This bill amends Section 1356 of Title 68 of the Oklahoma Statutes to introduce a new sales tax exemption for organizations that provide services to abused and neglected children. To qualify for this exemption, these organizations must submit specific documentation, including articles of incorporation and a notarized letter detailing their services. The bill also updates various statutory language and references for clarity, such as changing "handicapped" to "disabled" and updating the name of the "American Association of Museums" to the "American Alliance of Museums." Additionally, it specifies that exemptions apply to a range of organizations, including youth camps and health centers, provided they meet certain criteria.

Furthermore, the bill clarifies existing tax exemptions for nonprofit organizations under the Internal Revenue Code of 1986, particularly those that support state parks, educational institutions, and veterans. It establishes a framework for refund claims related to sales tax exemptions and sets limits on the total amount of refunds available. The bill aims to streamline the tax exemption process for nonprofit organizations while ensuring compliance with federal regulations, with an effective date set for November 1, 2025.

Statutes affected:
Introduced: 68-1356