OK HB2586

Amends Oklahoma sales tax code (68 O.S. 2011, Section 1352) to define "bundled transactions" and establish when distinct products sold together are taxable, with exceptions for essential services, de minimis taxable items (10% or less), and specific exempt products.

Modifies "maintaining a place of business in this state" definition to include vendors with substantial in-state presence through affiliated persons, similar business operations, trademarks, delivery services, or activities significantly associated with establishing/maintaining markets in Oklahoma, with presumptions rebuttable by vendors.

Requires vendors selling to state agencies to register with the Tax Commission and comply with all sales/use tax requirements; voids any prior agreements exempting warehouses or distribution centers from tax obligations unless specifically approved by both houses of the Oklahoma Legislature.

Amends use tax provisions (68 O.S. 2011, Section 1401) to broaden retailer definitions to include out-of-state vendors with ownership interests in Oklahoma retailers or distribution facilities, and expands nexus standards for mail/internet/telephone sales.

Repeals Section 1354.1 (prior provisions relating to out-of-state vendor sales tax requirements) and takes effect July 1, 2012, with emergency clause for immediate implementation.