On Apr. 25, OKL LEG passed bill re revenue and income tax credits.
OKL LEG passed HB 4062 to amend Oklahoma StatutesOKL LEG 68-2370.1 to allow tax credits against taxes imposed by OKL LEG 68.2370, with main office in the State.
Authorized credit may be claimed for guaranty fees paid to SBA on behalf of borrower.
Additionally, eliminated the sunset date for the small business guaranty fee tax credit.
Legislative History
On Feb. 5, 2024, bill introduced in House; on Feb. 19, 2024, bill was passed in House.
On Feb. 20, 2024, bill delivered to Senate; on Apr. 24, 2024, bill was passed in Senate.
On Apr. 25, 2024, bill enrolled; on Apr. 25, 2024, bill was sent to governor for action.
Effectiveness
Upon approval, HB 4062 on tax credits will becomes effective on Nov. 1, 2024.
Apr. 30, 2024 OKL LEG Governor Approval
On Apr. 30, 2024, OKL LEG governor approved bill HB 4062, effective Nov. 1, 2024.
Regulators
OKL LEG
Entity Types
Corp
Reference
Bill, 4/30/2024; Bill HB4062, 4/25/2024; Citation: *OKL LEG* 68.2370, 68-2370.1;
