This bill establishes a requirement for businesses in Oklahoma to obtain a separate sale for resale exemption permit from the Oklahoma Tax Commission in order to utilize the sales tax exemption for resale purchases. The permits will be issued at no charge upon proper application and verification by the Commission, and businesses with multiple locations can operate under a single permit. The bill also mandates that all vendors must honor valid permits and prohibits certain vendors from claiming the exemption without a permit. Violating this provision will result in a misdemeanor charge, punishable by a fine of up to $1,000. Additionally, the permits will expire on June 30 following their issuance.

The bill further authorizes the Oklahoma Tax Commission to develop an electronic system for verifying the validity of sale for resale permit numbers, allowing sellers to confirm permits free of charge. This verification will create a presumption that sales made with verified permits are valid for the resale exemption. The effective date for this legislation is set for June 1, 2026.