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Bill > HB1406
OK HB1406
OK HB1406Revenue and taxation; sales tax exemptions; disabled veterans; spouse and guardian; effective date.
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 revenue and taxation; 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 sales tax exemptions; modifying sales tax exemption to disabled veterans to include spouse or guardian; and providing an effective date.
AI Summary
This bill modifies the sales tax exemption for disabled veterans to expand the provision to include their spouse or guardian. Currently, the law provides a sales tax exemption for disabled veterans who have been honorably discharged and certified as receiving 100% disability compensation from military service. The bill now allows the current living spouse or guardian of such a disabled veteran to also claim this exemption. The exemption remains limited to $25,000 per year while the disabled veteran is living, and $1,000 per year for an unremarried surviving spouse. The bill also clarifies that if a disability determination is not finalized until after a veteran's death, the surviving spouse can still claim the exemption. This change aims to provide additional financial support to disabled veterans and their immediate families by extending the existing tax relief. The bill will become effective on November 1, 2025.
Sponsors (1)
Last Action
Second Reading referred to Rules (on 02/04/2025)
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=hb1406&Session=2600 |
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1406&Session=2500 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB1406%20INT.PDF |
| BillText | https://www3.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB1406%20INT.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2025-26%20INT/hB/HB1406%20INT.PDF |
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