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Bill > HB2070
OK HB2070
OK HB2070Revenue and taxation; repeal; Task Force for the Study of Transferable Tax Credits; effective date.
summary
Introduced
02/03/2025
02/03/2025
In Committee
02/04/2025
02/04/2025
Crossed Over
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
An Act relating to revenue and taxation; repealing 68 O.S. 2021, Section 2357.11A; and providing an effective date.
AI Summary
This bill repeals Section 2357.11A of Title 68 of the Oklahoma Statutes from the 2021 edition, which appears to be related to tax credits. The bill proposes to completely remove this specific section of tax law, effectively eliminating whatever provisions or tax credits were previously outlined in that section. The repeal will take effect on November 1, 2025, which provides a significant lead time for stakeholders to prepare for the change. While the specific details of the repealed section are not provided in the bill text, the government summary suggests this is a targeted removal of a particular tax-related statute. The bill is straightforward in its approach, simply striking out an existing section of tax law without providing replacement language or additional context about the reasons for the repeal.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to Appropriations and Budget Finance Subcommittee (on 02/04/2025)
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=hb2070&Session=2600 |
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2070&Session=2500 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB2070%20INT.PDF |
| BillText | https://www3.oklegislature.gov/cf_pdf/2025-26%20INT/hB/HB2070%20INT.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2025-26%20INT/hB/HB2070%20INT.PDF |
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