Sales tax; permit requirement; sale for resale tax exemption. Effective date.

SB 474 requires businesses buying goods for resale in Oklahoma to obtain a free permit from the Oklahoma Tax Commission to claim the sales tax exemption. Vendors must honor valid permits and can verify them electronically through a new system, which creates a presumption of validity. Businesses claiming exemption without a permit face misdemeanor charges punishable by up to $1,000 fines. Permits expire annually on June 30 and apply to all resellers, including multi-location businesses operating under a single permit.