Number Pages In Legal Oklahoma Sports Agents, Etc. Forms For Free

Agricultural News House Bill 1682, by Rep. Dustin Roberts, R-Durant, exempts from ad valorem taxes horses, cattle, mules, asses, sheep, swine, goats, poultry, and any other livestock.

Tax-exempt customers Some customers are exempt from paying sales tax under Oklahoma law. Examples include government agencies, some nonprofit organizations, and merchants purchasing goods for resale. Sellers are required to collect a valid exemption or resale certificate from buyers to validate each exempt transaction.

Common details listed on the Oklahoma resale certificate include the name (company or individual) and address of the buyer, a descriptive detail of the goods being purchased, a reference that this merchandise is intended to be resold and the accurate Oklahoma sales tax number.

(3)"Farming" or "ranching" means the production, harvesting or processing of agricultural products. (4)"Livestock" means cattle, horses, sheep, goats, asses, mules, swine and also chickens, turkeys, and other domesticated fowl. It also includes American bison, emus, ostriches and llamas.

Nearly all items used in production agriculture are exempt from sales tax in the state including seed, feed, fertilizer, livestock pharmaceuticals and farm machinery.

A sales tax permit authorizes a business to collect and remit sales tax on taxable sales of products and services, as required by law. A seller's permit isn't the same as a resale certificate. A resale certificate allows a business to make tax-free purchases of taxable goods they plan to resell.