Section 22 of Article X of the Oklahoma Constitution.
13

14  B. For purposes of this section, the following definitions

14

15 shall apply:
15

16  1. "Manufacturing facilities" means facilities engaged in the

16

17 mechanical or chemical transformation of materials or substances
17

18 into new products and except as provided by paragraph 6 of
18

19 subsection C of this section shall include:
19

20  a. establishments which have received a manufacturer

20

21                 exemption permit pursuant to the provisions of Section

21

22                 1359.2 of this title,

22

23

23

24

24

    Req. No. 1331                                              Page 2
1   b. facilities including repair and replacement parts,

1

2                  primarily engaged in aircraft repair, building and

2

3                  rebuilding whether or not on a factory basis,

3

4   c. establishments primarily engaged in computer services

4

5                  and data processing as defined under Industrial Group

5

6                  Numbers 5112 and 5415, and U.S. Industry Number 334611

6

7                  and 519130 of the NAICS Manual, latest revision, and

7

8                  which derive at least fifty percent (50%) of their

8

9                  annual gross revenues from the sale of a product or

9

10                 service to an out-of-state buyer or consumer, and as

10

11                 defined under Industrial Group Number 5182 of the

11

12                 NAICS Manual, latest revision, which derive at least

12

13                 eighty percent (80%) of their annual gross revenues

13

14                 from the sale of a product or service to an out-of-

14

15                 state buyer or consumer. Eligibility as a

15

16                 manufacturing facility pursuant to this subparagraph

16

17                 shall be established, subject to review by the

17

18                 Oklahoma Tax Commission, by annually filing an

18

19                 affidavit with the Tax Commission stating that the

19

20                 facility so qualifies and such other information as

20

21                 required by the Tax Commission. For purposes of

21

22                 determining whether annual gross revenues are derived

22

23                 from sales to out-of-state buyers, all sales to the

23

24

24

    Req. No. 1331                                                 Page 3
1                  federal government shall be considered to be an out-

1

2                  of-state buyer,

2

3   d. facilities that the investment cost of the

3

4                  construction, acquisition or expansion is Five Hundred

4

5                  Thousand Dollars ($500,000.00) or more with respect to

5

6                  assets placed into service during calendar year 2022.

6

7                  For subsequent calendar years, the investment required

7

8                  shall be increased annually by a percentage equal to

8

9                  the previous year's increase in the Consumer Price

9

10                 Index-All Urban Consumers ("CPI-U") and such adjusted

10

11                 amount shall be the required investment cost in order

11

12                 to qualify for the exemption authorized by this

12

13                 section. The Oklahoma Department of Commerce shall

13

14                 determine the amount of the increase, if any, on

14

15                 January 1 of each year. The Oklahoma Tax Commission

15

16                 shall publish on its website at least annually the

16

17                 adjusted dollar amount in order to qualify for the

17

18                 exemption authorized by this section and shall include

18

19                 the adjusted dollar amount in any of its relevant

19

20                 forms or publications with respect to the exemption.

20

21                 Provided, "investment cost" shall not include the cost

21

22                 of direct replacement, refurbishment, repair or

22

23                 maintenance of existing machinery or equipment, except

23

24                 that "investment cost" investment cost shall include

24

    Req. No. 1331                                  Page 4
1                  capital expenditures for direct replacement,

1

2                  refurbishment, repair or maintenance of existing

2

3                  machinery or equipment that qualifies for depreciation

3

4                  and/or amortization pursuant to the Internal Revenue

4

5                  Code of 1986, as amended, and such expenditures shall

5

6                  be eligible as a part of an "expansion" expansion that

6

7                  otherwise qualifies under this section,

7

8   e. establishments primarily engaged in distribution as

8

9                  defined under Industry Numbers 49311, 49312, 49313 and

9

10                 49319 and Industry Sector Number 42 of the NAICS

10

11                 Manual, latest revision, and which meet the following

11

12                 qualifications:

12

13                 (1) construction with an initial capital investment

13

14                 of at least Five Million Dollars ($5,000,000.00),

14

15                 (2) employment of at least one hundred (100) full-

15

16                 time-equivalent employees, as certified by the

16

17                 Oklahoma Employment Security Commission,

17

18                 (3) payment of wages or salaries to its employees at

18

19                 a wage which equals or exceeds the average wage

19

20                 requirements in the Oklahoma Quality Jobs Program

20

21                 Act for the year in which the real property was

21

22                 placed into service, and

22

23                 (4) commencement of construction on or after November

23

24                 1, 2007, with construction to be completed within

24

    Req. No. 1331                                                Page 5
1                  three (3) years from the date of the commencement

1

2                  of construction,

2

3   f. facilities engaged in the manufacturing, compounding,

3

4                  processing or fabrication of materials into articles

4

5                  of tangible personal property according to the special

5

6                  order of a customer (custom order manufacturing) by

6

7                  manufacturers classified as operating in North

7

8                  American Industry Classification System (NAICS)

8

9                  Sectors 32 and 33, but does not include such custom

9

10                 order manufacturing by manufacturers classified in

10

11                 other NAICS code sectors, and

11

12  g. with respect to any entity making an application for

12

13                 the exemption authorized by this section on or after

13

14                 January 1, 2023, the establishment making application

14

15                 for exempt treatment of real or personal property

15

16                 acquired or improved beginning January 1, 2022, and

16

17                 for any calendar year thereafter, the entity shall be

17

18                 required to pay new direct jobs, as defined by Section

18

19                 3603 of this title for purposes of the Oklahoma

19

20                 Quality Jobs Program Act, an average annualized wage

20

21                 which equals or exceeds the average wage requirement

21

22                 in the Oklahoma Quality Jobs Program Act for the year

22

23                 in which the real or personal property was placed into

23

24                 service. The Oklahoma Tax Commission may request

24

    Req. No. 1331                                 Page 6
1                  verification from the Oklahoma Department of Commerce

1

2                  that an establishment seeking an exemption for real or

2

3                  personal property pays an average annualized wage that

3

4                  equals or exceeds the average wage requirement in

4

5                  effect for the year in which the real or personal

5

6                  property was placed into service. For purposes of

6

7                  this subparagraph, it shall not be necessary for the

7

8                  establishment to qualify for incentive payments

8

9                  pursuant to the Oklahoma Quality Jobs Program Act, but

9

10                 the establishment shall be subject to the wage

10

11                 requirements of the Oklahoma Quality Jobs Program Act

11

12                 with respect to new direct jobs in order to qualify

12

13                 for the exempt treatment authorized by this section.

