Entrepreneurial experience; enacting the Oklahoma Youth Entrepreneurs Promotion and Development Act of 2026. Effective date.

Removed the original Senate page headers and footers, replacing them with new House of Representatives formatting and session information.

The bill title and authorship were updated to reflect the new focus on unclaimed property instead of youth entrepreneurs.

All provisions creating tax exemptions for youth entrepreneurs, including sales tax exemptions and income limits, were removed.

New definitions were added for key terms such as 'Apparent owner', 'Claimant', 'Holder', 'Intangible property', and 'Museum' to clarify the Uniform Unclaimed Property Act.

The bill now focuses on amending existing sections of the Unclaimed Property Act to update definitions and statutory references rather than creating new tax laws.

All provisions related to the Uniform Unclaimed Property Act, including definitions and fund management, were removed.

A new bill was introduced to create the 'Oklahoma Youth Entrepreneurs Promotion and Development Act of 2026', which provides sales tax exemptions for certain sole proprietors.

New eligibility criteria were added for youth entrepreneurs to receive sales tax exemptions and income tax exclusions.

New requirements were established to limit business assistance from adults and place a gross revenue cap on the exempt businesses.