Sales tax exemption; combining certain exemptions for aircraft maintenance, manufacturing, and parts. Effective date.

Summary

The bill adds new sales‑tax exemptions for companies that repair, build, or modify commercial aircraft or aircraft parts, as long as they meet specific size and employment thresholds. It also lets contractors and subcontractors get refunds of state sales tax on qualifying purchases for those facilities, and limits the exemption to the state tax rate only. The goal is to make Oklahoma more attractive for the aviation industry.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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