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§ 2807.1. Livestock employed in support of family defined

Oklahoma Statutes AnnotatedTitle 68. Revenue and TaxationEffective: January 1, 2023

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 28. AD Valorem Tax Code (Refs & Annos)
Effective: January 1, 2023
68 Okl.St.Ann. § 2807.1
§ 2807.1. Livestock employed in support of family defined
A. For purposes of the exemption authorized pursuant to subsection B of Section 6 of Article X of the Oklahoma Constitution, “livestock employed in support of the family” means all horses, cattle, mules, asses, sheep, swine, goats, poultry, and any other livestock.
B. For purposes of the exemption authorized pursuant to subsection B of Section 6 of Article X of the Oklahoma Constitution, and for purposes of this section, livestock owned by a general partnership, limited partnership, corporation, limited liability company, estate, trust, or other lawfully recognized entity, including animals owned wholly or in part by a resident of a state other than this state and a corporation incorporated in a state other than this state, shall be deemed to be livestock employed in support of the family.

Credits

Laws 1994, c. 51, § 1, eff. Sept. 1, 1994; Laws 2012, c. 193, § 1, eff. Jan. 1, 2013; Laws 2021, c. 433, § 1, eff. Jan. 1, 2022; Laws 2022, c. 285, § 1, eff. Jan. 1, 2023.
68 Okl. St. Ann. § 2807.1, OK ST T. 68 § 2807.1
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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