Bill > HB3044

This bill reauthorizes existing provisions that allow taxpayers to donate a portion of their state income tax refund to the Oklahoma Department of Veterans Affairs (ODVA) for its Equipment and Capital Improvement Program, which funds the purchase of equipment and development of capital improvement projects for veterans. The bill also specifies that the ODVA can use these funds for acquiring properties for existing or future projects, including site acquisition, architectural planning, and construction. Monies collected are deposited into a dedicated "Capital Improvement Program Revolving Fund" within the State Treasury, which is a continuing fund not subject to yearly limitations, and the ODVA is authorized to invest these funds. Taxpayers who mistakenly donate can file for a refund within three years, with the refunded amount being deducted from future collections. This reauthorization is set to become effective on November 1, 2026.

Health and Social Services, Military Affairs and Security

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3044&Session=2600