HB2454 Summary

• Amends 68 O.S. 2011, Section 1356 to add a new sales tax exemption (paragraph 75) for specified clubs

• Provides exemption for sales of tangible personal property or services to clubs located in Oklahoma that are associated with a service club organization whose mission is to empower volunteers to serve communities and promote international understanding through Lions clubs

• Exemption applies to the state sales tax levied under Section 1350 et seq., consistent with existing exemptions for governmental and nonprofit entities

• Becomes effective November 1, 2014