Effective Date: November 1, 2019
Threshold: $100,000 in aggregate sales of TPP (for remote sellers only) excluding marketplace sales where marketplace collects tax
Measurement Date: Preceding or current calendar year
Includable Transactions: Taxable sales
When You Need to Register Once You Exceed the Threshold: The first calendar month following the month when the threshold is met
Effective November 1, 2019, Oklahoma has enacted changes to its existing economic and marketplace nexus provisions. Under the newly enacted legislation, remote sellers with aggregate sales of tangible personal property in Oklahoma subject to tax of $100,000 or more during the during the preceding or current calendar year are required to collect and remit Oklahoma sales tax. The tax collection and remittance obligation will apply to the first calendar month following the month when the threshold is met.
For The Full Story: Sales Tax InstituteSales tax institute
May 30, 2019