13

14  Eligibility as a manufacturing facility pursuant to this

14

15 subparagraph shall be established, subject to review by the Tax
15

16 Commission, by annually filing an affidavit with the Tax Commission
16

17 stating that the facility so qualifies and containing such other
17

18 information as required by the Tax Commission.
18

19  Provided, eating and drinking places, as well as other retail

19

20 establishments, shall not qualify as manufacturing facilities for
20

21 purposes of this section, nor shall centrally assessed properties.
21

22  Eligibility as a manufacturing facility pursuant to this

22

23 subparagraph shall be established, subject to review by the Tax
23

24 Commission, by annually filing an application with the Tax
24

    Req. No. 1331                                              Page 7
1 Commission stating that the facility so qualifies and containing
1

2 such other information as required by the Tax Commission;
2

3       2. "Facility" and "facilities", except as otherwise provided by

3

4 this section, means and includes the land, buildings, structures and
4

5 improvements used directly and exclusively in the manufacturing
5

6 process. Effective January 1, 2022, and for each calendar year
6

7 thereafter, for establishments which have received a manufacturer
7

8 exemption permit pursuant to the provisions of Section 1359.2 of
8

9 this title, or facilities engaged in manufacturing activities
9

10 defined or classified in the NAICS Manual under Industry Nos. 311111
10

11 through 339999, inclusive, but for no other establishments, facility
11

12 and facilities means and includes the land, buildings, structures,
12

13 improvements, machinery, fixtures, equipment and other personal
13

14 property used directly and exclusively in the manufacturing process;
14

15 and
15

16      3. "Research and development" means activities directly related

16

17 to and conducted for the purpose of discovering, enhancing,
17

18 increasing or improving future or existing products or processes or
18

19 productivity.
19

20      C. The following provisions shall apply:

20

21      1. A manufacturing concern shall be entitled to the exemption

21

22 herein provided for each new manufacturing facility constructed,
22

23 each existing manufacturing facility acquired and the expansion of
23

24 existing manufacturing facilities on the same site, as such terms
24

    Req. No. 1331                                               Page 8
1 are defined by Section 6B of Article X of the Oklahoma Constitution
1

2 and by this section;
2

3       2. No manufacturing concern shall receive more than one five-

3

4 year exemption for any one manufacturing facility unless the
4

5 expansion which qualifies the manufacturing facility for an
5

6 additional five-year exemption meets the requirements of paragraph 4
6

7 of this subsection and the employment level established for any
7

8 previous exemption is maintained;
8

9       3. Any exemption as to the expansion of an existing

9

10 manufacturing facility shall be limited to the increase in ad
10

11 valorem taxes directly attributable to the expansion;
11

12      4. All initial applications for any exemption for a new,

12

13 acquired or expanded manufacturing facility shall be granted only
13

14 if:
14

15      a. there is a net increase in annualized base payroll

15

16                 over the initial payroll of at least Two Hundred Fifty

16

17                 Thousand Dollars ($250,000.00) if the facility is

17

18                 located in a county with a population of fewer than

18

19                 seventy-five thousand (75,000), according to the most

19

20                 recent Federal Decennial Census, while maintaining or

20

21                 increasing base payroll in subsequent years, or at

21

22                 least One Million Dollars ($1,000,000.00) if the

22

23                 facility is located in a county with a population of

23

24                 seventy-five thousand (75,000) or more, according to

24

    Req. No. 1331                                              Page 9
1                  the most recent Federal Decennial Census, while

1

2                  maintaining or increasing base payroll in subsequent

2

3                  years; provided, the payroll requirement of this

3

4                  subparagraph shall be waived for claims for exemptions

4

5                  including claims previously denied or on appeal on

5

6                  March 3, 2010, for all initial applications for

6

7                  exemption filed on or after January 1, 2004, and on or

7

8                  before March 31, 2009, and all subsequent annual

8

9                  exemption applications filed related to the initial

9

10                 application for exemption, for an applicant, if the

10

11                 facility has been located in Oklahoma for at least

11

12                 fifteen (15) years engaged in marine engine

12

13                 manufacturing as defined under U.S. Industry Number

13

14                 333618 of the NAICS Manual, latest revision, and has

14

15                 maintained an average employment of five hundred (500)

15

16                 or more full-time-equivalent employees over a ten-year

16

17                 period. Any applicant that qualifies for the payroll

17

18                 requirement waiver as outlined in the previous

18

19                 sentence and subsequently closes its Oklahoma

19

20                 manufacturing plant prior to January 1, 2012, may be

20

21                 disqualified for exemption and subject to recapture.

21

22                 For an applicant engaged in paperboard manufacturing

22

23                 as defined under U.S. Industry Number 322130 of the

23

24                 NAICS Manual, latest revision, union master payouts

24

    Req. No. 1331                                               Page 10
1                  paid by the buyer of the facility to specified

1

2                  individuals employed by the facility at the time of

2

3                  purchase, as specified under the purchase agreement,

3

4                  shall be excluded from payroll for purposes of this

4

5                  section.

