SB 474
Sales tax; permit requirement; sale for resale tax exemption. Effective date.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill changes Oklahoma’s sales tax regulations by requiring businesses that regularly sell goods for resale to obtain a permit from the state. It also clarifies the rules surrounding the sales tax exemption for sales made for resale, ensuring that businesses purchasing goods to resell are properly exempt. The bill also establishes an effective date for these changes. These adjustments aim to improve the accuracy and enforcement of sales tax collection within the state.
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