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OK HB2448

Bill

Official Source

Status

Introduced

2/6/2012

Primary Sponsor

Marty Quinn

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Repeals the Oklahoma Franchise Tax and Oklahoma Business Activity Tax (sections 1212.1, 1217-1228 of 68 O.S. 2011)

  • Repeals a credit against registration fees in 18 O.S. 2011, Section 1142.2

  • Amends 68 O.S. 2011, Section 2370 to modify references to the Oklahoma Business Activity Tax in the privilege tax for state banking associations, national banks, and credit unions

  • Establishes an effective date of July 1, 2012, with an emergency clause allowing immediate effectiveness upon passage and approval

Legislative Description

Revenue and taxation; Oklahoma Business Activity Tax Code; effective date; emergency.

Revenue and Taxation

Last Action

Second Reading referred to Appropriations and Budget

2/7/2012

Committee Referrals

Appropriations and Budget2/7/2012

Full Bill Text

No bill text available