OK HB2300

Allows taxpayers to designate a portion of their state income tax liability as a donation to Oklahoma Honor Flights on individual and corporate tax returns for tax years beginning after December 31, 2010.

Creates the Oklahoma Honor Flights Revolving Fund administered by the Oklahoma Department of Veterans Affairs to receive and distribute all donations collected through the tax checkoff.

Directs the revolving fund to provide grants to Oklahoma Honor Flights for transporting Oklahoma veterans to Washington, D.C. to visit war memorials honoring their service and sacrifices.

Permits taxpayers who make erroneous donations to file refund claims within three years of the tax return due date, with refund amounts deducted from the following year's donations before distribution.

Becomes effective January 1, 2011.