Bill
Bill > HB2667
summary
Introduced
02/04/2019
02/04/2019
In Committee
04/02/2019
04/02/2019
Crossed Over
03/11/2019
03/11/2019
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
revenue and taxation - taxable income - itemized deduction - emergency ] AMENDMENT NO. 1. , strike the enacting clause Passed the Senate the 25th day of April, 2019. Presiding Officer of the Senate Passed the House of Representatives the ____ day of __________, 2019. Presiding Officer of the House of Representatives ENGROSSED HOUSE BILL NO. 2667 By: Wallace and Loring of the House and Paxton of the Senate [ revenue and taxation - taxable income - itemized deduction - emergency
AI Summary
This bill amends Oklahoma's Income Tax Act to make the following key changes:
1. It limits the total amount of itemized deductions that can be claimed on an Oklahoma income tax return to $17,000, excluding charitable contributions, medical expenses, and gambling losses.
2. It expands the list of items that are excluded from the $17,000 itemized deduction cap to include charitable contributions, medical expenses, and gambling losses deductible for federal income tax purposes.
The bill also includes an emergency clause, making it effective immediately upon passage and approval.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
SA's rejected, conference requested, naming GCCA (on 04/30/2019)
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=hb2667&Session=2000 |
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