Oklahoma HB4424 amends tax exemption rules for manufacturing facilities, effective January 1, 2027.
Oklahoma HB4424 modifies the exemption from ad valorem taxes for manufacturing facilities. The bill excludes certain establishments engaged in computer services and data processing from qualifying for the exemption. It defines terms and specifies that the exemption applies to new, acquired, or expanded facilities. The changes become effective January 1, 2027.
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