Bill
Bill > SB81
summary
Introduced
02/06/2023
02/06/2023
In Committee
02/07/2023
02/07/2023
Crossed Over
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2023 Regular Session
Bill Summary
An Act relating to income tax; amending 68 O.S. 2021, Section 2358, as amended by Section 1, Chapter 377, O.S.L. 2022 (68 O.S. Supp. 2022, Section 2358), which relates to adjustments to arrive at Oklahoma taxable income and Oklahoma adjusted gross income; deleting limitations on exemption for certain income and withdrawals for certain tax years; providing exemption for certain withdrawals when withdrawn in certain manner for certain tax years; updating statutory language; and providing an effective date.
AI Summary
This bill amends Oklahoma's income tax law to delete limitations on exemptions for certain retirement income and withdrawals for certain tax years, and provides an exemption for certain withdrawals when withdrawn in a certain manner for certain tax years. The bill updates statutory language and provides an effective date of November 1, 2023.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Finance (on 02/07/2023)
Taxonomy
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Social Welfare
- ‐ Retirement Issues
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb81&Session=2400 | 12/05/2023 |
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb81&Session=2300 | 12/29/2022 |
| Fiscal Note/Analysis - Senate: SB81 INT FI | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/SB81%20INT%20FI.PDF | 02/08/2023 |
| Fiscal Note/Analysis - Senate: Introduced | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB81%20INT%20BILLSUM.PDF | 01/06/2023 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/SB/SB81%20INT.PDF | 12/29/2022 |
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