Oklahoma SB232 modifies sales tax exemptions for certain media productions and introduces a new exemption for the construction of media production.
Oklahoma SB232 amends the sales tax exemption for certain media productions, including films, television programs, and digital interactive media productions. It also introduces a new exemption for the construction of qualified media production facilities. To qualify, a facility must be nominated by a city, town, or municipality and approved by the Oklahoma Film and Music Office. The exemption is limited to five facilities at any time and applies only to the state sales tax rate.
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