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OK SB1301
Bill
Status
2/6/2012
Primary Sponsor
Frank Simpson
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AI Summary
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Extends the existing sales tax exemption (paragraph 34 of 68 O.S. 2011, Section 1357) to include surviving spouses of 100% disabled veterans if the spouse has not remarried.
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Maintains the annual sales exemption limit of $25,000 for living disabled veterans while establishing a separate $6,000 annual limit for unremarried surviving spouses.
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Requires persons claiming the exemption to provide sworn statements to the Tax Commission certifying that total exempt sales do not exceed the applicable annual limits, with unpaid taxes treated as direct sales tax liabilities.
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Effective date: November 1, 2012.
Legislative Description
Sales tax; extending exemption for certain disabled veterans to surviving spouse under certain conditions. Effective date.
Revenue and Taxation
Last Action
Pending coauthorship Senator(s) Allen, Barrington, Childers, David, Garrison, Johnson (Constance), Ivester, Shortey
2/9/2012