SB687

Oklahoma SB687 modifies the sales tax exemption for broadband equipment purchases, establishing a rebate program and fund.

Oklahoma SB687 amends the sales tax exemption for broadband equipment purchases, implementing a rebate program administered by the Oklahoma Broadband Office and the Oklahoma Tax Commission. The bill requires that equipment purchases result in net growth of potential customers in underserved or unserved areas to qualify for rebates. It creates the Oklahoma Broadband Rebate Revolving Fund to manage rebate payments and sets a maximum rebate limit of $42 million annually.