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OK SB1508

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Joseph Silk

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Adds a new sales tax exemption for commercial forestry service equipment sold to businesses engaged in logging, timber and tree farming.

  • Covered equipment includes forwarders, fellers, bunchers, track skidders, wheeled skidders, hydraulic excavators, delimbers, soil compactors and skid steer loaders.

  • Amends 68 O.S. 2011, Section 1357 to add paragraph 43 establishing the forestry equipment exemption.

  • Effective date is November 1, 2016.

Legislative Description

Sales tax; providing tax exemption for commercial forestry service equipment. Effective date.

Last Action

Second Reading referred to Finance

2/3/2016

Committee Referrals

Finance2/3/2016

Full Bill Text

No bill text available