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Bill > HB3341


OK HB3341

OK HB3341
Revenue and taxation; small business guaranty fee credit; repealer; effective date.


summary

Introduced
02/02/2026
In Committee
02/03/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act relating to revenue and taxation; repealing 68 O.S. 2021, Section 2370.1, as amended by Section 1, Chapter 223, O.S.L. 2024 (68 O.S. Supp. 2025, Section 2370.1),which relates to tax credits for certain guaranty fees; and providing an effective date.

AI Summary

This bill repeals a specific section of Oklahoma law, 68 O.S. 2021, Section 2370.1, which was previously amended in 2024 and was set to be updated again in 2025. This repealed section dealt with tax credits for certain guaranty fees, which are fees paid to guarantee a loan or other financial obligation, often to encourage lending to small businesses. The bill also specifies that this repeal will take effect on January 1, 2027.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

House A&B Select Agencies Subcommittee Hearing (15:30:00 2/4/2026 Room 5s2) (on 02/04/2026)

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