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OK SB683
Bill
AI Summary
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Adds a new sales tax exemption (paragraph 76) for nonprofit organizations exempt under Internal Revenue Code Section 501(c)(3) that provide school supplies to at-risk public school students through a nonprofit free store for teachers.
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The exemption applies to sales of tangible personal property or services to or by qualifying organizations organized specifically to maximize academic potential of at-risk students enrolled in Oklahoma public schools.
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The exemption is limited to school supplies distributed during the school year through the nonprofit free store model for teachers.
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Effective date: November 1, 2017.
Legislative Description
Sales tax; providing exemption for sales to and by certain organization which provides school supplies. Effective date.
Last Action
Coauthored by Representative Henke (principal House author)
2/21/2017