State Sen. Murdock to file legislation to ease ag sales tax exemption renewal

Murdock to file legislation after findings of ag sales tax exemption interim study On the heels of an interim study dedicated to examining Oklahoma’s agricultural sales tax exemption, Sen. Casey Murdock said he’s preparing to file a measure ahead of the next legislative session to make it easier for farmers and ranchers to renew their sales tax exemption card. “When the Oklahoma Tax Commission (OTC) began requiring a Schedule F for agriculturalists to qualify for their sales tax exemption, we passed Senate Bill 422 to add additional documentation farmers and ranchers could provide to OTC in lieu of the Schedule F,” Murdock said. “After working with the tax commission, I’ve found these changes are working – there’s no backlog of producers getting their card, and denials are typically because the applicant hasn’t correctly filled out the form. However, we also learned the vast majority of the 110,000 ag sales tax exemption cards issued each year are renewals, so now we need a way to make the renewal process easier and more convenient.” Murdock said his proposal will include an additional option on the agricultural sales tax exemption application that will allow the farmer or rancher to check a box if the application is a renewal, as well as confirm there’s no change to the agricultural operation from the prior year. If there’s no change, the renewal will be automatic. Read more » by Jamison Faught - September 23, 2021 at 07:40PM

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