Oklahoma HB2140 enacts the Ad Valorem Tax Relief Act of 2025, effective November 1, 2025.
Oklahoma HB2140 enacts the Ad Valorem Tax Relief Act of 2025, which provides for noncodification and sets an effective date of November 1, 2025. The act aims to address revenue and taxation by modifying the Ad Valorem Tax Code, including definitions, classifications of property, and valuation procedures.
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