HB3178 — Revenue and taxation; ad valorem; depreciation schedule; fair cash value; farm equipment and farm tractors; Oklahoma Tax Commission; effective date.

HB3178 — Revenue and taxation; ad valorem; depreciation schedule; fair cash value; farm equipment and farm tractors; Oklahoma Tax Commission; effective date. · Informed CitizenryHouse Bill 3178 updates how property taxes are calculated, specifically regarding certain types of agricultural machinery. The bill addresses the valuation process for farm equipment and farm tract…Open in Informed Citizenry