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Another question that frequently comes up in this discussion is “how big does my farm have to be to be considered a farm?” Since property taxes are handled at the local level rather than the federal level, the answer will vary from state to state. Generally speaking, there is no minimum acreage for farm tax exemption.

The homestead of any person in this State, not within any city or town, shall consist of not more than one hundred sixty acres of land, which may be in one or more parcels, to be selected by the owner.

How many acres must I farm to be considered eligible for the exemption permit? If the land is being actively farmed, there is no restriction on the number of acres that you are farming.

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.

Application for Agriculture Exemption Permit If you are farming for profit, you will be required to upload a copy of your 1040F or form 4835. If you are a start up farming operation, you will be required to upload your 3 year business plan.

How do I get a card showing I'm exempt from Oklahoma Sales Tax? The card is FREE. FIRST, you need a letter certifying you are eligible. Call the Oklahoma Department of Veteran's Affairs at 1-888-655-2838.

The Oklahoma nonprofit corporations will automatically be granted corporate tax exemption if the entity has already been given federal tax exempt status by the IRS (typically denoted as 501c3 status).

Many items are exempt from the tax, including most services, gasoline and other fuels, sales by selected nonprofits, the sale of newspapers and advertising space, residential utilities (exempt from state tax only), and sales to businesses that will resell the items.

To qualify for Homestead Exemption, you must own and occupy your property as of January 1. If you apply after March 15, the exemption goes into effect the following year. It's important to note that though a person may own multiple properties, Homestead Exemption can apply only to the one where you live.