Revenue and taxation; five-year manufacturing exemption; legislative intent; effective date.

Summary

The bill amends Oklahoma Statutes to exempt qualifying manufacturing concerns from ad valorem taxes on new, expanded, or acquired facilities for five years. Eligibility is tied to investment amounts, out‑of‑state sales percentages, wage levels, and specific industry classifications. The goal is to spur manufacturing investment and job creation.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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