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OK SB921

Bill

Official Source

Status

Introduced

2/1/2016

Primary Sponsor

Jon Echols

Click for details

Origin

Senate

2016 Regular Session

AI Summary

  • Amends 68 O.S. 2011, Section 2906 regarding property tax relief credits for persons 65 years or older or totally disabled who are heads of household with gross income not exceeding $12,000

  • Eliminates the property tax relief credit for taxable years beginning on or after January 1, 2018, unless reauthorized by the Oklahoma Legislature

  • Requires claimants to be residents domiciled in Oklahoma during the entire preceding calendar year, with only one claim allowed per household per year

  • Effective date of November 1, 2016

Legislative Description

Income tax credits; modifying time period during which certain credit for property tax relief may be claimed. Effective date.

Last Action

coauthored by Yen

2/29/2016

Committee Referrals

Finance2/2/2016

Full Bill Text

No bill text available