Sales Tax Obligations of Oklahoma Pawnbrokers

Oklahoma Administrative Code
Title 710. Oklahoma Tax Commission
Chapter 65. Sales and Use Tax
Subchapter 19. Specific Applications and Examples
Part 31. "P"

§ 710:65-19-255. Pawnbrokers

Pawnbrokers are engaged primarily in the business of lending money for the repayment of which they accept as security tangible personal property from the pawner or pledger. In cases where the pawner or pledger does not redeem the property pledged or pawned within the specified time and the property is forfeited and title rests in the pawnbroker, the gross proceeds realized by the pawnbroker from a subsequent sale of the articles are taxable.