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Bill > HB4092
OK HB4092
OK HB4092Revenue and taxation; banks; credit unions; deductions; agriculture loans; effective date.
summary
Introduced
02/05/2024
02/05/2024
In Committee
03/19/2024
03/19/2024
Crossed Over
03/12/2024
03/12/2024
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
Potential new amendment
2024 Regular Session
Bill Summary
revenue and taxation - banks - associations - credit unions - associations - institutions - deductions - loans - terms - effective date
AI Summary
This bill amends the state's tax laws to provide deductions for national banking associations, state banks, trust companies, savings and loan associations, and other lending institutions on net interest income received from qualified agricultural real estate loans, agricultural operating loans, and single-family residence loans attributed to Oklahoma. The bill also specifies the definitions and requirements for these deductible loans. Additionally, the bill sets an effective date of November 1, 2024 for these changes.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Senate Finance 3RD REVISED Hearing (14:00:00 4/8/2024 Room 535) (on 04/08/2024)
Bill Topics
Agriculture
- ‐ General Agriculture
Banking, Finance, and Domestic Commerce
- ‐ Banking System and Financial Institution Regulation and Reform
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
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