Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 10 - AD Valorem
Subchapter 7 - Manufacturing Facilities
Section 710:10-7-25 - County claim for reimbursement; funding shortfall

Universal Citation: OK Admin Code 710:10-7-25
Current through Vol. 42, No. 1, September 16, 2024

Manufacturers tax exemption reimbursements are to have first priority before any other program utilizing the fund ear-marked for the "Five-year Ad Valorem Tax Exemption for Oklahoma Manufacturers. In the event of a shortfall of State funding, the county treasurer's would receive less than a full payment. In that event, the Oklahoma Tax Commission shall advise the county treasurer of the proportion to be applied to each tax bill. [See: Attorney General Opinion 03-16]

Amended at 14 Ok Reg 2670, eff 6-26-97; Amended at 22 Ok Reg 1518, eff 6-11-05; Amended at 23 Ok Reg 2803, eff 6-25-06

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