{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-3202","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-3202","heading":"Exemptions","body":"\n\nThe tax imposed by Section 3201 of this title shall not apply\n\nto:\n\n1. Deeds recorded prior to the effective date of Sections 3201\n\nthrough 3206 of this title;\n\n2. Deeds which secure a debt or other obligation;\n\n3. Deeds which, without additional consideration, confirm,\n\ncorrect, modify or supplement a deed previously recorded;\n\n4. Deeds between husband and wife, or parent and child, or any\n\npersons related within the second degree of consanguinity, without\n\nactual consideration therefor, deeds between any person and an\n\nexpress revocable trust created by such person or such person’s\n\nspouse or deeds pursuant to which property is transferred from a\n\nperson to a partnership, limited liability company or corporation of\n\nwhich the transferor or the transferor’s spouse, parent, child, or\n\nother person related within the second degree of consanguinity to\n\nthe transferor, or trust for primary benefit of such persons, are\n\nthe only owners of the partnership, limited liability company or\n\ncorporation. However, if any interest in the partnership, limited\n\nliability company or corporation is transferred within one (1) year\n\nto any person other than the transferor or the transferor’s spouse,\n\nparent, child, or other person related within the second degree of\n\nconsanguinity to the transferor, the seller shall immediately pay\n\nthe amount of tax which would have been due had this exemption not\n\nbeen granted;\n\n5. Tax deeds;\n\n6. Deeds of release of property which is security for a debt or\n\nother obligation;\n\n7. Deeds executed by American Indians in approval proceedings\n\nof the district courts or by the Secretary of the Interior;\n\n8. Deeds of partition, unless, for consideration, some of the\n\nparties take shares greater in value than their undivided interests,\n\nin which event a tax attaches to each deed conveying such greater\n\nshare computed upon the consideration for the excess;\n\n9. Deeds made pursuant to mergers of partnerships, limited\n\nliability companies or corporations;\n\n10. Deeds made by a subsidiary corporation to its parent\n\ncorporation for no consideration other than the cancellation or\n\nsurrender of the subsidiary's stock;\n\n11. Deeds or instruments to which the State of Oklahoma or any\n\nof its instrumentalities, agencies or subdivisions is a party,\n\nwhether as grantee or as grantor or in any other capacity;\n\n12. Deeds or instruments to which the United States or any of\n\nits agencies or departments is a party, whether as grantor or as\n\ngrantee or in any other capacity, provided that this shall not\n\nexempt transfers to or from national banks or federal savings and\n\nloan associations;\n\n13. Any deed executed pursuant to a foreclosure proceeding in\n\nwhich the grantee is the holder of a mortgage on the property being\n\nforeclosed, or any deed executed pursuant to a power of sale in\n\nwhich the grantee is the party exercising such power of sale or any\n\ndeed executed in favor of the holder of a mortgage on the property\n\nin consideration for the release of the borrower from liability on\n\nthe indebtedness secured by such mortgage except as to cash\n\nconsideration paid; provided, however, the tax shall apply to deeds\n\nin other foreclosure actions, unless otherwise hereinabove exempted,\n\nand shall be paid by the purchaser in such foreclosure actions;\n\n14. Deeds and other instruments to which the Oklahoma Space\n\nIndustry Development Authority or a spaceport user, as defined in\n\nthe Oklahoma Space Industry Development Act, is a party; or\n\n15. Declarations to remove discriminatory restrictive covenants\n\npursuant to Section 2 of this act.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"f01a89cc3417ea07e5c15a00e77f5558f6d92a648d60c569437686b7e91dba6a","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-3201","next":"us-ok/okla.-stat.-tit.-68-68-3203"},"notice":"GroundRules: Original legal text. Not legal advice."}