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Bill > SB1851
OK SB1851
OK SB1851Sales tax; providing exemption for public trusts with a municipality beneficiary. Effective date.
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 1356, as last amended by Section 1, Chapter 392, O.S.L. 2025 (68 O.S. Supp. 2025, Section 1356), which relates to exemptions for governmental and nonprofit entities; providing exemption for public trusts in which a municipality is the beneficiary; updating statutory language; updating statutory references; and providing an effective date.
AI Summary
This bill amends existing law to provide a sales tax exemption for public trusts where a municipality is the beneficiary, meaning that sales made to such trusts will no longer be subject to sales tax. This change is part of a broader update to the list of governmental and nonprofit entities that are exempt from sales tax in Oklahoma, aiming to clarify and potentially expand these exemptions. The bill also includes an effective date of November 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
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=sb1851&Session=2600 |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1851%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB1851%20INT.PDF |
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