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OK HB1610

Bill

Official Source

Status

Introduced

2/2/2015

Primary Sponsor

Ben Sherrer

Click for details

Origin

House of Representatives

2015 Regular Session

AI Summary

HB 1610 Summary

  • Adds two new exemptions to Oklahoma's sales tax code related to 68 O.S. 2011, Section 1357
  • Exempts the portion of gross receipts from automobile parts sales that constitutes core charges received as trade-in credits for the article purchased, with tax still due if the article is not traded in
  • Exempts sales of used tangible personal property sold at consignment auctions
  • Effective July 1, 2015, with an emergency clause allowing immediate implementation upon passage and approval

Legislative Description

Revenue and taxation; sales tax exemptions; automobile parts transactions; used personal property sold at consignment auction; effective date; emergency.

Motor Vehicles and Transportation

Last Action

Referred to Appropriations and Budget Revenue and Taxation Subcommittee

2/3/2015

Committee Referrals

Appropriations and Budget2/3/2015

Full Bill Text

No bill text available