SB 318 - Repeal of the Grocery Sales Tax - Oklahoma Key Vote

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Title: Repeal of the Grocery Sales Tax

Vote Smart's Synopsis:

Vote to pass a bill that would phase out taxation on groceries over 4 years.

Highlights:

-Decreases the state tax on eligible food and beverages over time until it is eliminated by July 1, 2013 (Sec. 14). -Requires that the Oklahoma Tax Commission notify all vendors of the rate change at least 60 days prior to it taking effect (Sec. 3).

NOTE: A BILL WITH AN EMERGENCY CLAUSE REQUIRES A SEPARATE TWO-THIRDS VOTE OF THE LEGISLATURE FOR THE CLAUSE TO PASS. IF THE CLAUSE IS PASSED, THE BILL GOES INTO EFFECT IMMEDIATELY UPON THE GOVERNOR'S SIGNATURE.

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