5

6                  In order to provide certainty with respect to

6

7                  investments in manufacturing facilities pertaining to

7

8                  all initial applications for exemption filed on or

8

9                  after January 1, 2016, the following definitions shall

9

10                 apply:

10

11                 (1) "base payroll" shall mean total payroll adjusted

11

12                 for any nonrecurring bonuses, exercise of stock

12

13                 option or stock rights and other nonrecurring,

13

14                 extraordinary items included in total payroll,

14

15                 and

15

16                 (2) "initial payroll" shall mean base payroll for the

16

17                 year immediately preceding the initial

17

18                 construction, acquisition or expansion.

18

19                 The Tax Commission shall verify payroll

19

20                 information through the Oklahoma Employment

20

21                 Security Commission by using reports from the

21

22                 Oklahoma Employment Security Commission for the

22

23                 calendar year immediately preceding the year for

23

24                 which initial application is made for base-line

24

    Req. No. 1331                                           Page 11
 1                    payroll, which must be maintained or increased
 1                    for each subsequent year; provided, a
 2                    manufacturing facility shall have the option of
 2                    excluding from its payroll, for purposes of this
 3                    section:
 3
 4                             i. payments to sole proprietors, members
 4                                      of a partnership, members of a limited
 5                                      liability company who own at least ten
 5                                      percent (10%) of the capital of the
 6                                      limited liability company or
 6                                      stockholder-employees of a corporation
 7                                      who own at least ten percent (10%) of
 7                                      the stock in the corporation, and
 8
 8                           ii. any nonrecurring bonuses, exercise of
 9                                      stock option or stock rights or other
 9                                      nonrecurring, extraordinary items
10                                      included in total payroll numbers as
10                                      reported by the Oklahoma Employment
11                                      Security Commission. A manufacturing
11                                      facility electing either option shall
12                                      indicate such election upon its
12                                      application for an exemption under this
13                                      section. Any manufacturing facility
13                                      electing either option shall submit
14
14                                                                                          Page 12
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24

       Req. No. 1331
1                  such information as the Tax Commission

1

2                  may require in order to verify payroll

2

3                  information. Payroll information

3

4                  submitted pursuant to the provisions of

4

5                  this paragraph shall be submitted to

5

6                  the Tax Commission and shall be subject

6

7                  to the provisions of Section 205 of

7

8                  this title, and

8

9   b. the facility offers, or will offer within one hundred

9

10                 eighty (180) days of the date of employment, a basic

10

11                 health benefits plan to the full-time-equivalent

11

12                 employees of the facility, which is determined by the

12

13                 Oklahoma Department of Commerce to consist of the

13

14                 elements specified in subparagraph b of paragraph 1 of

14

15                 subsection A of Section 3603 of this title or elements

15

16                 substantially equivalent thereto.

16

17  For purposes of this section, calculation of the amount of

17

18 increased base payroll shall be measured from the start of initial
18

19 construction or expansion to the completion of such construction or
19

20 expansion or for three (3) years from the start of initial
20

21 construction or expansion, whichever occurs first. The amount of
21

22 increased base payroll shall include payroll for full-time-
22

23 equivalent employees in this state who are employed by an entity
23

24 other than the facility which has previously or is currently
24

    Req. No. 1331                                              Page 13
1 qualified to receive an exemption pursuant to the provisions of this
1

2 section and who are leased or otherwise provided to the facility, if
2

3 such employment did not exist in this state prior to the start of
3

4 initial construction or expansion of the facility. The
4

5 manufacturing concern shall submit an affidavit to the Tax
5

6 Commission, signed by an officer, stating that the construction,
6

7 acquisition or expansion of the facility will result in a net
7

8 increase in the annualized base payroll as required by this
8

9 paragraph and that full-time-equivalent employees of the facility
9

10 are or will be offered a basic health benefits plan as required by
10

11 this paragraph. If, after the completion of such construction or
11

12 expansion or after three (3) years from the start of initial
12

13 construction or expansion, whichever occurs first, the construction,
13

14 acquisition or expansion has not resulted in a net increase in the
14

15 amount of annualized base payroll, if required, or any other
15

16 qualification specified in this paragraph has not been met, the
16

17 manufacturing concern shall pay an amount equal to the amount of any
17

18 exemption granted including penalties and interest thereon, to the
18

19 Tax Commission for deposit to the Ad Valorem Reimbursement Fund;
19

20  5. Except as otherwise provided by this paragraph, any new,

20

21 acquired or expanded computer data processing, data preparation or
21

22 information processing services provider classified in U.S. Industry
22

23 Number 518210 of the North American Industrial Classification System
23

24 (NAICS) Manual, 2017 revision, may apply for exemptions under this
24

    Req. No. 1331                                             Page 14
1 section for each year in which new, acquired, or expanded capital
1

2 improvements to the facility are made for assets placed in service
2

3 not later than December 31, 2021, if:
3

4   a. there is a net increase in annualized payroll of the

4

5                  applicant at any facility or facilities of the

5

6                  applicant in this state of at least Two Hundred Fifty

6

7                  Thousand Dollars ($250,000.00), which is attributable

7

8                  to the capital improvements, or a net increase of

8

9                  Seven Million Dollars ($7,000,000.00) or more in

9

10                 capital improvements, while maintaining or increasing

10

11                 payroll at the facility or facilities in this state

11

12                 which are included in the application, and

12

13  b. the facility offers, or will offer within one hundred

13

14                 eighty (180) days of the date of employment of new

14

15                 employees attributable to the capital improvements, a

15

16                 basic health benefits plan to the full-time-equivalent

16

17                 employees of the facility, which is determined by the

17

18                 Oklahoma Department of Commerce to consist of the

18

19                 elements specified in subparagraph b of paragraph 1 of

19

20                 subsection A of Section 3603 of this title or elements

20

21                 substantially equivalent thereto.

