The bill amends Section 1357 of the Oklahoma Sales Tax Code to introduce a new exemption for firearm and gun safety devices, while also updating statutory references and language for clarity and consistency. It replaces the outdated reference to the federal food stamp program, changing it from Section 2029 to Section 2036d of Title 7 of the United States Code. Additionally, the bill clarifies exemptions for organizations exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, ensuring that the language aligns with current standards.

In addition to the new exemption for firearm safety devices, the bill includes several other sales tax exemptions for various goods and services, such as modular dwelling units, tangible personal property for disabled veterans, and electricity used in enhanced oil recovery. The exemption for modular dwelling units is set at 45% of the total sales price, while sales for disabled veterans are capped at $25,000 per year, and $1,000 for unremarried surviving spouses. The effective date for these provisions is November 1, 2025, as the bill aims to provide financial relief and support for specific groups and industries while ensuring clarity in the legal language governing these exemptions.

Statutes affected:
Introduced: 68-1357