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OK HB2763

Bill

Official Source

Status

Engrossed

3/11/2014

Primary Sponsor

Roger Ballenger

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

ENGR. H. B. NO. 2763 Summary

  • Allows individual taxpayers a $5,000 annual income tax deduction for each grandchild in their custody under a court order, regardless of filing status.

  • Applies to taxable years beginning after December 31, 2014.

  • The deduction is intended to offset expenses incurred by grandparents who provide care for their grandchildren.

  • Effective date: January 1, 2015.

Legislative Description

Revenue and taxation; providing income tax deduction for grandchild care; effective date.

Revenue and Taxation

Last Action

Second Reading referred to Finance

3/17/2014

Committee Referrals

Finance3/17/2014
Appropriations and Budget2/4/2014

Full Bill Text

No bill text available