The bill amends Section 1357 of the Oklahoma Sales Tax Code to introduce a new exemption for firearm and gun safety devices, aiming to enhance public safety by making these products more accessible. In addition to this new exemption, the bill updates various statutory references and language throughout the section to improve clarity and consistency in the law. It also modifies existing legal language, including updates to definitions and descriptions of certain exemptions, such as those related to food stamp programs and telecommunications services.

Moreover, the bill expands the scope of sales tax exemptions by including new categories, such as sales of tangible personal property at estate sales by unlicensed individuals, sales of electricity for specific oil and gas operations, and sales of modular dwelling units. It also provides exemptions for sales to disabled veterans and their surviving spouses, with specified annual limits. The bill replaces the reference to the NAICS code with the full term "North American Industry Classification System (NAICS)" and updates language regarding recovery fees on heavy equipment rentals. The act is scheduled to take effect on November 1, 2025, following its passage in the Senate on May 22, 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