OK SB627

Adds new paragraph 34 to Oklahoma sales tax exemptions for disabled veterans certified by the U.S. Department of Veterans Affairs as receiving 100% permanent disability compensation due to military service or accident.

Exempts eligible disabled veterans and their unremarried surviving spouses from sales tax, capped at $25,000 per year per living veteran and $1,000 per year for unremarried surviving spouses.

Allows Oklahoma Tax Commission to issue separate exemption cards to authorized household members or spouses who purchase on the veteran's behalf.

Requires persons claiming the exemption to provide a sworn statement to the Tax Commission confirming total exempt sales do not exceed the annual limits; excess sales taxed as direct liability recoverable with penalties and interest.

Adds new paragraph 43 creating similar $25,000 annual exemption for Purple Heart recipients and their unremarried surviving spouses, limited to $1,000 per year for surviving spouses, effective July 1, 2015.