Loading chat...

OK SB46

Bill

Official Source

Status

Introduced

2/3/2025

Primary Sponsor

Darrell Weaver

Click for details

Origin

Senate

2025 Regular Session

AI Summary

Senate Bill 46 Summary

  • Amends Oklahoma income tax law (68 O.S. 2021, Section 2358) to update statutory language and references regarding income tax adjustments.

  • Adds new provision requiring subtraction of state and local income tax refunds, credits, or offsets (as reported on federal Form 1099-G) from adjusted gross income beginning in tax year 2026.

  • Updates various references throughout the statute, including replacing "Oklahoma" with "this state" in multiple locations for consistency.

  • Effective date: November 1, 2025.

Legislative Description

Income tax; exempting certain income tax refunds from taxation. Effective date.

Last Action

Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

2/4/2025

Committee Referrals

Revenue and Taxation2/4/2025

Full Bill Text

No bill text available