The bill amends the Oklahoma Sales Tax Code, specifically Sections 1357 and 1357.5, to enhance and consolidate exemptions related to aircraft maintenance and manufacturing facilities. It introduces new exemptions for sales of computers, data processing equipment, and related services used in qualified aircraft maintenance or manufacturing facilities, as well as for tangible personal property consumed in the construction or expansion of such facilities. The bill defines "qualified aircraft maintenance or manufacturing facility" and sets eligibility criteria, including minimum construction costs and employment requirements. Additionally, it updates statutory references and removes outdated provisions, clarifying exemptions for sales of aircraft and aircraft parts.

Moreover, the bill outlines the process for claiming sales tax refunds for qualified purchasers involved in the construction or expansion of aircraft maintenance facilities. It specifies that contractors or subcontractors must provide an affidavit confirming the sales tax refund is based on taxes they paid on tangible personal property used in the project. The bill also clarifies that only sales made after January 18, 1991, are eligible for refunds and requires the qualified purchaser to file a certification from the Oklahoma Employment Security Commission within sixty months of the first purchase. An effective date of January 1, 2027, is established for these provisions, aiming to streamline the refund process and ensure proper documentation is submitted to the Oklahoma Tax Commission.

Statutes affected:
Introduced: 68-1357