SB1848 — Incentives; prohibiting certain districts from including the property of certain establishments in Local Development Act; excluding certain entities from ad valorem exemption. Effective date.

SB1848 — Incentives; prohibiting certain districts from including the property of certain establishments in Local Development Act; excluding certain entities from ad valorem exemption. Effective date. · Informed CitizenrySB1848 amends the Local Development Act (62 O.S. § 860) to restrict ad valorem tax incentives and exemptions. The law now prohibits granting such incentives or exemptions on property value assesse…Open in Informed Citizenry