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OK SB1666
Bill
AI Summary
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Modifies Oklahoma income tax brackets for married individuals filing jointly and heads of households beginning January 1, 2011
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Increases the taxable income threshold for the 4% tax bracket from $2,400 to $4,600 for married filers/heads of household
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Increases the taxable income threshold for the 5% tax bracket from $2,800 to $3,000 for married filers/heads of household
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Maintains the top marginal tax rate of 5.25% contingent upon State Board of Equalization determination under Section 2355.1A
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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