This bill amends various sections of the Oklahoma Statutes to refine sales tax exemptions for governmental and nonprofit entities. A significant new provision prohibits sales tax exemptions for entities that charge patients with commercial health insurance more than 200% of the Medicare reimbursement rate for similar services. This change applies to exemptions in 68 O.S. 2021, Sections 1356, 2359, and 2887, ensuring that tax-exempt entities do not overcharge patients compared to federal Medicare rates. Additionally, the bill corrects the term "municipally-owned" to "municipally owned" regarding dues or fees for recreation centers, and it establishes an effective date for these amendments.

The legislation also introduces various tax exemptions for organizations recognized as tax-exempt under the Internal Revenue Code, particularly those under sections 501(c)(3), 501(c)(19), and 501(c)(4). These exemptions cover a range of activities, including sales related to educational and charitable events, health-related research, and fundraising efforts. Organizations must provide proof of their tax-exempt status and may need to certify their purchases to qualify. The bill outlines specific conditions for these exemptions, including penalties for misrepresentation, and establishes a refund mechanism for sales tax paid on qualifying purchases, particularly for organizations supporting military personnel and disaster recovery efforts. Overall, the bill aims to support nonprofit initiatives by reducing their tax burden and promoting charitable missions.

Statutes affected:
Introduced: 68-1356, 68-2887