OK HB1613

Amends Oklahoma Sales Tax Code (68 O.S. 2011, Section 1352) to establish a comprehensive definition of "bundled transaction" for taxation purposes

Defines "bundled transaction" as the retail sale of two or more distinct products sold for one nonitemized price, with specific exceptions for packaging, free products, and certain exempt/taxable product combinations

Clarifies that transactions with separately itemized prices on invoices, bills of sale, or other documentation are not considered bundled transactions

Adds a new subsection (f) to the definition of "sale" to include Internet sales of tangible personal property delivered to purchasers in Oklahoma by out-of-state vendors, regardless of whether the vendor has substantial nexus in the state

Effective date is July 1, 2013, with an emergency declaration allowing the act to take effect immediately upon passage and approval