This bill amends Section 1357 of the Oklahoma Sales Tax Code to introduce a sales tax exemption for frack water, which is defined as water sold specifically for hydraulic fracturing or other well completion operations. The legislation specifies that this exemption will not apply in certain unspecified circumstances, aiming to alleviate the tax burden on the oil and gas industry, which relies heavily on frack water for its operations. Additionally, the bill includes provisions for sales tax exemptions for disabled veterans and their surviving spouses, allowing eligible veterans to claim an exemption of up to $25,000 per year and their unremarried spouses up to $1,000 per year.

The bill also establishes that exemption cards may be issued to spouses or household members authorized to make purchases on behalf of eligible disabled veterans. Other exemptions introduced in the bill include those for firearm safety devices and gun safety devices. The act is set to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage and approval.

Statutes affected:
Introduced: 68-1357