OK SB1400

Consolidates and reorganizes sales tax exemptions for qualified aircraft maintenance and manufacturing facilities under paragraph 16 of Section 1357, combining previously separate provisions for computer/telecommunications equipment, construction materials, aircraft parts, and repair services into one unified exemption category

Qualified aircraft maintenance or manufacturing facility requirements include: construction costs exceeding $5,000,000, employment of at least 250 new full-time-equivalent employees (for new/expanding facilities), or at least 2,000 full-time-equivalent employees in the preceding year (for air common carrier facilities)

Exemptions cover computers, data processing equipment, telecommunications equipment (minimum $2,000,000 purchase), tangible personal property for facility construction/expansion, aircraft and aircraft parts, machinery, tools, supplies, and services for aircraft repair, remodeling, and maintenance

Deletes redundant exemption provisions previously listed separately as paragraphs 17, 20, and 28 in the existing statute, streamlining the tax code structure

Effective date: January 1, 2027