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OK SB975
Bill
Status
2/1/2016
Primary Sponsor
Jason Smalley
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AI Summary
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Amends 68 O.S. 2011, Section 6101 to provide a rebate equal to two-thirds (2/3) of Multiple Injury Trust Fund assessments paid by qualifying workers' compensation carriers
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Limits rebate eligibility to workers' compensation carriers with 150 or more full-time, year-round Oklahoma employees who maintain a home office in Oklahoma in a building owned or leased by the carrier
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Applies to assessments for calendar years beginning on or after January 1, 2016, while preserving rebate rights for assessments paid in prior calendar years
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Requires annual submission of proof of qualification on forms prescribed by the Oklahoma Tax Commission; late applications filed after May 31 result in a 10% reduction in rebate amount
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Effective date of January 1, 2017
Legislative Description
Rebates; modifying provisions relating to rebate for assessments paid to the credit of Multiple Injury Trust Fund. Effective date.
Last Action
Second Reading referred to Finance
2/2/2016