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OK SB1666

Bill

Status

Introduced

2/1/2010

Primary Sponsor

Jay Gumm

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Modifies Oklahoma income tax brackets for married individuals filing jointly and heads of households beginning January 1, 2011

  • Increases the taxable income threshold for the 4% tax bracket from $2,400 to $4,600 for married filers/heads of household

  • Increases the taxable income threshold for the 5% tax bracket from $2,800 to $3,000 for married filers/heads of household

  • Maintains the top marginal tax rate of 5.25% contingent upon State Board of Equalization determination under Section 2355.1A

  • Effective date: January 1, 2011

Legislative Description

Revenue and taxation; modifying income tax brackets for certain filers during certain time period. Effective date.

Revenue and Taxation

Last Action

Second Reading referred to Finance

2/2/2010

Committee Referrals

Finance2/2/2010

Full Bill Text

No bill text available