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OK HB2985

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Chris Kannady

Click for details

Origin

House of Representatives

2016 Regular Session

AI Summary

  • Amends 68 O.S. 2011, Section 3204 regarding documentary tax stamps and county clerk collection responsibilities.
  • Deletes requirement that county clerks pay the 5% administration fee from stamp sales into the county general fund.
  • Maintains that 95% of the first $0.55 collected from each $0.75 stamp sale goes to the State General Revenue Fund.
  • Specifies that the remaining $0.20 of each $0.75 collected shall be paid into the county general fund.
  • Becomes effective November 1, 2016.

Legislative Description

Revenue and taxation; deleting requirement that county clerks pay certain monies into the county general fund; effective date.

Last Action

Second Reading referred to Rules

2/2/2016

Committee Referrals

Rules2/2/2016

Full Bill Text

No bill text available