Okla. Stat. tit. 68, § 68-2902.1

2902.

In order to administer subsection C of Section 2902 of this

title, the following dates and activities shall apply:

1. Any person, firm or corporation claiming the exemption

herein provided pursuant to subsection C of Section 2902 of this

title shall file, each year for which the exemption is claimed, an

application therefor with the county assessor of the county in which

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1243

the new, expanded or acquired facility is located. Such application

shall be on a form or forms prescribed by the Oklahoma Tax

Commission and shall be filed before July 1, 1993; and, thereafter

subsequent years of application for the exemption shall be filed on

or before March 15 of the calendar year in which the facility

desires to take the exemption.

Provided, for those person, firms or corporations qualifying

pursuant to subsection C of Section 2902 of this title, the

exemption from ad valorem taxes shall continue in effect for the

four (4) following years upon application as long as all

requirements in subsection C of Section 2902 of this title are met;

and

2. Such application shall be examined by the county assessor

and approved or rejected by the county assessor in the same manner

as provided by law for approval or rejection of claims for homestead

exemptions. Any applicants rejected by the county assessor whose

applications were received before July 1, 1993, may protest any

rejection to the county equalization board which shall conduct

hearings to protest in the manner prescribed pursuant to Title 68 of

the Oklahoma Statutes. In the event the county equalization board

has adjourned and so is unable to conduct a review of the county

assessor’s rejection in tax year 1993, the board shall hear the

protest in 1994. Provided, applicants must appeal within thirty

(30) days of rejection. The applicant shall not be required to pay

the tax until appeal is heard by the county equalization board. In

the event payment is determined to be due by the county equalization

board, the company shall pay said tax, but no interest or penalty

shall be assessed or due. Approved applications shall be filed by

the county assessor with the Tax Commission no later than August 1,

1993. Incomplete applications and applications filed after such

date will be declared null and void by the Tax Commission.