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OK SB21
Bill
Status
3/14/2011
Primary Sponsor
Jabar Shumate
Click for details
AI Summary
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Allows taxpayers to donate a portion of their state income tax refund to support music festivals in the Historic Greenwood District, effective for tax years beginning after December 31, 2010.
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Creates the "Historic Greenwood District Music Festival Revolving Fund" administered by the Oklahoma Historical Society to receive and manage donated funds.
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Permits taxpayers to claim refunds of erroneous donations within 3 years, with refund amounts deducted from the following year's total donations and redirected to the Income Tax Withholding Refund Account.
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Specifies that all donated monies are appropriated to the Oklahoma Historical Society for promoting and supporting music festivals in the Historic Greenwood District.
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Takes effect November 1, 2011.
Legislative Description
Income tax refunds; providing for donation from income tax refund for music festivals in Historic Greenwood District; creating revolving fund. Codification. Effective date.
Revenue and Taxation
Last Action
Title restored
4/14/2011