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OK HB3069
Bill
Status
2/6/2012
Primary Sponsor
Joe Dorman
Click for details
AI Summary
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Amends the Oklahoma Quality Jobs Program Act (68 O.S. 2011, Section 3603) to add remanufacturing activities as an eligible "basic industry" regardless of whether they are described in the NAICS Manual.
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Modifies sales tax exemptions under 68 O.S. 2011, Sections 1357 and 1359 by updating references and clarifying definitions related to sales tax transactions.
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Establishes an effective date of July 1, 2012 for the amendments to the Quality Jobs Program Act and related tax provisions.
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Declares an emergency so the act takes effect immediately upon passage and approval rather than waiting for the standard effective date.
Legislative Description
Revenue and taxation; Oklahoma Quality Jobs Program Act; definitions; remanufacturing; sales tax; effective date; emergency.
Revenue and Taxation
Last Action
Title stricken
3/1/2012