HB2239 Summary

• Amends the Oklahoma Quality Jobs Program Act to include remanufacturing activity as a qualifying basic industry, regardless of whether it is described in the NAICS Manual.

• Modifies the definition of "manufacturing" in the Oklahoma Sales Tax Code to explicitly include remanufacturing activities and clarifies that manufacturing operations are not required to maintain raw materials or finished goods inventory to qualify.

• Provides a sales tax exemption for remanufacturing activities defined or classified under NAICS Industry Sector Nos. 31, 32, and 33.

• Effective July 1, 2013, with an emergency clause allowing the act to take effect immediately upon passage and approval.