HB1967 Summary

• Adds new sales tax exemption for unremarried surviving spouses of Armed Forces members killed in action in Oklahoma, limiting exemption to $2,000 per year.

• Requires taxpayers claiming the exemption to provide written statement under oath to the Tax Commission upon request certifying sales amounts do not exceed the annual limit.

• Excess sales amounts above the $2,000 annual limit are treated as direct sales tax liability recoverable by the Tax Commission with penalty and interest.

• Takes effect July 1, 2013, with emergency declaration for immediate implementation.