Loading chat...

OK SB1049

Bill

Status

Introduced

2/1/2016

Primary Sponsor

Larry Boggs

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Amends Oklahoma Statutes to require that State Treasury payments be made solely through electronic payment mechanisms, with the State Treasurer authorized to grant exemptions that must be published on the Treasurer's website

  • Allows taxpayers to elect to receive income tax refunds by a method other than card-based disbursement systems (such as prepaid debit cards)

  • Requires notice of the right to opt out of card-based refunds to be included on the face of the Individual Resident Income Tax Return

  • Removes references to "Office of Management and Enterprise Services" throughout the statutes, conforming language to simply refer to "the Director"

  • Effective date: November 1, 2016

Legislative Description

Public finance; modifying requirement for electronic payments; authorizing taxpayer election for refunds from source other than card-based system. Effective date.

Last Action

Second Reading referred to Finance

2/2/2016

Committee Referrals

Finance2/2/2016

Full Bill Text

No bill text available