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OK HB2086
OK HB2086Revenue and taxation; sales tax; groceries; duration of exemption; local sales taxes; effective date; emergency.
summary
Introduced
02/06/2023
02/06/2023
In Committee
02/07/2023
02/07/2023
Crossed Over
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2023 Regular Session
Bill Summary
An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 1352, which relates to definitions; defining terms; exempting from sales tax the sale of food and food ingredients; limiting duration of exempt treatment; providing for effect of exemption on sales or excise tax levied by local taxing jurisdictions; authorizing Oklahoma Tax Commission to promulgate rules; providing for codification; providing an effective date; and declaring an emergency.
AI Summary
This bill amends the Oklahoma Sales Tax Code to define key terms, including "food and food ingredients," and establish a 0% state sales tax on the retail sale of food and food ingredients for human consumption off the premises until June 30, 2027. The bill also provides that any existing local sales taxes on food and food ingredients will remain in effect, and authorizes the Oklahoma Tax Commission to promulgate rules to implement the provisions of the bill. The bill has an emergency clause and will take effect on July 1, 2023.
Sponsors (3)
Last Action
Second Reading referred to Rules (on 02/07/2023)
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=hb2086&Session=2400 |
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2086&Session=2300 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/hB/HB2086%20INT.PDF |
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