Loading chat...
OK HB3097
Bill
Status
2/6/2012
Primary Sponsor
Cory Williams
Click for details
AI Summary
HB 3097 Summary
-
Repeals 68 O.S. 2011, Sections 1212.1, 1217-1228, which eliminate the Oklahoma Franchise Tax and Oklahoma Business Activity Tax
-
Repeals 18 O.S. 2011, Section 1142.2, which eliminates a credit against certain registration fees
-
Amends 68 O.S. 2011, Section 2370 to remove reference to the Oklahoma Business Activity Tax while maintaining the privilege tax on state banking associations, national banking associations, and credit unions at 6% of taxable income
-
Effective date: July 1, 2012
-
Declared emergency legislation for immediate effect upon passage and approval
Legislative Description
Revenue and taxation; repealer; Oklahoma Business Activity Tax Code; effective date; emergency.
Revenue and Taxation
Last Action
Second Reading referred to Appropriations and Budget
2/7/2012