Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 10 - AD Valorem
Subchapter 6 - Storm Shelter Exemption
Section 710:10-6-5 - Period of exemption
Universal Citation: OK Admin Code 710:10-6-5
Current through Vol. 42, No. 1, September 16, 2024
Beginning January 1, 2002, any storm shelter which meets the definition set out in 710:10-6-2 shall be exempt from Ad Valorem tax. Thereafter, if title to the property is transferred, changed, or conveyed to another person or entity, the exemption will be terminated and the property assessed as set forth in Article 10, Section 8 of the Oklahoma Constitution.
Added at 20 Ok Reg 2154, eff 6-26-03
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