OK SB1867

Expands sales tax exemption for machinery, equipment, and electricity purchased by establishments primarily engaged in computer services and data processing (SIC 7372, 7373, 7374 and corresponding NAICS codes).

Exemption applies to establishments deriving at least 50% annual gross revenues from out-of-state sales for SIC 7372/7373, and at least 80% for SIC 7374 and new NAICS Industry No. 541513.

Adds exemption for sales of machinery and equipment incorporated in construction or expansion of facilities for qualifying establishments (before January 1, 2020), with exemption extended to contractors/subcontractors with contractual relationships.

Clarifies that exempt sales include machinery, equipment, and electricity used in operations for all qualifying computer services establishments.

Becomes effective November 1, 2014.