Oklahoma City, OK — Two statewide measures with local fingerprints take effect Saturday, with Rep. Nick Archer of Elk City and Rep. Anthony Moore of Clinton helping carry the bills in the House.
Sales tax break now covers gun safety devices
Under SB 50, authored by Sen. Jo Anna Dossett (D-Tulsa) with Archer as principal House author, Oklahoma’s sales tax exemptions expand to include firearm safety devices. Qualifying items include safes, lockable cases, trigger or barrel locks, and certain permanently installed devices that restrict operation to designated users.
The House bill version Archer authored would have exempted firearms and ammunition too. It wasn’t heard, so they moved ahead with just safes and lockable storage and got the Senate bill done. Archer plans to try again on firearms and ammo.
State officials say the update modernizes existing exemptions, promotes safe storage, and supports business activity. The bill also clarifies or extends exemptions across several categories:
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Transportation: school bus services, intrastate charter and tour buses.
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Business inputs: sales for resale, advertising, technology and data-processing gear serving out-of-state markets.
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Food and health: prescription drugs, medical oxygen, prosthetics, meals for elderly or homebound Oklahomans.
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Veterans: disabled veterans and unremarried surviving spouses, with annual limits of 25,000 dollars and 1,000 dollars.
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Industrial and energy: aircraft maintenance, modular housing, commercial vessels, rural electric cooperatives, oil and gas operations.
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Miscellaneous: motion picture and TV production, estate sales, consumer electronics repair, bullion sales.
New disclosures for real estate wholesalers
SB 1075, authored by Sen. Paul Rosino (R-Oklahoma City) with Moore as principal House author, adds consumer protections for homeowners who receive offers from real estate wholesalers.
The law requires wholesalers to disclose in writing that they may assign or sell their contract for more than the homeowner’s price, include a prominent warning urging legal advice, and provide a two business-day right to cancel with no penalty. Contracts must list contact information, property address, total consideration, payment terms, and an official cancellation notice.
Wholesalers are barred from posing as the homeowner’s advisor, misrepresenting licensure, or placing liens or encumbrances. Missing disclosures render contracts invalid, and homeowners are entitled to any earnest money. The Oklahoma Real Estate Commission will publish a free cancellation form and set rules for enforcement.
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