Sales tax; providing exemption for certain nonprofit organizations; effective date.
Referred to Appropriations
Summary
The bill amends Oklahoma’s sales‑tax code to add a new exemption for certain nonprofit organization subsidiaries that perform transplantation‑related or research services. By joining an existing list of specific exemptions, qualifying entities will no longer owe state sales tax on eligible purchases. The change is meant to lower costs for these nonprofits and encourage medical research activities.
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