HB4345

Oklahoma HB4345 modifies sales tax sourcing rules for retail sales and leases or rentals.

Oklahoma HB4345 amends the sourcing rules for sales tax on retail sales and leases or rentals. The bill modifies the definition of "receipt" to include taking possession of tangible personal property, making first use of services, or taking possession or making first use of digital goods. It specifies that possession by a shipping company on behalf of the purchaser does not constitute receipt. The bill also changes the sourcing rules for leases or rentals, with the first periodic payment sourced the same as a retail sale and subsequent payments sourced to the primary property location.