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OK HB2310

Bill

Official Source

Status

Passed

5/24/2013

Primary Sponsor

Clark Jolley

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Amends 68 O.S. 2011, Section 1357 regarding sales tax exemptions in Oklahoma
  • Modifies the exemption for rolling stock (locomotives, autocars, and railroad cars) sold or leased by manufacturers for use by common carriers
  • Changes the exemption expiration date from July 1, 2014 to July 1, 2019
  • Applies to rolling stock used directly in public service by common carriers regardless of whether the purchaser is a public services corporation
  • Effective date: November 1, 2013

Legislative Description

Revenue and taxation; sales tax; modifying time period during which exemption for rolling stock is applicable; effective date.

Revenue and Taxation

Last Action

Approved by Governor 05/29/2013

5/24/2013

Committee Referrals

Appropriations and Budget5/14/2013

Full Bill Text

No bill text available