HB 2137 Summary

• Creates the Task Force on Comprehensive Tax Reform for Oklahomans to study and develop a comprehensive plan for revenue-neutral tax reform focused on eliminating taxes while offsetting with credit, exemption, or deduction elimination

• Task force composition includes 9 members: House and Senate tax committee leaders, OMES director, Oklahoma Tax Commission member, two economics professors, and the director of the University of Oklahoma's Center for Economic and Management Research (who serves as chair)

• Requires organizational meeting by September 1, 2013, with majority of members constituting a quorum; task force authorized to meet as necessary with legislative members reimbursed for travel expenses

• Task force must submit final report to Governor, Speaker of House, and Senate President Pro Tempore by December 31, 2014, detailing findings and recommendations on tax system reform

• Task force loses authority to take official action after January 1, 2015, and is automatically dissolved by operation of law on February 1, 2015