Bill > HB1972

This bill expands sales tax and income tax exemptions for disabled veterans in Oklahoma. Specifically, it removes the previous requirement that disabled veterans must have a 100% disability rating to qualify for sales tax exemptions, instead extending the exemption to all disabled veterans who have been honorably discharged from active military service and have a permanent service-connected disability. The bill allows these veterans to be exempt from sales tax on up to $25,000 worth of purchases per year, and also extends to surviving spouses who have not remarried. Additionally, the bill creates a new income tax exemption for these same disabled veterans, providing them with a full exemption from state income tax. The changes aim to provide broader financial support for veterans with service-connected disabilities by reducing their tax burden, with the new provisions set to take effect on November 1, 2025. The bill modifies existing tax codes to implement these expanded veteran-focused tax exemptions, reflecting a legislative effort to recognize and support disabled military service members.

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1972&Session=2600