Any person who misuses their permit is subject to a $500 penalty from the tax commission per instance. To use the exemption, farmers and ranchers must obtain a permit card issued by the Oklahoma Tax Commission and use it when they purchase tax-exempt items for their farm or ranch. Oklahoma’s exemption maintains a level playing field for our agricultural producers, ensuring our farmers and ranchers can compete on a national – and international – level. Our neighboring states provide sales tax exemptions to farmers and ranchers. Instead, the products Oklahoma agriculturalists produce go on to be taxed at the retail level when consumers purchase food and other items using farm and ranch products. The state agriculture sales tax exemption ensures the costly inputs needed can be purchased without the unnecessary burden of a sales tax. Oklahoma agricultural producers take on tremendous risk to raise the healthy and affordable food and fiber on which we depend. Using natural resources and their own labor. Like manufacturers, agricultural producers purchase these inputs – often in bulk – to create value Inputs to grow and raise the agricultural products our world relies upon. Oklahoma farmers and ranchers purchase a wide array of Nearly all items used in production agriculture are exempt from sales tax in the state including seed, feed, fertilizer, livestock pharmaceuticals and farm machinery. One of Oklahoma Farm Bureau’s very first policy priorities in 1942, the state sales tax exemption on agricultural inputs is a crucial business tool for Oklahoma farmers and ranchers.
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