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OK SB744
Bill
AI Summary
SB 744 Summary
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Creates new sales and use tax sourcing rules for "advertising and promotional direct mail" and "other direct mail" based on delivery jurisdiction rather than seller location.
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Requires purchasers of direct mail to provide sellers with either a direct pay permit, exemption certificate, or delivery destination information to determine proper tax sourcing.
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Relieves sellers from tax collection and remittance obligations when purchasers provide proper documentation, with the purchaser responsible for reporting and paying applicable taxes instead.
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Modifies Section 1365.1 to allow all sellers (not just Models 1-3) to file simplified sales and use tax returns and exempts certain registered sellers from filing returns if they anticipate no taxable sales to Oklahoma.
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Becomes effective November 1, 2011.
Legislative Description
Streamlined sales and use tax; requiring certain purchasers to provide specified documentation; limiting liability of sellers under certain circumstances; modifying certain procedures for tax returns and remittance. Codification. Effective date.
Revenue and Taxation
Last Action
Third Reading, Measure failed: Ayes: 39 Nays: 46
4/26/2011