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OK SB2184
Bill
AI Summary
SB 2184 Summary
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Modifies the volunteer firefighter income tax credit to expire for taxable years ending before January 1, 2011, and creates a new credit structure for taxable years beginning after December 31, 2010.
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Creates a tiered tax credit system with amounts of $200, $300, $400, or $500 per year depending on firefighter training and certification levels completed.
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Requires volunteer firefighters to provide documentation of training completion through Oklahoma State University Fire Service Training program and certifications from their fire department chiefs to claim credits.
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Mandates the State Fire Marshal prescribe a uniform reporting form and requires OSU Fire Service Training to provide standardized documentation of training hours to assist with tax credit administration.
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Effective January 1, 2011.
Legislative Description
Revenue and taxation; modifying dates during which income tax credit may be claimed by volunteer firefighters; creating income tax credit for volunteer firefighters after certain date; setting amount of and requirements for credit; requiring certain documentation. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/2/2010