House Bill 1864 amends the Oklahoma Sales Tax Code to introduce a new sales tax exemption for veterans who are residents of Oklahoma and have been honorably discharged from active service in any branch of the Armed Forces or the Oklahoma National Guard. This exemption allows these veterans to purchase certain tangible personal property or services without incurring sales tax, thereby providing them with financial relief. The bill also revises existing exemptions for disabled veterans and their surviving spouses, establishing specific limits on the amount of exempt sales per year for both non-vehicle and vehicle purchases, as well as for unremarried surviving spouses.

In addition to the new and revised exemptions for veterans, the bill outlines various other sales tax exemptions, including those related to electricity for enhanced oil recovery, intrastate charter and tour bus transportation, and sales of precious metals. It also grants the Tax Commission the authority to implement necessary rules and share information about eligible individuals with the Oklahoma Department of Veterans Affairs. The act is set to take effect on November 1, 2025, further emphasizing the state's commitment to supporting veterans and their families.

Statutes affected:
Introduced: 68-1357
Floor (House): 68-1357