21

22  An establishment described by this paragraph, the primary

22

23 business activity of which is described by Industry No. 518210 of
23

24 the North American Industry Classification System (NAICS) Manual,
24

    Req. No. 1331                                              Page 15
1 2017 revision, that has applied for and been granted an exemption
1

2 for personal property at any time within five (5) years prior to
2

3 November 1, 2021, may apply for exemptions for items of eligible
3

4 personal property to be located within improvements to real property
4

5 and such real property and improvements having been exempt from ad
5

6 valorem taxation prior to November 1, 2021, pursuant to the
6

7 provisions of this section if such personal property is placed in
7

8 service not later than December 31, 2036. No additional personal
8

9 property of such establishment placed in service after such date
9

10 shall qualify for the exempt treatment otherwise authorized pursuant
10

11 to this paragraph;
11

12  6. Effective January 1, 2017, an entity engaged in electric

12

13 power generation by means of wind, as described by the North
13

14 American Industry Classification System, No. 221119, shall not be
14

15 defined as a qualifying manufacturing concern for purposes of the
15

16 exemption otherwise authorized pursuant to Section 6B of Article X
16

17 of the Oklahoma Constitution or qualify as a "manufacturing
17

18 facility" manufacturing facility as defined in this section. No
18

19 initial application for exemption shall be filed by or accepted from
19

20 an entity engaged in electric power generation by means of wind on
20

21 or after January 1, 2018;
21

22  7. An entity or applicant engaged in an industry as defined

22

23 under U.S. Industry Number 324110 of the NAICS Manual, latest
23

24 revision, which has applied for or been granted an exemption for a
24

    Req. No. 1331             Page 16
1 time period which began on or after calendar year 2012 and before
1

2 calendar year 2016 but which did not meet the payroll requirements
2

3 of subparagraph a of paragraph 4 of this subsection because of
3

4 nonrecurring bonuses, exercise of stock option or stock rights or
4

5 other nonrecurring, extraordinary items included in total payroll in
5

6 the previous year, shall be allowed an exemption, beginning with
6

7 calendar year 2016, for the number of years including the calendar
7

8 year for which the exemption was denied, remaining in the entity's
8

9 five-year exemption period, provided such entity attains or
9

10 increases payroll at or above the initial or base payroll
10

11 established for the exemption;
11

12  8. A facility engaged in manufacturing defined under U.S.

12

13 Industry Number 327310 of the NAICS Manual shall have the payroll
13

14 requirements of paragraph 4 of this subsection waived for tax year
14

15 2021, which is based in part on the 2020 calendar year payroll
15

16 reported to the Oklahoma Employment Security Commission, and may
16

17 continue to receive the exemption for the five-year period provided
17

18 in this section only if all other requirements of this section are
18

19 met; and
19

20  9. A facility engaged in manufacturing which otherwise

20

21 qualifies for the exemption or exemptions pursuant to the provisions
21

22 of this section shall have the payroll requirements of paragraph 4
22

23 of this subsection waived for tax year 2021, which is based in part
23

24 on the 2020 calendar year payroll reported to the Oklahoma
24

    Req. No. 1331                                              Page 17
1 Employment Security Commission, and for tax year 2022, which is
1

2 based in part on the 2021 calendar year payroll reported to the
2

3 Oklahoma Employment Security Commission, and may continue to receive
3

4 the exemption for the five-year period provided in this section only
4

5 if all other requirements of this section are met.
5

6   D. 1. Except as provided in paragraph 2 of this subsection,

6

7 the five-year period of exemption from ad valorem taxes for any
7

8 qualifying manufacturing facility property shall begin on January 1
8

9 following the initial qualifying use of the property in the
9

10 manufacturing process.
10

11  2. The five-year period of exemption from ad valorem taxes for

11

12 any qualifying manufacturing facility, as specified in subparagraphs
12

13 a and b of this paragraph, which is located within a tax incentive
13

14 district created pursuant to the Local Development Act by a county
14

15 having a population of at least five hundred thousand (500,000),
15

16 according to the most recent Federal Decennial Census, shall begin
16

17 on January 1 following the expiration or termination of the ad
17

18 valorem exemption, abatement, or other incentive provided through
18

19 the tax incentive district. Facilities qualifying pursuant to this
19

20 subsection shall include:
20

21  a. a manufacturing facility as defined in subparagraph c

21

22                 of paragraph 1 of subsection B of this section, and

22

23  b. an establishment primarily engaged in distribution as

23

24                 defined under Industry Number 49311 of the North

24

    Req. No. 1331                                     Page 18
1                 American Industry Classification System for which the

1

2                 initial capital investment was at least One Hundred

2

3                 Eighty Million Dollars ($180,000,000.00); provided,

3

4                 that the qualifying job creation and depreciable

4

5                 property investment occurred prior to calendar year

5

6                 2017 but not earlier than calendar year 2013.

