Taxes and Incentives

Freeport Law

(Art. 10, § 6A Okla. Const.) (68 O.S. § 2902.2)

Oklahoma’s “Freeport Exemption” refers to the Oklahoma Constitutional provision contained in Oklahoma Constitution Article 10, Section 6A relating to property moving through the state and exempt from taxation goods, wares and merchandise held for assembly, storage, manufacturing, processing or fabricating purposes if not for more than nine (9) months. This exemption must be filed with the county assessor by March 15th as other exemption applications.

All tangible personal property is reported to the County Assessor no later than March 15th of each year by filing Form 901 – Business Personal Property Rendition. A Form 901-F - Freeport Exemption Declaration must be filed with the rendition if any inventory is claimed as nontaxable pursuant to the Freeport exemption.

For more information, contact the Oklahoma Tax Commission at (405) 319-8200 or otcmaster@tax.ok.gov.

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