HB3540 Summary

• Amends 68 O.S. 2011, Section 1357 to add provisions related to sales tax exemptions for disabled veterans and authorized purchasers.

• Allows eligible disabled veterans (100% service-connected disability rating from VA) to qualify for sales tax exemptions on purchases up to $25,000 per year while living, or surviving spouses up to $1,000 per year if unmarried.

• Directs the Oklahoma Tax Commission to issue a separate exemption card upon request to spouses or household members authorized to make purchases on behalf of eligible veterans when the veteran is not present at the sale.

• Extends the existing veteran exemption to allow authorized representatives to make tax-exempt purchases without the veteran being physically present, streamlining the exemption process.

• Effective date: November 1, 2014.