OK SB1085

Oklahoma individual and corporate income tax return forms for tax years beginning after December 31, 2016, must include a checkoff option allowing taxpayers to donate all or part of their tax refund to the state General Revenue Fund, or make a direct donation

Creates the "Income Tax Checkoff Revolving Fund for the Support of the Oklahoma General Revenue Fund" in the State Treasury as a continuing fund not subject to fiscal year limitations

All donated funds are deposited to the General Revenue Fund, with appropriations subject to Section 23 of Article X of the Oklahoma Constitution

Taxpayers who donate in error may file a refund claim within 3 years of the tax return due date

Effective date: January 1, 2017