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OK HB3364

Bill

Official Source

Status

Introduced

2/3/2014

Primary Sponsor

Jon Echols

Click for details

Origin

House of Representatives

2014 Regular Session

AI Summary

HB 3364 Summary

  • Authorizes a state income tax credit equal to 100% of fines imposed on natural persons under the Patient Protection and Affordable Care Act for the 2014 tax year only.

  • The tax credit cannot reduce income tax liability below zero and cannot be carried over to future tax years.

  • Establishes a new section of Oklahoma law codified as Section 2357.501 of Title 68 to implement this tax provision.

  • The act becomes effective January 1, 2014.

Legislative Description

Revenue and taxation; income tax credit; fines; Patient Protection and Affordable Care Act; effective date.

Health Care

Last Action

Title stricken

2/27/2014

Committee Referrals

Appropriations and Budget2/4/2014

Full Bill Text

No bill text available