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OK SB1440

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Rob Standridge

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Origin

Senate

2016 Regular Session

AI Summary

  • Removes the January 1, 2017 sunset date for the income tax credit available to child care service providers for expenses incurred to meet national accreditation standards
  • Credit equals 20% of eligible expenses beyond basic state licensing requirements, with unused credits carrying forward for up to 4 years
  • Prohibits credits for eligible expenses incurred on or after January 1, 2018, unless the Oklahoma Legislature reauthorizes the program following evaluation by the Incentive Evaluation Commission
  • Effective date of November 1, 2016

Legislative Description

Tax credit; requiring reauthorization of certain tax credit after evaluation by Incentive Evaluation Commission. Effective date.

Last Action

Second Reading referred to Finance

2/2/2016

Committee Referrals

Finance2/2/2016

Full Bill Text

No bill text available