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OK SB1892
Bill
Status
2/1/2010
Primary Sponsor
Michael Mazzei
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AI Summary
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Amends 68 O.S. 2001, Section 1353, regarding the Oklahoma Sales Tax Code to update a reference from "Section 6 of this act" to "Section 265 of this title"
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Clarifies apportionment requirements for the Oklahoma Tax Commission and Office of State Finance Joint Computer Enhancement Fund
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Maintains existing fiscal year percentages for allocation of sales tax revenues to various state funds including General Revenue, Education Reform, Teachers' Retirement System, and Tourism funds
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Preserves provision requiring municipalities and counties to receive reimbursement equal to sales tax revenue exempted under certain sections
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Effective date: November 1, 2010
Legislative Description
Revenue and taxation; clarifying reference relating to Oklahoma Sales Tax Code. Effective date.
Revenue and Taxation
Last Action
Pending coauthorship Senator(s) Stanislawski
2/3/2010