Bill > HB3661

This bill amends existing Oklahoma law regarding sales tax exemptions for agriculture by expanding the definition of "agricultural products" to include timber, meaning that sales of timber will now be treated similarly to other agricultural products for sales tax purposes. Additionally, the bill clarifies that the terms "farming" or "farm" now encompass the production of timber, seedling production, and forestry management, and it also defines "ranching" or "ranch" to include the business of raising horses. These changes are intended to provide broader sales tax relief to those involved in these agricultural and forestry activities, and the bill is set to become effective on November 1, 2026.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3661&Session=2600