Ad valorem taxation; expanding exceptions for listing and assessment requirement. Effective date.

SB 1210 modifies Oklahoma's property tax assessment rules for certain personal and agricultural properties. It expands exceptions to annual listing and assessment for household items (valued at 10% of home value) and business inventory, while updating how agricultural land and poultry production facilities are valued. Agricultural land use value now uses soil maps and income capitalization, and poultry facilities must follow specific depreciation schedules (10-year for real property, 5-year for personal property). These changes directly affect property owners, farmers, and poultry businesses by altering how their assets are taxed. The bill updates statutory language but does not create new taxes or exemptions.