Oklahoma § 68-1505 - Taxable year - Decal for remainder of year

§ 68-1505. Taxable year - Decal for remainder of year

For the purpose of the decal issued under Sections 1501 et seq.

of this title, the fee year shall begin on the first day of July and

end on the last day of the following June; and shall be divided into

two (2) halves. The Tax Commission shall in each instance issue

decals for the remainder of the fee year upon payment of the fee on

the basis of the current and remaining half of such fee year. Any

product purchased for resale, through a vending machine where fees

have been paid and decals affixed, shall not be subject to sales

tax.

Amended by Laws 1982, c. 292, § 3, eff. July 1, 1982; Laws 1988, c.

47, § 4, operative July 1, 1988.