House approves bill eliminating sales tax for nonprofits

OKLAHOMA CITY – Nonprofits with 501(c)3 status could soon be exempt from sales tax under a bill approved by the Oklahoma House of Representatives this week. House Bill 1568, authored by Rep. Marilyn Stark, R-Bethany, would exempt Oklahoma-based 501(c)3 nonprofit organizations who receive $3 million or less in annual gross revenue from paying sales tax on purchases. 'Nonpro...