ok-1204: Oklahoma Tax Commission — Sales and Use Tax

Summary

Several proposed amendments to the existing rules have been made to implement recent legislation. Section 710:65-1-7 is amended to add two new exemptions pursuant to SB 1445, as passed in the 2nd session of the 59th Legislature (2024). Pursuant to SB 1438 (2024), 710:65-1-11 is amended to add an exemption for a heavy equipment rental fee. Section 710:65-3-1 is amended to outline procedures for the suspension or revocation of sales tax accounts reporting zero business activity for twelve consecutive months. The proposed new section 710:65-13-159 outlines the application process and requirements for a new sales tax exemption for commercial mining of digital assets in a colocation facility pursuant to HB 1600 (2024). Section 710:65-13-275 is amended to align with a statutory change pursuant to SB 1252 (2024). The proposed amendments to Sections 710:65-11-1, 710:65-19-40, 710:65-19-109, 710:65-19-110, 710:65-19-212, and new Part 57. Food and Food Ingredients under Subchapter 13. Sales and Use Tax Exemptions implement the provisions of House Bill 1955 and Senate Bill 1283 (2024), which enacted a reduced state sales tax rate of zero percent (0%) on food and food ingredients beginning August 29, 2024. The rules provide definitions, outline procedures for determining the taxability of products, and provide clarification on the application of existing rules with respect to the reduced state sales tax rate. Other sections may be amended to clarify policy, improve readability, correct scrivener’s errors, remove obsolete language, update or correct citations, update contact information, and ensure accurate internal cross-references, which do not change the interpretation or intent of the rules.

The agency’s own summary, as published.