The bill amends Section 1357 of the Oklahoma Sales Tax Code to introduce a new exemption for firearm and gun safety devices, which are defined as storage solutions and integral components that ensure firearms operate only for designated users. It also updates statutory references, specifically changing the exemption related to food stamp purchases from Section 2029 to Section 2036d of Title 7 of the United States Code. Additionally, the bill clarifies the definition of organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code by referencing amendments made in 1986.

Moreover, the bill makes technical adjustments to various exemptions, including those for telecommunications services and aircraft maintenance facilities. It specifies conditions for exemptions related to sales of machinery and tools for aircraft repair, and introduces additional exemptions for veterans, electricity used in oil and gas operations, and modular dwelling units. Notably, the exemptions for disabled veterans and their surviving spouses are capped at $25,000 and $1,000 per year, respectively. The bill aims to streamline the sales tax exemption process while ensuring compliance with current regulations, with an effective date of November 1, 2025.

Statutes affected:
Introduced: 68-1357
Floor (House): 68-1357
Floor (Senate): 68-1357
Engrossed: 68-1357
Amended And Engrossed: 68-1357
Enrolled (final version): 68-1357