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Bill > SB131
OK SB131
OK SB131Aircraft excise tax; providing for expiration of certain exemption under specified circumstances. Effective date.
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/05/2019
02/05/2019
Crossed Over
Passed
Dead
05/23/2019
05/23/2019
Introduced Session
2019 Regular Session
Bill Summary
Aircraft excise tax; providing for expiration of certain exemption under specified circumstances. Effective date.
AI Summary
This bill amends the existing law to provide for the expiration of a certain exemption from the aircraft excise tax under specified circumstances. Specifically, the bill states that the exemption for aircraft with a selling price in excess of $2.5 million that are transferred to a non-resident purchaser for immediate transfer out of state will expire on July 1, 2022, unless reauthorized by the Oklahoma Legislature. The bill also sets an effective date of November 1, 2019.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Finance (on 02/05/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb131&Session=1900 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/SB/SB131%20INT.PDF |
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