Bill
Bill > SB1995
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/03/2026
02/03/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to sales tax; amending 68 O.S. 2021, Section 1357, as last amended by Section 1, Chapter 391, O.S.L. 2025 (68 O.S. Supp. 2025, Section 1357), which relates to exemptions; providing sales tax exemption for certain entities; defining terms; requiring submission of application and verification to be eligible for exemption; requiring the Oklahoma Department of Agriculture, Food, and Forestry to prescribe form, verify applicants, and notify the Oklahoma Tax Commission upon verification; requiring the Commission to issue exemption card upon notification; authorizing the entity to resubmit application prior to expiration of exemption; prescribing reissuance of exemption card; authorizing the Department and the Commission to promulgate rules; updating statutory reference; updating statutory language; and providing an effective date.
AI Summary
This bill amends existing Oklahoma law to exempt certain bakery items sold at registered farmers markets from sales tax. To qualify for this exemption, entities must apply to the Oklahoma Department of Agriculture, Food, and Forestry, which will verify their eligibility and notify the Oklahoma Tax Commission. The Commission will then issue an exemption card, valid for two years, and entities can reapply before expiration. The Department and the Commission are authorized to create rules to implement these provisions, and the act will take effect on November 1, 2026.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee (on 02/03/2026)
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=sb1995&Session=2600 |
| Fiscal Note/Analysis - Senate: SB1995 INT FI | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB1995%20INT%20FI.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1995%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB1995%20INT.PDF |
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