Bill
Bill > SB238
summary
Introduced
02/03/2025
02/03/2025
In Committee
02/04/2025
02/04/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
An Act relating to sales tax; amending 68 O.S. 2021, Section 1357, as last amended by Section 4, Chapter 363, O.S.L. 2024 (68 O.S. Supp. 2024, Section 1357), which relates to exemptions; providing exemption for sales of ammunition; defining term; updating statutory references; updating statutory language; and providing an effective date.
AI Summary
This bill amends Oklahoma's sales tax code to create a new exemption for sales of firearm ammunition. Specifically, the bill adds a provision to Section 1357 of Title 68 of the Oklahoma Statutes that exempts the sale of ammunition from sales tax. The bill defines "firearm" as a gun, rifle, pistol, or shotgun for the purposes of this exemption. This means that when someone purchases ammunition for a qualifying firearm, they will no longer have to pay sales tax on that purchase. The exemption will take effect on November 1, 2025, giving retailers and tax authorities time to prepare for the change. By removing the sales tax on ammunition, the bill aims to reduce the overall cost of purchasing ammunition for gun owners in Oklahoma. The bill appears to be part of a broader effort to make firearm-related purchases more affordable or accessible to residents of the state.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee (on 02/04/2025)
Official Document
bill text
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bill summary
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bill summary
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