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OK SB1251
Bill
AI Summary
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Requires remote sellers (out-of-state sellers making sales via Internet, mail order, or catalog) to collect, report, and remit Oklahoma sales and use taxes at the rate of 4.5% on tangible personal property sold or brought into the state
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Applies only to remote sellers with gross annual receipts exceeding $1,000,000 in total U.S. remote sales in the preceding calendar year
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Aggregates gross receipts of related entities or those with ownership relationships designed to avoid the threshold requirement
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Repeals existing Oklahoma Statutes Sections 1354.1 through 1354.6 related to prior remote seller provisions
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Effective date of November 1, 2016
Legislative Description
Sales and use tax; providing provisions for levying tax on certain sales. Effective date.
Last Action
Referred to Appropriations and Budget Revenue and Taxation Subcommittee
3/14/2016