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OK SB885
Bill
Status
3/9/2016
Primary Sponsor
Frank Simpson
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AI Summary
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Adds a new sales tax exemption (paragraph 76) for sales of tangible personal property or services to organizations primarily providing support and outreach to Armed Forces members and veterans to assist with successful reintegration with families and communities
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Qualifying organizations must be exempt from federal taxation under Internal Revenue Code Section 501(c)(3)
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Amends 68 O.S. 2011, Section 1356, which governs sales tax exemptions for governmental and nonprofit entities
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Effective date: November 1, 2016
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Passed the Oklahoma Senate on March 8, 2016
Legislative Description
Sales tax; providing exemption for sales to organization which provides certain support for members and veterans. Effective date.
Last Action
Second Reading referred to Appropriations and Budget
3/14/2016