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OK HB2775

Bill

Official Source

Status

Passed

4/11/2016

Primary Sponsor

Charles McCall

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Extends the time period before interest accrues on electronically filed income tax refunds from 20 days to 45 days after filing
  • Aligns Oklahoma corporation and partnership return due dates with federal deadlines beginning tax year 2016, setting state returns due 30 days after the federal due date
  • Establishes separate due date provisions for estate and trust returns: April 15 for calendar year filers, or the 15th day of the fourth month after fiscal year close
  • Requires employers to submit an annual withholding tax reconciliation report to the Oklahoma Tax Commission by February 28 via electronic data interchange
  • Effective date of July 1, 2016, with emergency clause for immediate effect upon passage and approval

Legislative Description

Revenue and taxation; income tax; returns; procedures; withholding tax; effective date. Effective date. Emergency.

Last Action

Approved by Governor 04/11/2016

4/11/2016

Committee Referrals

Finance3/10/2016
Appropriations and Budget2/2/2016

Full Bill Text

No bill text available