Bill

Bill > HB3396


OK HB3396

OK HB3396
Revenue and taxation; Oklahoma taxable income and adjusted gross income; Oklahoma Parental Choice Tax Credit; refunded amounts; exemption; effective date.


summary

Introduced
02/05/2024
In Committee
02/27/2024
Crossed Over
Passed
Dead
05/31/2024

Introduced Session

2024 Regular Session

Bill Summary

An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 2358, as amended by Section 2, Chapter 341, O.S.L. 2022 (68 O.S. Supp. 2023, Section 2358), which relates to Oklahoma taxable income and adjusted gross income; providing exemption for certain refunded tax credit amounts; and providing an effective date.

AI Summary

This bill exempts from taxable income any amount refunded or paid to a school or refunded to any taxpayer pursuant to the provisions of the Parental Choice Tax Credit Act. The bill also provides an effective date of November 1, 2024.

Sponsors (3)

Last Action

CR; Do Pass Rules Committee (on 02/27/2024)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...