OK
Oklahoma Senate Bill SB313

Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB313

Introduced
2/6/23  
Refer
2/7/23  
Report Pass
2/8/23  

Caption

Sales tax; providing exemption for certain air and space museums. Effective date.

Impact

The changes proposed under SB313 are significant for nonprofit entities operating museums, especially those dedicated to the history of aviation and rocketry. By exempting tangible personal property or services related to these nonprofit museums from sales tax, the state aims to enhance educational opportunities and cultural enrichment. This exemption could lead to increased funding for these institutions, fostering growth and engagement in educational programs related to aviation and space exploration.

Summary

Senate Bill 313 amends Oklahoma's sales tax policy to provide specific exemptions for certain nonprofit museums, particularly those focused on aviation and space education. This bill seeks to encourage educational institutions and museums by reducing their financial burden through tax exemptions while still maintaining compliance with state tax regulations. The effective date for this bill is set for November 1, 2023.

Contention

As with many tax exemption laws, there may be contention regarding the implementation and fairness of such exemptions. Concerns may arise regarding the criteria for qualifying as a nonprofit museum, particularly regarding those which do not meet this designation. There also may be debates surrounding the potential loss of sales tax revenue for the state, versus the anticipated benefits of supporting education and culture within the community.

Companion Bills

OK SB313

Carry Over Sales tax; providing exemption for certain air and space museums. Effective date.

Previously Filed As

OK SB313

Sales tax; providing exemption for certain air and space museums. 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 SB304

Sales tax; providing exemption for certain nonprofit hospitals. Effective date.

OK SB391

Sales tax; providing exemption for certain nonprofit providing school supplies. Effective date.

OK HB1887

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

OK SB1068

Sales tax; providing exemption for certain custom order manufacturers. 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 HB1447

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

OK SB393

Sales tax exemption; providing exception to limit for disabled veterans 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.