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OK HB1416

Bill

Official Source

Status

Engrossed

3/11/2013

Primary Sponsor

Michael Mazzei

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Amends the Oklahoma Quality Jobs Program Act (68 O.S. 2011, Section 3603) to modify net benefit rate computation provisions
  • Adds a new provision allowing a net benefit rate up to 6% for establishments employing United States military veterans in at least 10% of gross payroll
  • Establishes a floor of 5% net benefit rate for qualifying establishments that employ veterans in at least 10% of payroll
  • Changes punctuation from period to semicolon in the change in control event definition section
  • Effective date: November 1, 2013

Legislative Description

Tax credits; coal and zero emission facilities; limiting transfer; refund; effective date.

Revenue and Taxation

Last Action

Motion to suspend rule failed

5/20/2013

Committee Referrals

Finance3/19/2013
Economic Development and Financial Services2/5/2013

Full Bill Text

No bill text available