Okla. Admin. Code § 710:65-19-126
Current through Vol. 42, No. 4, November 1, 2024
The sale of gift certificates, premium stamps and similar documents, as well as their redemption are not subject to tax. When the owner of a gift certificate redeems the gift certificate, etc., or a part thereof, for tangible personal property, sales tax is due on the total selling price of the tangible personal property. For example, if the owner of a gift certificate valued at $100 purchases a $25 item, tax must be computed on $25, must be collected, reported and remitted by the vendor.
Okla. Admin. Code § 710:65-19-126