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OK SB954
Bill
AI Summary
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Transfers administration of the computer-assisted mass appraisal system from the Oklahoma Tax Commission's Ad Valorem Division to Oklahoma State University Center for Local Government Technology
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Creates the County Government Modernization Revolving Fund with an $8 million cap, funded by 30% of documentary stamp tax collections, for education, training, research, software, and computer modernization
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Modifies documentary stamp tax revenue distribution: counties retain 30.33% (up from 5%), state receives 39.67%, and 30% goes to the new revolving fund
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Requires county assessors to complete five academic units for advanced accreditation (increased from four), adding mass appraisal procedures as a required topic
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Eliminates the Computer-Assisted Mass Appraisal Implementation Revolving Fund and transfers remaining balances to the new County Government Modernization Revolving Fund, effective July 1, 2014
Legislative Description
Taxes; modifying administration of, and procedures relating to, certain appraisal system; modifying documentary stamp tax levy. Effective date.
Revenue and Taxation
Last Action
Vetoed 06/06/2013
6/6/2013