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OK HB3603
Bill
Status
2/2/2026
Primary Sponsor
Mark Lepak
Click for details
AI Summary
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Amends Oklahoma's income tax code (68 O.S. 2021, Section 2358) regarding adjustments to taxable income and adjusted gross income for corporations and individuals
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Modifies provisions for determining the sales factor situs of tangible personal property in the income apportionment formula used by multistate businesses
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Removes language stating that sales have an Oklahoma situs when property is shipped from Oklahoma and "the taxpayer is not doing business in the state of the destination of the shipment"
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Retains the provision that sales to the United States government shipped from Oklahoma are considered to have an Oklahoma situs
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Effective date: January 1, 2027
Legislative Description
Revenue and taxation; income tax; taxable income; business entities; computation; effective date.
Last Action
Second Reading referred to Rules
2/3/2026