OK HB2209

Oklahoma Tax Commission must prepare incidence impact analysis at the request of the Chair of the House Appropriations and Budget Committee Finance Subcommittee or the Senate Finance Committee for bills or tax proposals that increase, decrease, or redistribute taxes by more than $20,000,000.

Analysis shall report on incidence effects showing distribution of tax burden changes across income classes, taxpayer characteristics, or other relevant categories using measures such as the Suits index or similar systemwide indexes.

Report must include analysis of effects on representative taxpayers and a statement of the incidence assumptions used in computing tax burdens.

Incidence analyses shall use the broadest measure of economic income for which reliable data is available.

Effective date is November 1, 2017.