Tax on Horse Sales Proposed in Oklahoma

Oklahoma currently levies a sales tax of 8.357% on livestock, but horse sales are exempt.

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Oklahoma Governor Mary Fallin has proposed levying a sales tax on horse sales in that state. Opponents of the plan say eliminating the current horse sales tax exemption would cripple the state’s equine industry, which includes multiple breed national and world shows and their related horse auctions.

Fallin’s press secretary, Michael McNutt, said the state currently levies a sales tax of 8.357% on livestock, but horse sales are exempt. Lifting the exemption would contribute $1.3 million to the state’s general fund, McNutt said.

The contribution would help reduce a $1.5 billion deficit in the state’s budget.

However some of the plan’s opponents say extending the tax to horse sales will cause unintended consequences

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Written by:

Pat Raia is a veteran journalist who enjoys covering equine welfare, industry, and news. In her spare time, she enjoys riding her Tennessee Walking Horse, Sonny.

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