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OK HB1018
OK HB1018Revenue and taxation; Path to Two and a Half Income Tax Rate Act of 2024; effective date.
summary
Introduced
10/03/2023
10/03/2023
In Committee
10/04/2023
10/04/2023
Crossed Over
Passed
Dead
10/04/2023
10/04/2023
Introduced Session
2023 Second Special Session
Bill Summary
Revenue and taxation; Path to Two and a Half Income Tax Rate Act of 2024; effective date.
AI Summary
This bill, titled the "Path to Two and a Half Income Tax Rate Act of 2024", proposes to reduce the Oklahoma state income tax rate to 2.5% starting on November 1, 2024. The bill does not codify this change in the state statutes, but rather establishes it as a new law that can be cited as the "Path to Two and a Half Income Tax Rate Act of 2024".
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Appropriations and Budget (on 10/04/2023)
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=hb1018&Session=232X |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2023-24%20INT/hB/HB1018XX%20INT.PDF |
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