Oklahoma HB1867 modifies sales tax exemptions to include school supplies and limits the frequency of tax proposals by municipalities.
Oklahoma HB1867 amends the sales tax laws to exempt school supplies from sales tax, aligning them with clothing and footwear. It also limits the frequency of tax proposals by municipal governing bodies to three times per year or twice in any six-month period. The bill includes provisions for a sales-tax-free weekend for clothing and footwear, and it mandates that any sales tax dedicated to specific purposes, such as public safety, cannot be redirected to other uses. The Oklahoma Tax Commission is tasked with promulgating necessary rules and providing notice to vendors for any rate changes.
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