Oklahoma legislation · 2026 Regular Session
Oklahoma SB237: Ad valorem tax; exemption for manufacturing facilities; defining battery energy storage system; exemption; applications. Effective date.
Status: Vetoed, June 1, 2026
What the bill says
An Act relating to ad valorem tax; amending 68 O.S. 2021, Section 2902, as last amended by Section 1, Chapter 411, O.S.L. 2025 (68 O.S. Supp. 2025, Section 2902), which relates to the exemption from ad valorem tax for manufacturing facilities; defining battery energy storage system; excluding from certain definitions; limiting qualification as manufacturing facilities; excluding from certain personal property exemption; excluding from consideration as electric power generation; providing that effective on specified date a certain classification of entity not be eligible for exemption…
From the enrolled text, May 14, 2026:
An Act relating to ad valorem tax; amending 68 O.S. 2021, Section 2902, as last amended by Section 1, Chapter 411, O.S.L. 2025 (68 O.S. Supp. 2025, Section 2902), which relates to the exemption from ad valorem tax for manufacturing facilities; defining battery energy storage system; excluding from certain definitions; limiting qualification as manufacturing facilities; excluding from certain personal property exemption; excluding from consideration as electric power generation; providing that effective on specified date a certain classification of entity not be eligible for exemption; determining final dates for applications; excluding certain classification of entity from certain definition; and providing an effective date. SUBJECT: Ad valorem tax exemption SECTION 1. AMENDATORY 68 O.S. 2021, Section 2902, as last amended by Section 1, Chapter 411, O.S.L. 2025 (68 O.S. Supp. 2025, Section 2902), is amended to read as follows: Section 2902. A. Except as otherwise provided by subsection H of Section 3658 of this title pursuant to which the exemption authorized by this section may not be claimed, a qualifying manufacturing concern, as defined by Section 6B of Article X of the Oklahoma Constitution, and as further defined herein, shall be exempt from the levy of any ad valorem taxes upon new, expanded or acquired manufacturing facilities including facilities engaged in research and development, for a period of five (5) years. The …