Ad valorem tax; prohibiting entities with certain employees from receiving exemption for manufacturing facilities. Effective date.

Summary

The bill changes Oklahoma’s property‑tax exemption rules for new or expanded manufacturing plants, keeping the five‑year break only for facilities that meet new investment, wage and employment standards. It also prevents entities that employ specified types of workers from claiming the exemption. The goal is to direct tax incentives toward projects that create quality jobs and significant capital investment.

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

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