Bill > HB2228

This bill modifies Oklahoma's Sales Tax Relief Act by updating eligibility requirements and credit amounts for residents based on household income. The bill establishes a new credit structure where individuals can receive up to $200 in sales tax relief, with credits available for different categories including single filers, seniors, disabled individuals, and those with dependents. For households with gross income exceeding $75,000, the credit will be progressively reduced: 1.1429% for the first dependent and an additional 0.5714% for subsequent dependents. Special reductions also apply for seniors, disabled individuals, and single filers. The bill maintains existing restrictions that prevent felony inmates from claiming the credit, though other household members can still file claims. The new provisions will take effect on July 1, 2025, and the bill includes an emergency clause suggesting immediate importance for public welfare. The changes aim to provide more nuanced tax relief that considers household composition and income levels while maintaining the core purpose of supporting lower and middle-income Oklahoma residents.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2228&Session=2600