Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 10 - AD Valorem
Subchapter 7 - Manufacturing Facilities
Section 710:10-7-6 - Beginning date of exemption; failure to claim

Universal Citation: OK Admin Code 710:10-7-6
Current through Vol. 42, No. 1, September 16, 2024

The five-year period of allowable ad valorem manufacturing exemption for any qualifying manufacturing facility property shall begin on January 1 following the initial qualifying use of the property in the manufacturing process as provided by law. Failure to claim an exemption for which a qualifying manufacturing concern may be eligible shall not toll or extend the five-year period of allowable exemption. Any remaining eligibility for previously acquired assets may be claimed for the following year based on the initial year of acquisition. Oklahoma Constitution Article 10 Section 22A prohibits the filing of an exemption application for any prior year(s) beginning January 1, 2009. The application must be made in the same year as the exemption is requested.

Amended at 14 Ok Reg 2670, eff 6-26-97; Amended at 21 Ok Reg 2563, eff 6-25-04; Amended at 23 Ok Reg 2803, eff 6-25-06; Amended at 24 Ok Reg 2343, eff 6-25-07; Amended at 26 Ok Reg 2323, eff 6-25-09

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