Starting from November 1, 2024 until December 31, 2029, H.B. 1600 exempts sales of machinery, equipment, and electricity used for commercial mining of digital assets in qualified in-state colocation facilities from Oklahoma sales tax. “Digital assets” are defined as virtual currency using blockchain technology. For further inquiries, please reach out to us.
Source Deloitte
Latest Posts in "United States"
- Top U.S. States With No Sales Tax: Business and E-Commerce Savings in 2025
- U.S. Eliminates $800 De Minimis Exemption; New Tariffs on All Low-Value Imports Effective August 2025
- U.S. Sales Tax Explained: Key Rules, Nexus, Exemptions, and Compliance Steps for Businesses
- Utah Approves New Emergency Services Sales Tax and Modifies Rural Health Care Tax Rules
- Committee Urges Voters to Renew 1% Sales Tax for Bibb County School Improvements