6

7  E. Any person, firm or corporation claiming the exemption

7

8 herein provided for shall file each year for which exemption is
8

9 claimed, an application therefor with the county assessor of the
9

10 county in which the new, expanded or acquired facility is located.
10

11 The application shall be on a form or forms prescribed by the Tax
11

12 Commission, and shall be filed on or before March 15, except as
12

13 provided in Section 2902.1 of this title, of each year in which the
13

14 facility desires to take the exemption or within thirty (30) days
14

15 from and after receipt by such person, firm or corporation of notice
15

16 of valuation increase, whichever is later. In a case where
16

17 completion of the facility or facilities will occur after January 1
17

18 of a given year, a facility may apply to claim the ad valorem tax
18

19 exemption for that year. If such facility is found to be qualified
19

20 for exemption, the ad valorem tax exemption provided for herein
20

21 shall be granted for that entire year and shall apply to the ad
21

22 valorem valuation as of January 1 of that given year. For
22

23 applicants who qualify under the provisions of subparagraph b of
23

24 paragraph 1 of subsection B of this section, the application shall
24

   Req. No. 1331                                              Page 19
1 include a copy of the affidavit and any other information required
1

2 to be filed with the Tax Commission.
2

3   F. The application shall be examined by the county assessor and

3

4 approved or rejected in the same manner as provided by law for
4

5 approval or rejection of claims for homestead exemptions. The
5

6 taxpayer shall have the same right of review by and appeal from the
6

7 county board of equalization, in the same manner and subject to the
7

8 same requirements as provided by law for review and appeals
8

9 concerning homestead exemption claims. Approved applications shall
9

10 be filed by the county assessor with the Tax Commission no later
10

11 than June 15, except as provided in Section 2902.1 of this title, of
11

12 the year in which the facility desires to take the exemption.
12

13 Incomplete applications and applications filed after June 15 will be
13

14 declared null and void by the Tax Commission. In the event that a
14

15 taxpayer qualified to receive an exemption pursuant to the
15

16 provisions of this section shall make payment of ad valorem taxes in
16

17 excess of the amount due, the county treasurer shall have the
17

18 authority to credit the taxpayer's real or personal property tax
18

19 overpayment against current taxes due. The county treasurer may
19

20 establish a schedule of up to five (5) years of credit to resolve
20

21 the overpayment.
21

22  G. Nothing herein shall in any manner affect, alter or impair

22

23 any law relating to the assessment of property, and all property,
23

24 real or personal, which may be entitled to exemption hereunder shall
24

    Req. No. 1331                                              Page 20
1 be valued and assessed as is other like property and as provided by
1

2 law. The valuation and assessment of property for which an
2

3 exemption is granted hereunder shall be performed by the Tax
3

4 Commission using one or more of the cost, income and expense and
4

5 sales comparison approaches to estimate fair cash value in
5

6 accordance with the Uniform Standards of Professional Appraisal
6

7 Practice.
7

8   H. For each year that a new, expanded, or acquired

8

9 manufacturing facility receives an exemption pursuant to Section 6B
9

10 of Article X of the Oklahoma Constitution, the entity shall provide
10

11 to the Tax Commission a report detailing the number of new jobs
11

12 created and the payroll data for new jobs created since the
12

13 exemption was provided. The Tax Commission shall provide the data
13

14 collected pursuant to this subsection to the Incentive Evaluation
14

15 Commission for only evaluation purposes by the Commission or a
15

16 designee.
16

17  I. The Tax Commission shall have the authority and duty to

17

18 prescribe forms and to promulgate rules as may be necessary to carry
18

19 out and administer the terms and provisions of this section.
19

20  SECTION 2.     AMENDATORY  68 O.S. 2021, Section 205, as last

20

21 amended by Section 1, Chapter 208, O.S.L. 2024 (68 O.S. Supp. 2024,
21

22 Section 205), is amended to read as follows:
22

23  Section 205. A. The records and files of the Oklahoma Tax

23

24 Commission concerning the administration of the Uniform Tax
24

    Req. No. 1331                                             Page 21
1 Procedure Code or of any state tax law shall be considered
1

2 confidential and privileged, except as otherwise provided for by
2

3 law, and neither the Tax Commission nor any employee engaged in the
3

4 administration of the Tax Commission or charged with the custody of
4

5 any such records or files nor any person who may have secured
5

6 information from the Tax Commission shall disclose any information
6

7 obtained from the records or files or from any examination or
7

8 inspection of the premises or property of any person.
8

9   B. Except as provided in paragraph 26 of subsection C of this

9

10 section, neither the Tax Commission nor any employee engaged in the
10

11 administration of the Tax Commission or charged with the custody of
11

12 any such records or files shall be required by any court of this
12

13 state to produce any of the records or files for the inspection of
13

14 any person or for use in any action or proceeding, except when the
14

15 records or files or the facts shown thereby are directly involved in
15

16 an action or proceeding pursuant to the provisions of the Uniform
16

17 Tax Procedure Code or of the state tax law, or when the
17

18 determination of the action or proceeding will affect the validity
18

19 or the amount of the claim of the state pursuant to any state tax
19

20 law, or when the information contained in the records or files
20

21 constitutes evidence of violation of the provisions of the Uniform
21

22 Tax Procedure Code or of any state tax law.
22

23  C. The provisions of this section shall not prevent the Tax

23

24 Commission, or with respect to the Oklahoma Department of Commerce
24

    Req. No. 1331                                             Page 22
1 in administration of the Oklahoma Rural Jobs Act as provided by
1

2 paragraph 22 of this subsection, from disclosing the following
2

3 information and no liability whatsoever, civil or criminal, shall
3

4 attach to any member of the Tax Commission, or the Oklahoma
4

5 Department of Commerce as applicable, or any employee thereof for
5

6 any error or omission in the disclosure of such information:
6

7   1. The delivery to a taxpayer or a duly authorized

7

8 representative of the taxpayer of a copy of any report or any other
8

9 paper filed by the taxpayer pursuant to the provisions of the
9

10 Uniform Tax Procedure Code or of any state tax law;
10

11  2. The exchange of information that is not protected by the

11

12 federal Privacy Protection Act, 42 U.S.C., Section 2000aa et seq.,
12

13 pursuant to reciprocal agreements entered into by the Tax Commission
13

14 and other state agencies or agencies of the federal government;
14

15  3. The publication of statistics so classified as to prevent

15

16 the identification of a particular report and the items thereof;
16

17  4. The examination of records and files by the State Auditor

17

18 and Inspector or the duly authorized agents of the State Auditor and
18

19 Inspector;
19

20  5. The disclosing of information or evidence to the Oklahoma

20

21 State Bureau of Investigation, Attorney General, Oklahoma State
21

22 Bureau of Narcotics and Dangerous Drugs Control, any district
22

23 attorney or agent of any federal law enforcement agency when the
23

24 information or evidence is to be used by such officials to
24

    Req. No. 1331                                              Page 23
1 investigate or prosecute violations of the criminal provisions of
1

