An economic nexus sales tax bill has been introduced in the Oklahoma Senate. The bill contains almost all the provisions contained in economic nexus legislation introduced in the House. (TAXDAY, 2019/01/30, S.14; TAXDAY, 2019/02/11, S.17)
As currently drafted, the Senate bill differs from the House bills in that it would:
– take effect on November 1, 2019, rather than July 1, 2019; and
– require remote sellers with at least $100,000 in Oklahoma sales in a calendar year to collect tax the first calendar month after the month they meet the $100,000 threshold (as opposed to the next fiscal year).
S.B. 513, as introduced in the Oklahoma Senate on February 4, 2019