Bill > HB1378

This bill amends Oklahoma's sales tax exemption law to expand the definition of agricultural products and farming to include timber and forestry-related activities. Specifically, the bill adds timber to the list of agricultural products eligible for sales tax exemptions, and defines "farming" or "farm" to include timber production, seedling production, and forestry management. The changes will allow timber producers to receive the same sales tax exemptions currently provided to traditional agricultural producers, such as exemptions on farm machinery, fertilizers, seeds, and other supplies used directly in agricultural production. The bill provides these expanded exemptions to support the timber and forestry industry in Oklahoma, treating it similarly to other agricultural sectors. The provisions will take effect on November 1, 2025, giving businesses and tax authorities time to prepare for the new definitions and exemptions.

Agriculture and Natural Resources, Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1378&Session=2600