SB 292
Income tax; modifying certain income tax rate for certain tax years. Effective date.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the Oklahoma income tax rates for certain tax years. It adjusts the individual income tax rates, particularly for years before 2006 and after 2021, implementing different tax brackets and rates based on taxable income. Additionally, it amends the banking privilege tax rate and updates statutory references. The bill also introduces a new, lower income tax rate for tax years beginning after December 31, 2021.
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