The bill amends Section 1356 of Title 68 of the Oklahoma Statutes to enhance tax exemptions for governmental and nonprofit entities, particularly focusing on organizations that provide clothing or supplies to certain students. It requires these organizations to submit specific documentation to qualify for the exemption. The bill also updates statutory language for clarity, including the insertion of "the" before "U.S.A." in reference to the Girl Scouts and changing "Association" to "Alliance" concerning museums. It clarifies exemption criteria for various organizations related to education, health, and cultural activities while maintaining strict guidelines to prevent misuse of the exemptions.

Additionally, the bill introduces new criteria for qualifying organizations under the Internal Revenue Code of 1986, including those engaged in fundraising, providing educational services related to health, and supporting veterans. It specifies documentation requirements for tax exemption eligibility and outlines exemptions for sales related to disaster recovery, education, and community services. The bill also includes provisions for refund processes for sales tax paid by qualifying organizations, with a cap on total refunds, and updates terminology for clarity. Overall, these changes aim to streamline tax exemptions while promoting compliance and supporting various sectors, with the act set to take effect on November 1, 2025.

Statutes affected:
Introduced: 68-1356
Floor (House): 68-1356
Floor (Senate): 68-1356
Engrossed: 68-1356
Amended And Engrossed: 68-1356
Enrolled (final version): 68-1356