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Bill > HB4340
OK HB4340
OK HB4340Revenue and taxation; sales tax; exemptions; frack water; effective date; emergency.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/06/2026
02/06/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to revenue and taxation; 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 general sales tax exemptions; providing sales tax exemption for sales of frack water; prohibiting exemption from applying in certain circumstances; defining term; providing an effective date; and declaring an emergency.
AI Summary
This bill amends existing Oklahoma law to create a sales tax exemption for "frack water," which is defined as water (including fresh, brackish, or produced water) sold for use in hydraulic fracturing or other well completion or stimulation operations related to oil and gas exploration, drilling, or production. This exemption specifically applies only to the water used directly in these operations and not for any other purpose. The bill also specifies an effective date of July 1, 2026, and declares an emergency, meaning it will take effect immediately upon passage and approval.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Referred to Appropriations and Budget Natural Resources Subcommittee (on 02/06/2026)
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=hb4340&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB4340%20INT.PDF |
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