Opinion No. ( 1966 )

OPINION — AG — THE COUNTY TAX ASSESSOR AND COUNTY EXCISE BOARD MAY NOT ARBITRARILY REDUCE AD VALOREM TAXES TO A MINIMUM FIGURE, SUCH AS $1.00 PER PARCEL OR TRACT, ON LAND INTENDED FOR FUTURE INDUSTRIAL USE HELD BY A NON PROFIT CORPORATION. CITE: ARTICLE X, SECTION 5, ARTICLE X, SECTION 8, 68 O.S. 1961 2404 [68-2404], ARTICLE X, SECTION 9 (JEFF HARTMANN)