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OK HB3005

Bill

Official Source

Status

Introduced

2/6/2012

Primary Sponsor

Sally Kern

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • Amends 68 O.S. 2011, Section 3603 regarding the Oklahoma Quality Jobs Program Act

  • Modifies the "net benefit rate" definition by changing the cap from a fixed 5% to the highest individual income tax rate authorized under Section 2355 of Oklahoma tax law

  • Ensures the net benefit rate adjustment applies automatically if the individual income tax rate changes in the future

  • Declares an emergency, making the act effective immediately upon passage and approval

Legislative Description

Revenue and taxation; Oklahoma Quality Jobs Program Act; net benefit rate; effective date; emergency.

Revenue and Taxation

Last Action

Motion expired

3/14/2012

Committee Referrals

Appropriations and Budget2/7/2012

Full Bill Text

No bill text available