Bill
Bill > SB676
summary
Introduced
02/04/2019
02/04/2019
In Committee
02/06/2019
02/06/2019
Crossed Over
Passed
Dead
05/23/2019
05/23/2019
Introduced Session
2019 Regular Session
Bill Summary
Income tax; modifying apportionment; deleting obsolete language. Effective date.
AI Summary
This bill modifies the apportionment of state income tax revenue, reducing the percentage allocated to the General Revenue Fund and creating a new apportionment to the Revenue Stabilization Fund or Constitutional Reserve Fund to capture any corporate income tax revenue above a five-year average. The bill also deletes obsolete language regarding previous fiscal year apportionment percentages. The changes in this bill will take effect on November 1, 2019.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Appr/Sub-Education (on 02/06/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb676&Session=1900 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/SB/SB676%20INT.PDF |
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