Revenue and taxation; exemption; trusts; effective date.

The exemption for sales to public trusts was restructured to explicitly require the beneficiary to be a municipality, ensuring the funds support local government needs.

The exemption for fair admission tickets was clarified to apply only to the portion of the ticket price retained by or distributed to the fair authority, excluding other fees.

A new exemption was added for the repayment of money borrowed by accredited state-supported colleges or universities to build or expand facilities for entertainment or cultural events.

The list of eligible state agencies and authorities receiving tax-free sales was expanded to include numerous new entities, such as various Master Conservancy Districts, the Oklahoma Municipal Power Authority, and the City of Tulsa-Rogers County Port Authority.

The document header and metadata were updated to reflect the final House Committee Substitute version, replacing the previous proposed subcommittee draft.

Removed detailed rules allowing political subdivisions to designate agents to purchase exempt property and rules regarding sales at county and state fairs.

Added new exemptions for sales to council organizations of the Boy Scouts of America, Girl Scouts of the U.S.A., and Camp Fire.

Added a new exemption for sales to county, municipality, or public trust organizations that serve as state supervisory bodies.

Changed the document header from 'Proposed Committee Substitute' to 'Proposed Subcommittee Substitute' and updated the amendment date.

Added a specific provision allowing political subdivisions to designate an agent by contract to make purchases of personal property that would otherwise be exempt from sales tax.

Explicitly stated that sales made to contractors performing work on these exempt contracts are NOT exempt from the tax.

Clarified that the agent must use their own funds for the purchase and will be reimbursed by the political subdivision.

The entire text of the bill was replaced with a new version to incorporate these clarifications and formatting updates.

Updated the bill header to reflect its status as 'Engrossed' and changed the primary sponsor name from 'Pae' to 'Worthen of the House'.

Replaced the 'As Introduced' label with a descriptive summary of the bill's subject matter (revenue and taxation exemptions for trusts) in the title area.

Changed the section header from 'NEW LAW' to 'AMENDATORY' to indicate the bill amends an existing statute rather than creating a new one.

Updated the legal citation to reference the most recent amendment to the relevant statute (Section 1, Chapter 392, O.S.L. 2025) instead of the original introduction date.

Removed the specific bill number '60-2-15644' and the original introduction date '01/02/26' which were present in the draft version.