Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211


Agricultural News

Interim Studies on Ag Sales Tax Exemption Applications Highlight Problems- But Offer Few Solutions

Tue, 14 Sep 2021 05:49:34 CDT

Interim Studies on Ag Sales Tax Exemption Applications Highlight Problems- But Offer Few Solutions The State Legislature offered a double dip of information and discussion to the farm and ranch community on Monday on the topic of the Ag Sales Tax Exemption- as two Interim Study sessions were held back to back. The first was requested by State Senator Roland Pederson of Burlington- and that was followed by a second session by State Senator Casey Murdock of Felt.

After watching and hearing the testimony and question and answers that were offered in both interim study sessions- Steve Thompson, Senior Director for Public Policy at Oklahoma Farm Bureau, told Radio Oklahoma Ag Network Farm Director Ron Hays that it was a mixed bag of results- saying "there were pros and cons today- and that is reflective of this situation. I think it was very much a good thing that we were able to reenforce the problems that we have encountered with the Tax Commission- some of the changes that they implemented on their own early in the spring- we were able to focus on what they were and why we had to take things into our own hands and pass Senate Bill 422...and it also gave us a chance to highlight the problems we have encountered in getting that law implemented and how the system is still not working as it should."

Back in the spring of this year- a large coalition of ag groups came out in support of SB422, which passed easily in both the House and the Senate- and was signed into law by Governor Stitt. SB422 was supposed to give flexibility to farmers and ranchers who are applying for or renewing an agricultural sales tax exemption permit by providing several options to show proof of eligibility. In addition to applying for a permit through a county assessor, the bill allows applicants to qualify for the exemption by providing documentation from one of four categories including a federal tax form, a business description form, a USDA FSA program form or an Oklahoma Tax Commission-created form to verify they are involved in production agriculture. Since the law went into effect July first- the ag community believes little progress has been made in helping farmers have an easier way to verify their qualifications to obtain for the first time or to renew the Ag Sales Tax Exemption Card.

A good bit of the time in both sessions was spent by lawmakers and some of the witnesses talking about why the exemption is an absolute must for farmers and ranchers, who operate their busiensses on a razor thin level margin- and that exemption often provides the difference between profit and loss.

Thompson says that Farm Bureau and the other Ag Groups will continue their conversation with lawmakers and the Oklahoma Tax Commission to find the middle ground that will ensure that those who have a Ag Sales Tax Exemption Card deserve it- but that the process of qualifying for it is not so difficult that some farmers and ranchers may simply throw up their hands and have to suffer the financial consequences of paying a tax they don't owe.

Listen to Hays and Thompson review both Interim Study sessions by clicking on the LISTEN BAR below.

You can go back and watch both Interim Study sessions by clicking or tapping here.


Ron Hays talks with Steve Thompson of Oklahoma Farm Bureau on Ag Sales Tax Exemption Issues
right-click to download mp3


WebReadyTM Powered by WireReady® NSI


Top Agricultural News

  • Bryant Pecan Farm to Host Free Pecan Field Day in Ada, Okla  Fri, 17 Sep 2021 09:04:30 CDT
  • NASDA announces Ted McKinney as Chief Executive Officer  Fri, 17 Sep 2021 08:47:01 CDT
  • Friday Preopening Market Update with Dave Lanning  Fri, 17 Sep 2021 07:22:31 CDT
  • Feeder Steers and Heifers Mostly Steady, Steer and Heifer Calves Unevenly Steady at Woodward Livestock  Fri, 17 Sep 2021 05:19:13 CDT
  • Catch Up on the Latest from Blayne Arthur at the Oklahoma State Fair  Thu, 16 Sep 2021 18:55:24 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2 p.m. Thursday, September 16, 2021  Thu, 16 Sep 2021 16:15:15 CDT
  • Thursday, September 16, 2021, Market Wrap-Up with Justin Lewis  Thu, 16 Sep 2021 16:02:32 CDT
  • OSU's Kim Anderson Says 2021 Could be a Record Global Wheat Harvest Despite Losses  Thu, 16 Sep 2021 13:49:53 CDT

  • More Headlines...


    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Tulsa Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.


    Search OklahomaFarmReport.com

    © 2008-2021 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.