Bill > HB1242

This bill amends Oklahoma's existing agricultural sales tax exemption statute to specifically include cervidae (deer and elk) in the list of livestock that can be sold by producers without being subject to sales tax. Currently, the law exempts sales of livestock such as cattle, horses, and mules when sold by the producer through private treaty or at a special livestock sale. By adding cervidae to this exemption, the bill recognizes deer and elk farming as an agricultural activity and provides tax relief for farmers who raise these animals. The bill will take effect on November 1, 2025, giving farmers and tax authorities time to prepare for the change. This modification aligns the tax code with the growing practice of cervidae farming, treating these animals similarly to other livestock for tax purposes and potentially supporting the development of deer and elk farming as a viable agricultural enterprise in Oklahoma.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1242&Session=2600