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OK SB555
Bill
AI Summary
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Amends Oklahoma Statutes Section 6003 to modify aircraft excise tax exemptions under aircraft sales and use tax law.
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Agricultural spraying aircraft exemption expires July 1, 2022, unless reauthorized by the Oklahoma Legislature (previously had no specified expiration date).
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Rotary-wing aircraft exemption for training U.S. military personnel expires January 1, 2018.
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Maintains 18 existing exemption categories for aircraft including those owned by manufacturers, dealers, government entities, and aircraft transferred in corporate reorganizations or family transfers.
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Becomes effective November 1, 2017.
Legislative Description
Aircraft excise tax; time period during which certain exemption may be used. Effective date.
Last Action
Recommendation to the full committee; Do Pass Appropriations and Budget Finance Subcommittee
3/30/2017