Revenue and taxation; Oklahoma Youth Entrepreneurs Promotion and Development Act of 2026; taxable and adjusted gross income; sales tax; sales tax exemptions; business license; effective date.

The document header and title were updated to reflect the official House Committee Substitute status and the correct act name.

Page numbers and request numbers were updated to reflect the new version of the bill.

The text was reorganized to remove the 'Proposed Subcommittee Substitute' label and replace it with the standard 'Committee Substitute' format.

Removed all general sales tax exemptions for items such as school transportation, food stamps, prescription drugs, and advertising.

Changed the primary focus from general tax exemptions to a specific act promoting youth entrepreneurship and amending income tax sections.

Added new eligibility criteria for youth entrepreneurs, including a gross revenue cap and a prohibition on operating the business for the benefit of an adult.

Added requirements specifying that the business must be conducted by certain persons as sole proprietors and limiting business assistance from adults.

Added a new exemption for sales of food or food products purchased using federal food stamp coupons, aligning state tax policy with federal assistance programs.

Added a new exemption for food and supplies sold to 501(c)(3) tax-exempt organizations, broadening the scope of eligible buyers beyond just individuals.

Updated the bill header to reflect the addition of Senate co-sponsors (McIntosh) and changed the status marker from 'As Introduced' to 'Engrossed House'.