The bill amends Section 1357 of the Oklahoma Sales Tax Code to establish a sales tax exemption for retired law enforcement officers. To qualify, individuals must apply and undergo a verification process by the Oklahoma Tax Commission, which will issue an exemption card upon successful verification. This card is valid for three years and can be renewed. The bill also allows the Commission to create rules to facilitate the implementation of this exemption. Additionally, it updates statutory references and clarifies that the exemption applies to various forms of advertising, including electronic displays.

Moreover, the bill introduces several other sales tax exemptions effective from November 1, 2026, targeting various sectors and groups. These include exemptions for electricity and services related to oil and gas reservoir dewatering projects, prewritten computer software delivered electronically, and sales to honorably discharged veterans with permanent disabilities. It also specifies exemptions for sales of tangible personal property or services to retired law enforcement officers, while maintaining the existing exemption for firearm safety devices and removing a previous provision regarding recovery fees on heavy equipment rentals.

Statutes affected:
Introduced: 68-1357