Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB318

Introduced
2/6/23  
Refer
2/7/23  
Report Pass
2/8/23  
Refer
2/8/23  
Report Pass
2/15/23  
Engrossed
3/8/23  
Refer
3/29/23  

Caption

Sale tax; modifying certain procedure to claim exemption. Effective date.

Impact

The bill's implementation is anticipated to have a significant impact on state laws by facilitating financial help through tax exemptions, aimed specifically at aiding disaster recovery efforts. By narrowing the conditions under which nonprofits can claim sales tax exemptions, SB318 seeks to ensure that funds are utilized effectively for disaster management and recovery operations. Additionally, the bill sets a framework allowing the Oklahoma Tax Commission to process exemption claims with greater efficiency, thus potentially expediting financial aid to qualifying nonprofits.

Summary

Senate Bill 318 aims to modify the procedures surrounding the sales tax exemptions for certain entities in Oklahoma, particularly targeting nonprofit organizations that assist in disaster recovery efforts. The bill revises existing tax code provisions to specify that certain sales of tangible personal property or services to nonprofits involved in disaster relief are eligible for exemption from sales tax. This includes organizations offering free assistance to individuals affected by disasters who have limited means of recovery. The proposed modifications are expected to encourage community support and streamline aid to affected individuals.

Sentiment

The general sentiment around SB318 appears to be positive, as it addresses critical needs at a time when many Oklahoma residents face hardships due to various disasters. Supporters of the bill express optimism about its potential to enhance the capacity of nonprofits to respond effectively during crises. However, there may be concerns regarding the adequacy of tax revenue impacts given exemptions for these organizations, which may attract scrutiny from some fiscal conservatives who worry about the long-term implications on the state's tax base.

Contention

While the bill enjoys overall support, it does face points of contention regarding the qualification criteria for tax exemptions. Critics may argue that the restrictions on eligibility for the nonprofit organizations could limit the scope of assistance provided to disaster survivors. Moreover, questions surrounding the sustainability of the exemption provisions, especially how they will affect the state’s budget and funding for other essential services, will likely be points of debate as the bill progresses.

Companion Bills

OK SB318

Carry Over Sale tax; modifying certain procedure to claim exemption. Effective date.

Previously Filed As

OK SB318

Sale tax; modifying certain procedure to claim exemption. Effective date.

OK SB310

Sales tax; modifying period and eligibility of exemption for certain museums. Effective date.

OK SB406

Sales tax; providing exemption for certain nonprofits. Effective date.

OK SB390

Sales tax; providing exemption for certain nonprofits that train rescue dogs and first responders. requiring certain training sufficiency. Effective date.

OK SB392

Sales tax exemption; modifying limit for surviving spouse of disabled veterans; clarifying certain determination. Effective date.

OK HB1130

Revenue and taxation; sales tax exemptions; broadband equipment; modifying provisions of exemption; modifying reference; emergency.

OK SB961

Sales tax exemption; agriculture exemptions; modifying definitions; adding definition of game animals. Effective date.

OK SB1068

Sales tax; providing exemption for certain custom order manufacturers. Effective date.

OK HB1568

Revenue and taxation; sales tax; exemption; nonprofit entities; revenues; effective date; emergency.

OK SB463

Sales tax exemption; extending date for rolling stock exemption. Effective date.

Similar Bills

OK SB1445

Sales tax exemption; providing exemption for OSU Medical Authority and Trust and OSU Veterinary Authority and Trust to extend to entities entered into public contracts. Effective date. Emergency.

OK SB909

Sales tax; providing exemption for sales to certain museums. Effective date.

OK HB1849

Revenue and taxation; sales tax exemption; school support organizations; effective date.

OK HB2949

Revenue and taxation; sales tax exemption; University Hospitals Trust; effective date; emergency.

OK HB1935

Revenue and taxation; sales tax exemption; nonprofits; construction of affordable housing; disaster repair; effective date.

OK SB1502

Sales tax; extending sales tax exemption to contractors in connection to performance of a contract with a tax exempt entity. Effective date.

OK HB1854

Revenue and taxation; sales tax; exemptions; nonprofit entities; effective date; emergency.

OK HB1171

Revenue and taxation; sales tax exemption; nonprofit entities; limitation on gross revenues; exception for alcohol and tobacco; effective date; emergency.