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OK SB1268

Bill

Status

Introduced

2/6/2012

Primary Sponsor

John Sparks

Click for details

Origin

Senate

2012 Regular Session

AI Summary

  • Amends 68 O.S. 2011, Section 804.1 to clarify that no lien related to estate tax shall attach to any property passing through a decedent's estate, by joint tenancy, or otherwise for deaths occurring on or after January 1, 2010.

  • Eliminates the requirement for an order exempting estate tax liability to authorize release of property or to make real property title marketable.

  • Preserves existing lien obligations for deaths occurring before January 1, 2010.

  • Becomes effective November 1, 2012.

Legislative Description

Estate tax liens; clarifying language. Effective date.

Revenue and Taxation

Last Action

Second Reading referred to Rules

2/7/2012

Committee Referrals

Rules2/7/2012

Full Bill Text

No bill text available