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OK HB1156
Bill
Status
2/2/2015
Primary Sponsor
John Montgomery
Click for details
AI Summary
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Exempts from taxable income all wages and compensation paid to nonresidents performing temporary services for Oklahoma public utilities or rural electric cooperatives beginning in taxable years after December 31, 2015.
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Requires services to be performed at the request of or in cooperation with the utility to restore electric or gas service following a natural disaster, including tornado, severe storm, wind, hail, or ice damage.
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Limits "temporary basis" services to no more than 14 days during a calendar year.
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Requires the Governor to declare a state of emergency in response to the natural disaster for the exemption to apply.
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Effective date of November 1, 2015.
Legislative Description
Revenue and taxation; exempting from taxable income wages and compensation paid to persons performing temporary services for certain public utilities; effective date.
Revenue and Taxation
Last Action
Referred to Appropriations and Budget Revenue and Taxation Subcommittee
2/3/2015