Oklahoma § 68-1354.9 - Streamlined Sales Tax System Act - Multi-state

§ 68-1354.9. Streamlined Sales Tax System Act - Multi-state

discussions - Tax exempt status.

The Oklahoma Tax Commission shall enter into discussions with

states regarding development of a multi-state, voluntary,

streamlined system for sales and use tax collection and

administration. These discussions shall focus on a system that

would have the capability to determine whether the transaction is

taxable or tax exempt, the appropriate tax rate applied to the

transaction, and the total tax due on the transaction, and shall

provide a method for collecting and remitting sales and use taxes to

the state. Such system may provide compensation for the costs of

collecting and remitting sales and use taxes. Discussions between

Oklahoma Statutes - Title 68. Revenue and Taxation

the Tax Commission and other states may include, but are not limited

to:

1. The development of a "Joint Request for Information" from

potential public and private parties governing the specifications

for such system;

2. The mechanism for compensating parties for the development

and operation of such system;

3. Establishment of minimum statutory simplification measures

necessary for state participation in such system; and

4. Measures to preserve confidentiality of taxpayer information

and privacy rights of consumers.

Following these discussions, the Tax Commission may proceed to

issue a Joint Request for Information.

Added by Laws 2000, c. 314, § 10, eff. July 1, 2000.