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OK SB1783
Bill
Status
2/1/2010
Primary Sponsor
Richard Lerblance
Click for details
AI Summary
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Amends Oklahoma Sales Tax Code to add a new exemption for tangible personal property and services used to construct fuel stations designed for compression and delivery of compressed natural gas (CNG) into motor vehicle fuel tanks.
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The exemption applies to materials, equipment, and services directly incorporated into or consumed in the construction of CNG fuel station facilities.
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Exemption becomes effective November 1, 2010.
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Adds this as paragraph 42 to existing Section 1357 of Title 68 O.S. 2001, which lists specific categories of sales and services exempt from Oklahoma sales tax.
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Designed to incentivize development of natural gas fueling infrastructure for vehicles powered by compressed natural gas.
Legislative Description
Revenue and taxation; providing sales tax exemption for property and services related to construction of certain fuel stations. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/2/2010