HB 2881
Revenue and taxation; deduction; broadband equipment; federal funds; effective date.
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows Oklahoma taxpayers who own businesses to deduct certain amounts received from the Oklahoma Broadband Office as part of federal programs like the American Rescue Plan and the BEAD Program. These deductions are related to funds distributed for broadband equipment and services. The bill establishes specific conditions for how these funds must be spent and goes into effect on January 1, 2025.
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