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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
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to aircraft excise tax; amending 68 O.S. 2011, Section 6003, as last amended by Section 2, Chapter 276, O.S.L. 2018 (68 O.S. Supp. 2018, Section 6003), which relates to exemptions; providing for expiration of specified exemption under certain condition; and providing an effective date.
AI Summary
This bill amends the law regarding exemptions from the aircraft excise tax in Oklahoma. It provides that the exemption for aircraft with a selling price over $2.5 million that are transferred to a non-resident buyer for immediate out-of-state transfer will expire on July 1, 2022, unless reauthorized by the 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=2000 |
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