Loading chat...

OK SB574

Bill

Status

Passed

4/13/2015

Primary Sponsor

Ralph Shortey

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • Amends Oklahoma's charity games tax law (3A O.S. 2011, Section 421) to exempt charitable healthcare organizations exempt under Internal Revenue Code Section 501(c)(3) from taxes on bingo faces, U-PIK-EM bingo games, breakopen ticket games, and other charity game equipment.

  • Amends the Oklahoma sales tax law (68 O.S. 2011, Section 1355) to add charitable healthcare organizations exempt under IRC Section 501(c)(3) to the existing exemptions for charity game equipment sold to veterans' organizations and group homes for mentally disabled individuals.

  • Establishes consistent tax treatment by extending the same exemptions that already applied to veterans' organizations and group homes to charitable healthcare organizations operating under federal 501(c)(3) tax-exempt status.

  • Becomes effective November 1, 2015.

Legislative Description

Charity games tax; providing exemption for certain charitable healthcare organizations; exempting certain sales from taxation. Effective date.

Last Action

Approved by Governor 04/10/2015

4/13/2015

Committee Referrals

Appropriations and Budget3/18/2015
Finance2/3/2015

Full Bill Text

No bill text available