SB 1322 Summary

• Establishes a "Second Amendment Weekend Sales Tax Holiday" providing a sales tax exemption for sales of handguns, rifles, and shotguns during a three-day period beginning at 12:01 a.m. on the third Friday in August and ending at midnight on the following Sunday.

• Exempts sales of firearms from state sales tax imposed under Section 1354 of Title 68 of the Oklahoma Statutes during the designated holiday period.

• Extends the exemption to county and municipal sales taxes, requiring counties, authorities, cities, and towns to not impose sales tax on these firearm sales during the specified weekend.

• Sunsets the exemption on January 1, 2014, making it a temporary tax holiday rather than a permanent measure.

• Becomes effective July 1, 2010, with an emergency declaration to take effect upon passage and approval.