OK SB474

Requires businesses to obtain a separate sale for resale exemption permit from the Oklahoma Tax Commission for each business operated in the state, available at no charge.

Permits a business with multiple locations to operate under one sale for resale permit and allows the Tax Commission to provide electronic or other access methods to permits.

Makes it unlawful for Group One, Two, Three, or Four vendors to claim sale for resale exemptions without a valid permit, with violations punishable as a misdemeanor with fines up to $1,000.

Requires all sale for resale permits to expire at 11:59 p.m. on June 30 following the issuance date.

Authorizes the Tax Commission to develop an electronic system allowing sellers to verify permit validity free of charge, with verified permits creating a presumption of valid sale for resale exemption.

Effective date: June 1, 2026.