Bill
Bill > HB3085
summary
Introduced
02/07/2022
02/07/2022
In Committee
03/24/2022
03/24/2022
Crossed Over
03/15/2022
03/15/2022
Passed
Dead
05/27/2022
05/27/2022
Introduced Session
2022 Regular Session
Bill Summary
An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 2358, which relates to itemized deductions; excluding gambling losses from net amount of itemized deductions allowable; amending 68 O.S. 2021, Section 227, which relates to refunds of erroneous payments; extending time for certain refund claims; providing an effective date; and declaring an emergency.
AI Summary
This bill amends Oklahoma's tax laws to:
1) Exclude gambling losses from the calculation of itemized deductions, allowing taxpayers to deduct the full amount of their charitable contributions and medical expenses.
2) Extend the time period for taxpayers to file refund claims related to the change in the calculation of itemized deductions, allowing them up to 4 years to do so.
The bill aims to provide tax relief to Oklahoma taxpayers by modifying the treatment of gambling losses and extending the refund claim deadline. It will take effect on January 1, 2022.
Committee Categories
Budget and Finance
Sponsors (6)
Kyle Hilbert (R)*,
Brent Howard (R)*,
Scott Fetgatter (R),
John Pfeiffer (R),
Dustin Roberts (R),
Kevin Wallace (R),
Last Action
Second Reading referred to Finance Committee then to Appropriations Committee (on 03/24/2022)
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=hb3085&Session=2200 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20ENGR/hB/HB3085%20ENGR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20FLR/HFLR/HB3085%20HFLR.PDF |
| Fiscal Note/Analysis - House: Introduced | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB3085%20INT%20BILLSUM.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2021-22%20INT/hB/HB3085%20INT.PDF |
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