HB 1399 Summary

• Amends 68 O.S. 2011, Section 1364.1 to modify eligibility requirements for Oklahoma sales tax direct payment permits

• Establishes two categories of permit holders: businesses purchasing $800,000+ annually in taxable items and healthcare practitioners purchasing Medicare/Medicaid-reimbursable medical items and equipment

• Eliminates the $20 permit fee and allows quarterly reporting (instead of monthly) for qualifying healthcare practitioners owing $500 or less per month in taxes

• Specifies accounting methods for tracking exempt medical purchases using patient case numbers, insurance type, and item descriptions maintained separately from confidential patient records

• Effective July 1, 2013, with emergency clause for immediate implementation