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Bill > HB1471


OK HB1471

OK HB1471
Revenue and taxation; coin-operated vending devices; exemption; effective date.


summary

Introduced
02/03/2025
In Committee
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 1503.1, which relates to exemptions from coin-operated device licensing fees; providing exemption for certain coin-operated devices manufactured prior to specified date; and providing an effective date.

AI Summary

This bill amends Oklahoma's tax code to provide an additional exemption from licensing fees for certain coin-operated vending devices. Specifically, the bill adds a new exemption for coin-operated devices manufactured before January 1, 2000, that are designed for entertainment (such as games or music), cost fifty cents or less per play, and do not involve gambling. The bill carefully defines "gambling" as an outcome based purely on chance without requiring any physical or intellectual skill from the player. This exemption is added to existing exemptions for coin-operated devices owned by schools, churches, governmental entities, and those dispensing newspapers, periodicals, or postage stamps. The new provision will take effect on November 1, 2025, potentially providing relief for owners of older entertainment devices that meet the specified criteria.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

House A&B Finance Subcommittee Hearing (13:30:00 2/6/2025 Room 450) (on 02/06/2025)

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