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OK HB2192
Bill
Status
2/3/2025
Primary Sponsor
Max Wolfley
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AI Summary
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Creates an income tax credit of up to $5,000 per tax year for certified public accountants employed by or contracting with the Oklahoma State Treasurer's Office or Oklahoma State Auditor and Inspector's Office on or after January 1, 2026
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Allows qualified employees to claim the credit for a maximum of five years during their lifetime, with the flexibility to claim in nonconsecutive tax years
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Permits unused credits to be carried forward to each of the five subsequent taxable years
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Prohibits the credit from reducing tax liability below zero and applies to taxable years beginning after December 31, 2025 and ending before January 1, 2030
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Becomes effective November 1, 2025
Legislative Description
Revenue and taxation; income tax credit; certified public accountant; effective date.
Last Action
Referred to Appropriations and Budget Finance Subcommittee
2/4/2025