Bill > HB1864

This bill amends Oklahoma's sales tax code to expand and clarify sales tax exemptions for veterans with disabilities. Specifically, the bill modifies the existing exemption for disabled veterans by creating separate purchase limits for vehicle and non-vehicle purchases. Veterans who have been honorably discharged and certified as having a 100% permanent disability can now receive up to $25,000 in tax-exempt non-vehicle purchases per year, and a separate exemption of up to $20,000 for vehicle purchases, with the vehicle exemption limited to once every five years. The exemption also extends to the surviving spouse of such a veteran if the veteran has passed away, with a more limited annual exemption of $1,000. The bill requires veterans or their representatives to provide documentation and attest to not exceeding these exemption limits, and allows the Tax Commission to recover taxes if the limits are exceeded. The provisions will become effective on November 1, 2025, providing a clear timeline for implementation of these new veteran sales tax exemption rules.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1864&Session=2600