Oklahoma Enacts Tax Exemption for Digital Asset Mining Equipment in Colocation Facilities

• House Bill 1600 in Oklahoma creates a new sales and use tax exemption
• The exemption applies to certain equipment used for mining digital assets
• It is in effect from November 1, 2024, through December 31, 2029
• The exemption includes machinery, equipment, and electricity used for commercial mining in a colocation facility

Source: kpmg.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.