Common Contracts
1 similar Sales and Use Tax Agreement contracts
SALES AND USE TAX THE NEW AGREEMENTSales and Use Tax Agreement • December 16th, 2020
The Oklahoma Municipal League’s Tax Liaison Board began, in January with the assistance of the Oklahoma Tax Commission, a revision of the two agreements the Tax Commission has with municipalities. The two current agreements are the Agreement for Administration and the Agreement to Engage in Compliance Activities required by Senate Bill 750. The Board first began looking at combining the agreements in the fall of 2013, however, this effort was postponed while the Board concentrated on the drafting and final adoption of House Bill 1875. House Bill 1875 you may recall reduced the retainage available to the Tax Commission from a maximum of 1.5% to and amount not to exceed one half of one percent, 05%. The new agreement recognizes these two very important legislative enactments.
