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OK SB2116
Bill
Status
2/1/2010
Primary Sponsor
Kenneth Corn
Click for details
AI Summary
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Adds a sales tax exemption for the American Legion, Oklahoma Chapters, as a veterans' organization chartered by Congress in 1919 and exempt under Internal Revenue Code Section 501(c)(19)
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The American Legion qualifies based on being organized into departments in all 50 states with at least 14,000 posts worldwide
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Amends Section 1356 of Title 68 (Oklahoma Sales Tax Code) to add this as exemption number 75 to the existing list of governmental and nonprofit entity exemptions
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The exemption covers both sales of tangible personal property or services to the organization and sales by the organization
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Effective date: November 1, 2010
Legislative Description
Revenue and taxation; providing exemption from sales tax for certain veterans organization. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/2/2010