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Bill > HB1568

OK HB1568

OK HB1568
Revenue and taxation; sales tax; exemption; nonprofit entities; revenues; effective date; emergency.

summary

Introduced
02/06/2023
In Committee
04/03/2023
Crossed Over
03/14/2023
Passed
Dead
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)

Bill Topics

Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform
(1 Companion Bills)

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Document Type Source Location Created
State Bill Page http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1568&Session=2400 12/05/2023
State Bill Page http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1568&Session=2300 01/18/2023
Fiscal Note/Analysis - Senate: HB1568 ENGR FI http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/HB1568%20ENGR%20FI.PDF 04/03/2023
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20ENGR/hB/HB1568%20ENGR.PDF 03/14/2023
Fiscal Note/Analysis - House: Committee Substitute http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1568%20CS%20BILLSUM.PDF 03/08/2023
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLR/HFLR/HB1568%20HFLR.PDF 03/04/2023
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20COMMITTEE%20SUBS/HCS/HB1568%20CS.PDF 03/02/2023
Fiscal Note/Analysis - House: Sub Committee Recommendation http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1568%20SUBREC%20BILLSUM.PDF 02/28/2023
Sub Committee Recommendation http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20COMMITTEE%20SUBS/HCS/HB1568%20SUBREC.PDF 02/21/2023
Fiscal Note/Analysis - House: Proposed Committee Amendment (sub http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1568%20SUBAMD1%20BILLSUM.PDF 02/17/2023
Fiscal Note/Analysis - House: Introduced http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB1568%20INT%20BILLSUM.PDF 02/17/2023
HB1568 SUBAMD1 MARILYN STARK-MAH http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20COMMITTEE%20AMENDMENTS/House/HB1568%20SUBAMD1%20MARILYN%20STARK-MAH.PDF 02/16/2023
BillText http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/hB/HB1568%20INT.PDF 01/18/2023
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