This bill amends 68 O.S. 2021, Section 1358.1, which governs the proof of eligibility for the agriculture sales tax exemption in Oklahoma. The key change is the extension of the renewal period for agricultural exemption permits. Specifically, permits issued or renewed before the effective date of the act will be renewable every three years, while those issued or renewed on or after the effective date will be renewable every five years. This change aims to streamline the process for agricultural producers seeking tax exemptions.

Additionally, the bill outlines the requirements for obtaining an agricultural exemption permit, including the need for applicants to provide proof of eligibility through various forms, such as IRS tax documents or a business description form. It also specifies the responsibilities of vendors and permit holders regarding the sales tax exemption process, including penalties for misuse of the exemption. The act is set to take effect on November 1, 2025.