2 the Uniform Tax Procedure Code or of any state tax law or of any
2

3 federal crime committed against this state. Any information
3

4 disclosed to the Oklahoma State Bureau of Investigation, Attorney
4

5 General, Oklahoma State Bureau of Narcotics and Dangerous Drugs
5

6 Control, any district attorney or agent of any federal law
6

7 enforcement agency shall be kept confidential by such person and not
7

8 be disclosed except when presented to a court in a prosecution for
8

9 violation of the tax laws of this state or except as specifically
9

10 authorized by law, and a violation by the Oklahoma State Bureau of
10

11 Investigation, Attorney General, Oklahoma State Bureau of Narcotics
11

12 and Dangerous Drugs Control, district attorney or agent of any
12

13 federal law enforcement agency by otherwise releasing the
13

14 information shall be a felony;
14

15  6. The use by any division of the Tax Commission of any

15

16 information or evidence in the possession of or contained in any
16

17 report or return filed with any other division of the Tax
17

18 Commission;
18

19  7. The furnishing, at the discretion of the Tax Commission, of

19

20 any information disclosed by its records or files to any official
20

21 person or body of this state, any other state, the United States or
21

22 foreign country who is concerned with the administration or
22

23 assessment of any similar tax in this state, any other state or the
23

24 United States. The provisions of this paragraph shall include the
24

    Req. No. 1331                                             Page 24
1 furnishing of information by the Tax Commission to a county assessor
1

2 to determine the amount of gross household income pursuant to the
2

3 provisions of Section 8C of Article X of the Oklahoma Constitution
3

4 or Section 2890 of this title. The Tax Commission shall promulgate
4

5 rules to give guidance to the county assessors regarding the type of
5

6 information which may be used by the county assessors in determining
6

7 the amount of gross household income pursuant to Section 8C of
7

8 Article X of the Oklahoma Constitution or Section 2890 of this
8

9 title. The provisions of this paragraph shall also include the
9

10 furnishing of information to the State Treasurer for the purpose of
10

11 administration of the Uniform Unclaimed Property Act;
11

12  8. The furnishing of information to other state agencies for

12

13 the limited purpose of aiding in the collection of debts owed by
13

14 individuals to such requesting agencies;
14

15  9. The furnishing of information requested by any member of the

15

16 general public and stated in the sworn lists or schedules of taxable
16

17 property of public service corporations organized, existing, or
17

18 doing business in this state which are submitted to and certified by
18

19 the State Board of Equalization pursuant to the provisions of
19

20 Section 2858 of this title and Section 21 of Article X of the
20

21 Oklahoma Constitution, provided such information would be a public
21

22 record if filed pursuant to Sections 2838 and 2839 of this title on
22

23 behalf of a corporation other than a public service corporation;
23

24

24

    Req. No. 1331                                         Page 25
1   10. The furnishing of information requested by any member of

1

2 the general public and stated in the findings of the Tax Commission
2

3 as to the adjustment and equalization of the valuation of real and
3

4 personal property of the counties of the state, which are submitted
4

5 to and certified by the State Board of Equalization pursuant to the
5

6 provisions of Section 2865 of this title and Section 21 of Article X
6

7 of the Oklahoma Constitution;
7

8   11. The furnishing of information as to the issuance or

8

9 revocation of any tax permit, license or exemption by the Tax
9

10 Commission as provided for by law. Such information shall be
10

11 limited to the name of the person issued the permit, license or
11

12 exemption, the name of the business entity authorized to engage in
12

13 business pursuant to the permit, license or exemption, the address
13

14 of the business entity and the grounds for revocation;
14

15  12. The posting of notice of revocation of any tax permit or

15

16 license upon the premises of the place of business of any business
16

17 entity which has had any tax permit or license revoked by the Tax
17

18 Commission as provided for by law. Such notice shall be limited to
18

19 the name of the person issued the permit or license, the name of the
19

20 business entity authorized to engage in business pursuant to the
20

21 permit or license, the address of the business entity and the
21

22 grounds for revocation;
22

23  13. The furnishing of information upon written request by any

23

24 member of the general public as to the outstanding and unpaid amount
24

    Req. No. 1331                                          Page 26
1 due and owing by any taxpayer of this state for any delinquent tax,
1

2 together with penalty and interest, for which a tax warrant or a
2

3 certificate of indebtedness has been filed pursuant to law;
3

4   14. After the filing of a tax warrant pursuant to law, the

4

5 furnishing of information upon written request by any member of the
5

6 general public as to any agreement entered into by the Tax
6

7 Commission concerning a compromise of tax liability for an amount
7

8 less than the amount of tax liability stated on such warrant;
8

9   15. The disclosure of information necessary to complete the

9

10 performance of any contract authorized by this title to any person
10

11 with whom the Tax Commission has contracted;
11

12  16. The disclosure of information to any person for a purpose

12

13 as authorized by the taxpayer pursuant to a waiver of
13

14 confidentiality. The waiver shall be in writing and shall be made
14

15 upon such form as the Tax Commission may prescribe;
15

16  17. The disclosure of information required in order to comply

16

17 with the provisions of Section 2369 of this title;
17

18  18. The disclosure to an employer, as defined in Sections

18

19 2385.1 and 2385.3 of this title, of information required in order to
19

20 collect the tax imposed by Section 2385.2 of this title;
20

21  19. The disclosure to a plaintiff of a corporation's last-known

21

22 address shown on the records of the Franchise Tax Division of the
22

23 Tax Commission in order for such plaintiff to comply with the
23

24 requirements of Section 2004 of Title 12 of the Oklahoma Statutes;
24

    Req. No. 1331                                             Page 27
1   20. The disclosure of information directly involved in the

