OTC 901-F                                       State of Oklahoma 
Tax Year 2024      Freeport Exemption Declaration
   Revised 12-2023 Return to County Assessor - Filing Date: January 1 - March 15

NAME AND ADDRESS                                USE CURRENT YEAR FORM
                                                                                                                     School
Firm Name: ________________________________________________________________________  
                                                                                                                     District
Property Address:  ___________________________________________________________________
Mailing Address:  ____________________________________________________________________
Phone Number:   _______________________   Email Address:  ______________________________
   This is a statement of goods, wares, and merchandise exempt from taxation under Article X, Section 6A of the Oklahoma Constitution.
   Please note that inventory costs must include raw material, work in progress, finished goods, consigned and floor planned merchandise.
COST OF GOODS SOLD
1  Beginning inventory in Oklahoma ..................................................................   $
2  Add:  Total purchases for Oklahoma inventory ..............................................   $
3  Add:  Incoming freight charges related to line 2 ............................................   $
4  Add:  Other cost (work in process, labor, and/or other related overhead) .....   $
5  Less:  Ending inventory in Oklahoma ............................................................   $
6  Cost of goods sold (Sum of lines 1, 2, 3, and 4 - minus line 5)  ....................   $
AVERAGE INVENTORY
7  Monthly Inventory (Enter 0 for the months with no Inventory)
    January        February                     March          April                                        May      June
    July           August                       September      October                                      November December

8  Total Inventory (Sum of the preceding months) .............................................   $
9  Average Inventory (line 8 divided by number of months in Oklahoma) .........   $
10 Inventory turns per year (line 6 divided by line 9) ..........................................  
11 Months required for turnover (number of months in Oklahoma divided by line 10) ..  
   Note: If line 11 is more than 9.0, the exemption is not allowed.
PURCHASES FOR OKLAHOMA INVENTORY
12 Total purchases for Oklahoma inventory (from line 2) ...................................   $
13 Less:  Inventory purchases from Oklahoma vendors ....................................   $
14 Inventory purchased from out-of-state vendors .............................................   $
15 Percent of out-of-state purchases (line 14 divided by line 12).......................   $
SALES FROM OKLAHOMA INVENTORY
16 Total sales from Oklahoma inventory ............................................................   $
17 Less:  Sales within Oklahoma .......................................................................   $
18 Sold and shipped out-of-state........................................................................   $
19 Percent of out-of-state sales (line 18 divided by line 16) ...............................   $
FREEPORT EXEMPTION
20 Average inventory (from line 9) .....................................................................   $
21 Less:  Amount exempt (lower of line 15 or line 19 x line 20) .........................   $
22 Inventory amount not exempt ........................................................................   $

All the above described property is located in  _______________________ County, Oklahoma. 
I, the undersigned officer of the above named company, corporation, or business concern do hereby declare under oath as provided by Oklahoma 
Statutes that the above schedule and statements have been examined by me and to the best of my knowledge and belief is a true and complete return, 
made in good faith, for the taxable year stated.
✍ Signature  ___________________________________________ Title  ________________________________________Date  _______________

Form 901-F
Page 2
                Freeport Exemption
                Article X, Section 6A, Oklahoma Constitution

                Tangible Personal Property Moving through the State

All property consigned to a consignee in this State from outside this State to be forwarded to a point 
outside this State, which is entitled under the tariffs, rules, and regulations approved by the Interstate 
Commerce Commission to be forwarded at through rates from the point of origin to the point of desti-
nation, if not detained within this State for a period of more than ninety (90) days, shall be deemed to 
be property moving in interstate commerce, and no such property shall be subject to taxation in this 
State; provided, that goods, wares and merchandise whether or not moving on through rates, shall be 
deemed to move in interstate commerce, and not subject to taxation in this State if not detained more 
than nine (9) months where such goods, wares and merchandise are so held for assembly, storage, 
manufacturing, processing or fabricating purposes; provided, further, that personal property con-
signed for sale within this State must be assessed as any other personal property.

          Added by State Question No. 443, adopted at election held Sept. 17, 1968.

                Article 10, Section 22A

No person, firm, corporation or other legal entity shall be allowed to file for any ad valorem tax exemp-
tion provided for in Article X of the Oklahoma Constitution, for any year or years prior to the person, 
firm, corporation or legal entity filing their original application for said exemption with the county as-
sessor. Eligibility for the applicable exemption shall be established as required by law. The legislature 
may pass any additional laws that may be required to implement the provisions of this section.

          Added by State Question No. 741, adopted at election held November 4, 2008.

                68 O.S. Section 2902.2

Any person, firm, or corporation claiming the exemption provided in Section 6A of Article X of the 
Oklahoma Constitution shall file an application with the county assessor for each year for which the 
exemption is claimed.  The application shall be on a form prescribed by the Oklahoma Tax Commis-
sion and shall be filed on or before March 15 or within 30 days from and after receipt of taxpayer 
notice of valuation increase, whichever is later.  Applications must be filed in the year in which the 
exemption is requested.  Claims filed for previous years shall be declared null and void.  Eligibility 
for the exemption shall be established by annually filing an affidavit with the county assessor stating 
that the property qualifies for exemption pursuant to the provisions of Section 6A of Article X of the 
Oklahoma Constitution and such other information as may be required by the Tax Commission or the 
county assessor.

                SB 521, adopted March 29, 2000, with emergency.

                See: Attorney General Opinion: 03-23, Date of Filing.

                See: Attorney Opinion: 13-24, Date of Filing.