Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 710. Oklahoma Tax Commission |
Chapter 10. AD Valorem |
Subchapter 15. Freeport Exemption |
SECTION 710:10-15-1. General provisions
Latest version.
- (a) The procedures and requirements set out in this Subchapter shall be used to administer the exemption.(b) The "Freeport Exemption" refers to the Oklahoma Constitutional provision contained in Oklahoma Constitution Article 10, Section 6A relating to property moving through the state and goods, wares and merchandise held for assembly, storage, manufacturing, processing or fabricating purposes if not for more than nine (9) months.