1

2 resolution of the protest by a taxpayer to an assessment of tax or
2

3 additional tax or the resolution of a claim for refund filed by a
3

4 taxpayer, including the disclosure of the pendency of an
4

5 administrative proceeding involving such protest or claim, to a
5

6 person called by the Tax Commission as an expert witness or as a
6

7 witness whose area of knowledge or expertise specifically addresses
7

8 the issue addressed in the protest or claim for refund. Such
8

9 disclosure to a witness shall be limited to information pertaining
9

10 to the specific knowledge of that witness as to the transaction or
10

11 relationship between taxpayer and witness;
11

12  21. The disclosure of information necessary to implement an

12

13 agreement authorized by Section 2702 of this title when such
13

14 information is directly involved in the resolution of issues arising
14

15 out of the enforcement of a municipal sales tax ordinance. Such
15

16 disclosure shall be to the governing body or to the municipal
16

17 attorney, if so designated by the governing body;
17

18  22. The furnishing of information regarding incentive payments

18

19 made pursuant to the provisions of Sections 3601 through 3609 of
19

20 this title, incentive payments made pursuant to the provisions of
20

21 Sections 3501 through 3508 of this title, or tax credits claimed
21

22 pursuant to the provisions of Sections 1 through 8 of this act
22

23 Sections 3930 through 3937 of this title;
23

24

24

    Req. No. 1331                                           Page 28
1   23. The furnishing to a prospective purchaser of any business,

1

2 or his or her authorized representative, of information relating to
2

3 any liabilities, delinquencies, assessments or warrants of the
3

4 prospective seller of the business which have not been filed of
4

5 record, established or become final and which relate solely to the
5

6 seller's business. Any disclosure under this paragraph shall only
6

7 be allowed upon the presentment by the prospective buyer, or the
7

8 buyer's authorized representative, of the purchase contract and a
8

9 written authorization between the parties;
9

10  24. The furnishing of information as to the amount of state

10

11 revenue affected by the issuance or granting of any tax permit,
11

12 license, exemption, deduction, credit or other tax preference by the
12

13 Tax Commission as provided for by law. Such information shall be
13

14 limited to the type of permit, license, exemption, deduction, credit
14

15 or other tax preference issued or granted, the date and duration of
15

16 such permit, license, exemption, deduction, credit or other tax
16

17 preference and the amount of such revenue. The provisions of this
17

18 paragraph shall not authorize the disclosure of the name of the
18

19 person issued such permit, license, exemption, deduction, credit or
19

20 other tax preference, or the name of the business entity authorized
20

21 to engage in business pursuant to the permit, license, exemption,
21

22 deduction, credit or other tax preference;
22

23  25. The examination of records and files of a person or entity

23

24 by the Oklahoma State Bureau of Narcotics and Dangerous Drugs
24

    Req. No. 1331                              Page 29
 1 Control, district attorney or the Attorney General pursuant to a
 1

 2 court order by a magistrate in whose territorial jurisdiction the
 2

 3 person or entity resides, or where the Tax Commission records and
 3

 4 files are physically located. Such an order may only be issued upon
 4

 5 a sworn application by an agent of the Oklahoma State Bureau of
 5

 6 Narcotics and Dangerous Drugs Control or the Attorney General,
 6

 7 certifying that the person or entity whose records and files are to
 7

 8 be examined is the target of an ongoing investigation of a felony
 8

 9 violation of the Uniform Controlled Dangerous Substances Act and
 9

10 that information resulting from such an examination would likely be
10

11 relevant to that investigation. Any records or information obtained
11

12 pursuant to such an order may only be used by the Oklahoma State
12

13 Bureau of Narcotics and Dangerous Drugs Control, district attorney
13

14 or the Attorney General in the investigation and prosecution of a
14

15 felony violation of the Uniform Controlled Dangerous Substances Act
15

16 or money laundering pursuant to Section 2001 of Title 21 of the
16

17 Oklahoma Statutes. Any such order issued pursuant to this
17

18 paragraph, along with the underlying application, shall be sealed
18

19 and not disclosed to the person or entity whose records were
19

20 examined, for a period of ninety (90) days. The issuing magistrate
20

21 may grant extensions of such period upon a showing of good cause in
21

22 furtherance of the investigation. Upon the expiration of ninety
22

23 (90) days and any extensions granted by the magistrate, a copy of
23

24 the application and order shall be served upon the person or entity
24

Req. No. 1331  Page 30
1 whose records were examined, along with a copy of the records or
1

