Senate Bill 1739 Summary

• Amends Section 1357.9 of Title 68 (Oklahoma Statutes) to clarify statutory references relating to sales tax exemptions for service transactions between related entities

• Replaces the phrase "Title 68 of the Oklahoma Statutes" with "this title" in two locations within the existing statute for consistency and clarity

• Maintains the existing exemption for service transactions among related entities, where "related entity" is defined by Section 267(b) of the Internal Revenue Code

• Preserves the requirement that exempt services and tangible property transferred as part of exempt services cannot be purchased for resale

• Becomes effective November 1, 2010