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OK SB466
Bill
Status
2/2/2015
Primary Sponsor
Rick Brinkley
Click for details
AI Summary
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Adds new sales tax exemption (paragraph 75) for nonprofits exempt under Internal Revenue Code Section 501(c)(3) that provide school supplies to teachers through a nonprofit free store to help at-risk students in public schools.
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Exemption applies to tangible personal property or services provided by qualifying organizations designed to maximize academic potential of at-risk public school students through school supply distribution during the school year.
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Effective date: November 1, 2015.
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Committee on Finance approved bill as amended on February 17, 2015.
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Bill sponsored by Senator Brinkley and Representative Henke; amends Oklahoma Statutes Title 68, Section 1356.
Legislative Description
Sales tax; providing exemption for sales of school supplies by certain organization. Effective date.
Last Action
Title stricken
2/17/2015