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OK SB1515
Bill
AI Summary
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Amends 68 O.S. 2011, Section 1357 to add a new sales tax exemption for automobile parts core charges.
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Exempts that portion of gross receipts or proceeds derived from core charges when an article is traded in for purchase of a replacement article.
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If the article is not traded in, the sales tax applies to the full core charge amount.
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Effective date is November 1, 2012.
Legislative Description
Sales tax; providing exemption for portion of gross receipts or proceeds relating to core charges. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/7/2012
Committee Referrals
Finance2/7/2012
Full Bill Text
No bill text available