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OK SB1337
Bill
AI Summary
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Exempts disaster preparedness supplies from state, county, and municipal sales tax during a 3-day period beginning at 12:01 a.m. on the first Friday in March and ending at midnight on the following Sunday
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Limits the exemption to items priced under $1,000 that qualify as disaster preparedness supplies under the Streamlined Sales and Use Tax Agreement
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Requires county and municipal sales taxes to conform to the state exemption, adding disaster preparedness supplies to existing exemptions for clothing and footwear
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Authorizes the Oklahoma Tax Commission to promulgate rules for implementing the exemption
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Effective date of November 1, 2016
Legislative Description
Sales tax; exempting certain disaster preparedness items from state and local tax; referencing specific definition; requiring conformity. Effective date.
Last Action
Second Reading referred to Finance
2/2/2016