Oklahoma HB3433: Revenue and taxation; in lieu taxation; farm tractors; machinery; equipment; apportionment; repealer; effective date.

What the bill says

An Act relating to revenue and taxation; providing for in lieu tax treatment of farm tractors and other personal property used in agricultural production; providing for apportionment; amending 68 O.S. 2021, Section 2805, which relates to in lieu taxation; modifying provisions; repealing 68 O.S. 2021, Section 2809, which relates to farm tractor taxation; providing for codification; and providing an effective date.

From the introduced text, January 14, 2026:

An Act relating to revenue and taxation; providing for in lieu tax treatment of farm tractors and other personal property used in agricultural production; providing for apportionment; amending 68 O.S. 2021, Section 2805, which relates to in lieu taxation; modifying provisions; repealing 68 O.S. 2021, Section 2809, which relates to farm tractor taxation; providing for codification; and providing an effective date. BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA: SECTION 1. NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 2809.1A of Title 68, unless there is created a duplication in numbering, reads as follows: A. In lieu of the ad valorem tax that would otherwise be imposed on farm tractors and other heavy equipment used in agricultural production, there is hereby levied an lieu tax of Fifteen Dollars ($15.00) per year. B. The in lieu tax required by this section shall be paid to the county treasurer at the same time and in the same manner as ad valorem personal property tax is paid. Req. No. 15901 Page C. The revenue from the in lieu tax shall be apportioned in the same way that the ad valorem tax that would otherwise be levied upon the property would be apportioned. SECTION 2. AMENDATORY 68 O.S. 2021, Section 2805, is amended …

Read the full official text

Sponsors

• Jonathan Wilk (R, HD-020) · primary sponsor

Latest actions

1. February 19, 2026: Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee
2. February 3, 2026: Referred to Appropriations and Budget Finance Subcommittee
3. February 3, 2026: Second Reading referred to Appropriations and Budget
4. February 2, 2026: Authored by Representative Wilk
5. February 2, 2026: First Reading

Votes

• Floor Vote (February 18, 2026): 10 yea, 0 nay, passed

Common questions

What is HB3433?

HB3433 is a bill in the Oklahoma Legislature (2026 Regular Session): Revenue and taxation; in lieu taxation; farm tractors; machinery; equipment; apportionment; repealer; effective date.

What does HB3433 do?

In its own words: An Act relating to revenue and taxation; providing for in lieu tax treatment of farm tractors and other personal property used in agricultural production; providing for apportionment; amending 68 O.S. 2021, Section 2805, which relates to in lieu taxation; modifying provisions; repealing 68 O.S. 2021, Section 2809, which relates to farm tractor taxation; providing for codification; and providing an effective date.

What is the status of HB3433?

In committee as of February 19, 2026. Latest action: Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee (February 19, 2026).

Who sponsored HB3433?

Jonathan Wilk (R, HD-020).

Where is the official record for HB3433?

On the Oklahoma Legislature website: https://www.oklegislature.gov/BillInfo.aspx?Bill=HB3433&Session=2600