ENGROSSED SENATE
BILL NO. 1321 	By:	Gumm and Russell of the Senate

			and

		Terrill of the House

[ revenue and taxation - sales tax - 		effective date ]

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     68 O.S. 2001, Section 1361.1, as amended by Section 2, Chapter 272, O.S.L. 2006 (68 O.S. Supp. 2009, Section 1361.1), is amended to read as follows:
Section 1361.1  A.  If a vendor, in good faith, timely accepts from a consumer properly completed documentation certified by the Oklahoma Tax Commission that such consumer is exempt from the taxes levied by the Oklahoma Sales Tax Code, the vendor shall be relieved of any liability for any sales tax or the duty to collect any sales tax imposed by the provisions of Section 1361 of this title upon such vendor with respect to such sale.
B.  A vendor who has actual knowledge that a consumer is entitled to an exemption under paragraph 34 of Section 1357 of this title and who willfully or intentionally refuses to honor the exemption shall be punished by an administrative fine of guilty of a misdemeanor and fined not more than Five Hundred Dollars ($500.00) per offense.
SECTION 2.  This act shall become effective November 1, 2010.
Passed the Senate the 24th day of February, 2010.

	
Presiding Officer 	of the Senate

Passed the House of Representatives the ____ day of __________, 2010.

	
Presiding Officer	of the House
	of Representatives