Bill
Bill > HB2946
OK HB2946
OK HB2946Revenue and taxation; sales tax exemptions; broadband; rebate claims; formula; effective date; emergency.
summary
Introduced
04/28/2021
04/28/2021
In Committee
05/17/2021
05/17/2021
Crossed Over
05/18/2021
05/18/2021
Passed
05/20/2021
05/20/2021
Dead
Signed/Enacted/Adopted
05/24/2021
05/24/2021
Introduced Session
2021 Regular Session
Bill Summary
An Act relating to revenue and taxation; amending 68 O.S. 2011, Section 1357, as last amended by Section 1, Chapter 241, O.S.L. 2019 (68 O.S. Supp. 2020, Section 1357), which relates to sales tax exemptions; providing for sales tax exemption with respect to certain equipment used for broadband access; providing exemption administered as rebate; defining term; requiring net increase in number of customers; prescribing requirements related to purchase of equipment; prescribing maximum total rebate amounts per year; providing for reserved rebate pool amounts based upon county population density; providing for computation of rebate amounts; providing for allocation formula with respect to rebate claims filed for certain period of time; providing for implementation of allocation formula based on recommendations of Rural Broadband Expansion Council; providing for termination of exemption based upon absence of formula; prescribing procedures with respect to filing of claims; requiring forms; requiring documentation; requiring Oklahoma Department of Commerce to prepare report; prescribing content of report; requiring filing of report with Governor, Speaker of the Oklahoma House of Representatives and President Pro Tempore of the Oklahoma State Senate; requiring website posting; providing for codification; providing an effective date; and declaring an emergency. SUBJECT: Revenue and taxation
AI Summary
This bill amends Oklahoma law to provide a sales tax exemption, administered as a rebate, for qualifying broadband equipment purchased by Internet service providers to expand broadband access in underserved or unserved areas of the state. The bill sets requirements for eligibility, including that the purchase results in a net increase in potential customers served. The total amount of rebates is capped at $42 million per year, with $31.5 million reserved for projects in counties with low population density and $10.5 million for projects in higher density counties. The rebate amounts will be computed based on the total eligible claims received. The bill also requires the Department of Commerce to report on the qualifying projects and broadband expansion resulting from the equipment purchases.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Approved by Governor 05/24/2021 (on 05/24/2021)
Official Document
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