Revenue and taxation; sales tax exemption; nonprofit entities; limitation on gross revenues; exception for alcohol and tobacco; effective date; emergency.

HB 1171 would limit Oklahoma's sales tax exemption for nonprofits to those with gross revenues under $1 million annually, while maintaining exemptions for alcohol and tobacco sales. This directly affects qualifying nonprofits like charities, religious organizations, schools, and libraries that currently receive tax exemptions but exceed the new revenue threshold. The bill amends Oklahoma Statutes § 1356 to add this revenue cap as a new eligibility requirement for tax-exempt status. Nonprofits surpassing $1 million in annual gross revenue would lose their exemption under this provision.