Oklahoma SB687: Sales tax exemption; requiring Oklahoma Broadband Office and Oklahoma Tax Commission to administer certain rebate program; modifying rebate limit; creating the Oklahoma Broadband Rebate Revolving Fund.

What the bill says

An Act relating to sales tax exemption; amending 68 O.S. 2021, Section 1357.21, as last amended by Section 1, Chapter 273, O.S.L. 2024 (68 O.S. Supp. 2024, Section 1357.21), which relates to rebate payments for the sales tax exemption on the consumption of qualifying broadband equipment; requiring the Oklahoma Broadband Office and the Oklahoma Tax Commission to administer program; prescribing deadlines and procedure for filing claims; requiring the Oklahoma Broadband Office to approve or disapprove all claims; requiring Tax Commission to issue rebate payment for approved claims…

From the enrolled text, May 22, 2025:

An Act relating to sales tax exemption; amending 68 O.S. 2021, Section 1357.21, as last amended by Section 1, Chapter 273, O.S.L. 2024 (68 O.S. Supp. 2024, Section 1357.21), which relates to rebate payments for the sales tax exemption on the consumption of qualifying broadband equipment; requiring the Oklahoma Broadband Office and the Oklahoma Tax Commission to administer program; prescribing deadlines and procedure for filing claims; requiring the Oklahoma Broadband Office to approve or disapprove all claims; requiring Tax Commission to issue rebate payment for approved claims; modifying rebate limit; requiring certain claims to be made on forms prescribed by the Oklahoma Broadband Office; providing for electronic submission of certain report; updating statutory language; creating the Oklahoma Broadband Rebate Revolving Fund; providing sources of fund; providing for expenditures from fund; limiting liability of this state to balance of fund; making an appropriation to the Tax Commission; directing transfer of funds; and providing for codification. SUBJECT: Sales tax exemption rebate SECTION 1. AMENDATORY 68 O.S. 2021, Section 1357.21, as last amended by Section 1, Chapter 273, O.S.L. 2024 (68 O.S. Supp. 2024, Section 1357.21), is amended to read as follows: Section 1357.21. A. The exemption authorized by the provisions of paragraph 43 of Section 1357 of this title shall be administered as a rebate. The rebate program shall be administered by …

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