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OK HB2357

Bill

Status

Passed

5/15/2017

Primary Sponsor

Leslie Osborn

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

House Bill 2357 Summary

  • Amends 68 O.S. 2011, Section 1212 regarding franchise tax procedures and penalties for delinquent tax filings and payments

  • Increases the reinstatement fee for corporations, associations, or organizations whose charter or rights have been suspended from $15.00 to $150.00

  • Reinstatement of a suspended charter requires payment of accrued fees, penalties, and the reinstatement fee, plus demonstration of full compliance with Oklahoma state laws

  • Becomes effective July 1, 2017, with an emergency clause allowing immediate effect upon passage and approval

Legislative Description

Revenue and taxation; franchise tax procedures; reinstatement fee amount for suspension of certain rights; effective date; emergency.

Last Action

Approved by Governor 05/12/2017

5/15/2017

Committee Referrals

Appropriations and Budget4/12/2017

Full Bill Text

No bill text available