Bill > HB4304

This bill amends existing Oklahoma law to expand sales tax exemptions to include certain public trusts, specifically those organized under Section 176 et seq. of Title 60 of the Oklahoma Statutes where a municipality is the beneficiary of the trust. This means that sales made to or by such public trusts, under specific conditions, will now be exempt from sales tax, similar to exemptions already provided to governmental entities and other nonprofit organizations. The bill also clarifies that sales to contractors working on behalf of these public trusts will not be exempted, and it sets an effective date for these changes as November 1, 2026.