Oklahoma HB3661 expands sales tax exemptions for agriculture to include timber and related forestry equipment.

Oklahoma HB3661 amends the sales tax exemption for agriculture to include timber and related forestry equipment. The bill modifies the definition of "agricultural products" to include timber and expands the exemption to cover sales of supplies, machinery, and equipment used in forestry management. The changes also include exemptions for materials and equipment used in the production of timber, seedling production, and forestry management. The bill specifies that these exemptions apply only when the items are used and in fact are used for the purposes outlined.

Oklahoma HB3661 expands sales tax exemptions for agriculture to include timber and related forestry equipment.

Oklahoma HB3661 amends the sales tax exemption for agriculture to include timber and related forestry equipment. The bill modifies the definition of "agricultural products" to include timber and expands the exemption to cover sales of supplies, machinery, and equipment used in forestry management. The changes also include exemptions for materials and equipment used in the production of timber, seedling production, and forestry management. The bill specifies that these exemptions apply only when the items are used and in fact are used for the purposes outlined.