2 information actually provided by the Tax Commission;
2

3   26. The disclosure of information, as prescribed by this

3

4 paragraph, which is related to the proposed or actual usage of tax
4

5 credits pursuant to Section 2357.7 of this title, the Small Business
5

6 Capital Formation Incentive Act or the Rural Venture Capital
6

7 Formation Incentive Act. Unless the context clearly requires
7

8 otherwise, the terms used in this paragraph shall have the same
8

9 meaning as defined by Section 2357.7, 2357.61 or 2357.72 of this
9

10 title. The disclosure of information authorized by this paragraph
10

11 shall include:
11

12  a. the legal name of any qualified venture capital

12

13                 company, qualified small business capital company or

13

14                 qualified rural small business capital company,

14

15  b. the identity or legal name of any person or entity

15

16                 that is a shareholder or partner of a qualified

16

17                 venture capital company, qualified small business

17

18                 capital company or qualified rural small business

18

19                 capital company,

19

20  c. the identity or legal name of any Oklahoma business

20

21                 venture, Oklahoma small business venture or Oklahoma

21

22                 rural small business venture in which a qualified

22

23                 investment has been made by a capital company, or

23

24

24

    Req. No. 1331                                       Page 31
1   d. the amount of funds invested in a qualified venture

1

2                  capital company, the amount of qualified investments

2

3                  in a qualified small business capital company or

3

4                  qualified rural small business capital company and the

4

5                  amount of investments made by a qualified venture

5

6                  capital company, qualified small business capital

6

7                  company, or qualified rural small business capital

7

8                  company;

8

9   27. The disclosure of specific information as required by

9

10 Section 46 of Title 62 of the Oklahoma Statutes;
10

11  28. The disclosure of specific information as required by

11

12 Section 205.5 of this title;
12

13  29. The disclosure of specific information as required by

13

14 Section 205.6 of this title;
14

15  30. The disclosure of information to the State Treasurer

15

16 necessary to implement Section 2368.27 of this title;
16

17  31. The disclosure of specific information to the Oklahoma

17

18 Health Care Authority for purposes of determining eligibility for
18

19 current or potential recipients of assistance from the Oklahoma
19

20 Medicaid Program;
20

21  32. The disclosure of information to the Oklahoma Department of

21

22 Veterans Affairs including but not limited to the name and basis for
22

23 eligibility of each individual who qualifies for the sales tax
23

24

24

    Req. No. 1331                                         Page 32
1 exemption authorized in paragraph 34 of Section 1357 of this title;
1

2 or
2

3     33. The disclosure of information to the Oklahoma Medical

3

4 Marijuana Authority for the purposes of compliance with the Oklahoma
4

5 Medical Marijuana and Patient Protection Act or Section 420 et seq.
5

6 of Title 63 of the Oklahoma Statutes; or
6

7     34. The disclosure of information required in order to comply

7

8 with the provisions of subsection H of Section 2902 of this title.
8

9     D. The Tax Commission shall cause to be prepared and made

9

10 available for public inspection in the office of the Tax Commission
10

11 in such manner as it may determine an annual list containing the
11

12 name and post office address of each person, whether individual,
12

13 corporate or otherwise, making and filing an income tax return with
13

14 the Tax Commission.
14

15    It is specifically provided that no liability whatsoever, civil

15

16 or criminal, shall attach to any member of the Tax Commission or any
16

17 employee thereof for any error or omission of any name or address in
17

18 the preparation and publication of the list.
18

19    E. The Tax Commission shall prepare or cause to be prepared a

19

20 report on all provisions of state tax law that reduce state revenue
20

21 through exclusions, deductions, credits, exemptions, deferrals or
21

22 other preferential tax treatments. The report shall be prepared not
22

23 later than October 1 of each even-numbered year and shall be
23

24 submitted to the Governor, the President Pro Tempore of the Senate
24

    Req. No. 1331                                Page 33
1 and the Speaker of the House of Representatives. The Tax Commission
1

2 may prepare and submit supplements to the report at other times of
2

3 the year if additional or updated information relevant to the report
3

4 becomes available. The report shall include, for the previous
4

5 fiscal year, the Tax Commission's best estimate of the amount of
5

6 state revenue that would have been collected but for the existence
6

7 of each such exclusion, deduction, credit, exemption, deferral or
7

8 other preferential tax treatment allowed by law. The Tax Commission
8

9 may request the assistance of other state agencies as may be needed
9

10 to prepare the report. The Tax Commission is authorized to require
10

11 any recipient of a tax incentive or tax expenditure to report to the
11

12 Tax Commission such information as requested so that the Tax
12

13 Commission may fulfill its obligations as required by this
13

14 subsection. The Tax Commission may require this information to be
14

15 submitted in an electronic format. The Tax Commission may disallow
15

16 any claim of a person for a tax incentive due to its failure to file
16

17 a report as required under the authority of this subsection.
17

18  F. It is further provided that the provisions of this section

18

19 shall be strictly interpreted and shall not be construed as
19

20 permitting the disclosure of any other information contained in the
20

21 records and files of the Tax Commission relating to income tax or to
21

22 any other taxes.
22

23  G. Unless otherwise provided for in this section, any violation

23

24 of the provisions of this section shall constitute a misdemeanor and
24

    Req. No. 1331                                              Page 34
1 shall be punishable by the imposition of a fine not exceeding One
1

2 Thousand Dollars ($1,000.00) or by imprisonment in the county jail
2

3 for a term not exceeding one (1) year, or by both such fine and
3

4 imprisonment, and the offender shall be removed or dismissed from
4

5 office.
5

6   H. Offenses described in Section 2376 of this title shall be

6

7 reported to the appropriate district attorney of this state by the
7

8 Tax Commission as soon as the offenses are discovered by the Tax
8

9 Commission or its agents or employees. The Tax Commission shall
9

10 make available to the appropriate district attorney or to the
10

11 authorized agent of the district attorney its records and files
11

12 pertinent to prosecutions, and such records and files shall be fully
12

13 admissible as evidence for the purpose of such prosecutions.
13

14  SECTION 3. This act shall become effective November 1, 2025.

14

15

15

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    Req. No. 1331                            Page 35
Every fact on this page links to its source, starting with the official bill record.