Loading chat...
OK HB1635
Bill
Status
2/2/2015
Primary Sponsor
Ann Coody
Click for details
AI Summary
-
Increases the annual sales tax exemption for unremarried surviving spouses of deceased 100% disabled veterans from $1,000 to $2,000 per year.
-
Authorizes a new $2,000 annual sales tax exemption for unremarried surviving spouses of individuals killed in action in the Armed Forces of the United States or Oklahoma National Guard, certified by the U.S. Department of Veterans Affairs.
-
Requires taxpayers claiming either exemption to provide a statement under oath upon request from the Tax Commission certifying that exempt sales do not exceed the annual limits.
-
Imposes penalties for exceeding exemption limits, with excess sales tax treated as a direct tax liability recoverable by the Tax Commission with interest and penalties.
-
Effective July 1, 2015, with an emergency declaration for immediate implementation.
Legislative Description
Revenue and taxation; sales tax exemptions; spouses of deceased disabled veterans and individuals killed in action; effective date; emergency.
Revenue and Taxation
Last Action
Second Reading referred to Rules
2/3/2015