{"data":{"id":"us-ok/okla.-stat.-tit.-62-62-884","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 62, § 62-884","heading":"Ad valorem tax exemption - Effect on school state aid","body":"Pursuant to the provisions of Section 6C of Article X of the\n\nOklahoma Constitution, a municipality or county may provide an\n\nexemption from ad valorem taxes in a housing reinvestment district\n\npursuant to the provisions of this act. A school district or taxing\n\nentity other than a municipality or county may provide an exemption\n\nfrom ad valorem taxes in a housing reinvestment district pursuant to\n\nthe provisions of this act through a contractual arrangement with\n\nthe municipal or county governing body. The loss of revenue to a\n\nschool district from any such exemption from ad valorem taxes shall\n\nbe borne by the school district and such exempted revenue shall be\n\ntreated as being received by the school district for purposes of\n\ncomputation of the school district’s state aid pursuant to the\n\nprovisions of Article 18 of Title 70 of the Oklahoma Statutes.","path":["OK Code","Title 62"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os62.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"46cb9428dad74c7223379e088c36d0ee7902600e70650a153257f05f5b74cfae","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-62-62-883","next":"us-ok/okla.-stat.-tit.-62-62-885"},"notice":"GroundRules: Original legal text. Not legal advice."}