Bill
Bill > HB1568
OK HB1568
OK HB1568Revenue and taxation; sales tax; exemption; nonprofit entities; revenues; effective date; emergency.
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/03/2023
04/03/2023
Crossed Over
03/14/2023
03/14/2023
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2023 Regular Session
Bill Summary
revenue - taxation - sales tax - nonprofits - gross revenues - treatment - alcohol - tobacco - effective date - emergency
AI Summary
This bill exempts certain nonprofit organizations from paying sales tax on the purchase of tangible personal property or services. The exemption applies to nonprofit entities with gross revenues not exceeding $3 million per year, and does not apply to the purchase of alcohol or tobacco. The bill also includes an emergency clause, making it effective immediately upon passage. Overall, the bill aims to provide sales tax relief to smaller nonprofit organizations in Oklahoma.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
Referred to Appropriations (on 04/03/2023)
Official Document
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