Bill
Bill > HB2697
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/03/2023
04/03/2023
Crossed Over
03/20/2023
03/20/2023
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2023 Regular Session
Bill Summary
revenue and taxation - income tax brackets - effective date
AI Summary
This bill proposes to amend the Oklahoma income tax rates and brackets. Specifically, it changes the top marginal individual income tax rate from 5.50% to 4.75% for all taxable years beginning on or after January 1, 2024. The bill also adjusts the income thresholds for the tax brackets for single individuals, married filing jointly, and heads of households. The changes to the individual income tax provisions would take effect on November 1, 2023.
Committee Categories
Budget and Finance
Sponsors (11)
Brent Howard (R)*,
Cody Maynard (R)*,
Josh Cantrell (R),
Collin Duel (R),
John George (R),
Neil Hays (R),
John Kane (R),
Gerrid Kendrix (R),
Clay Staires (R),
Mark Tedford (R),
Max Wolfley (R),
Last Action
Referred to Appropriations (on 04/03/2023)
Taxonomy
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
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=hb2697&Session=2400 | 12/05/2023 |
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2697&Session=2300 | 01/19/2023 |
| Fiscal Note/Analysis - Senate: HB2697 ENGR FI | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/impact%20statements/fiscal/Senate/HB2697%20ENGR%20FI.PDF | 03/27/2023 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20ENGR/hB/HB2697%20ENGR.PDF | 03/14/2023 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20FLR/HFLR/HB2697%20HFLR.PDF | 03/03/2023 |
| Fiscal Note/Analysis - House: Introduced | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20SUPPORT%20DOCUMENTS/BILLSUM/House/HB2697%20INT%20BILLSUM.PDF | 02/19/2023 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/hB/HB2697%20INT.PDF | 01/19/2023 |
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