This bill amends Section 1358 of Title 68 of the Oklahoma Statutes, which pertains to agricultural sales tax exemptions. The key modification includes the expansion of the livestock exemption to specifically include cervidae, which are members of the deer family. This change allows for the sale of cervidae by producers to be exempt from sales tax, aligning it with existing exemptions for other types of livestock such as cattle and horses.

The bill also clarifies definitions related to agricultural products and ranching, ensuring that horses are recognized as agricultural products and that ranching encompasses the business of raising horses. The effective date for these changes is set for November 1, 2025.