Oklahoma 2024 Regular Session

Oklahoma House Bill HB2331

Introduced
2/6/23  

Caption

Revenue and taxation; municipal taxation; effective date.

Impact

This bill provides a framework for municipalities to enhance their revenue collection mechanisms. By establishing a clear set of regulations around municipal taxation, cities and towns can ensure they maintain compliance and uniformly apply tax obligations. One notable addition is the stipulation that tax revenues not allocated for specific purposes must be deposited into the municipal general fund, which could lead to improved budgeting and financial management at the local level.

Summary

House Bill 2331 aims to amend the municipal taxation laws in Oklahoma, specifically targeting the provisions outlined in Title 68, Section 2701. The bill modifies existing regulations regarding how incorporated cities and towns can levy, assess, and collect taxes for municipal purposes, similar to state governmental taxation. One of the main changes includes clarity on the authority of municipalities to impose uniform taxes on various classes of taxpayers while prohibiting certain taxes, like ad valorem property taxes and earnings taxes on nonresidents.

Contention

However, the bill may also spark debate around local autonomy and taxation authority. Some stakeholders may argue that imposing restrictions on how often municipalities can propose new tax ordinances could limit local governments' ability to respond to changing community needs. Additionally, the requirement for voter approval for certain tax levies might be viewed as a hurdle for municipalities seeking to implement necessary taxes for local projects or services.

Companion Bills

OK HB2331

Carry Over Revenue and taxation; municipal taxation; effective date.

Previously Filed As

OK HB2331

Revenue and taxation; municipal taxation; effective date.

OK HB1039

Revenue and taxation; sales tax holiday; school supplies; effective date; emergency.

OK HB1568

Revenue and taxation; sales tax; exemption; nonprofit entities; revenues; effective date; emergency.

OK HB1953

Revenue and taxation; income tax; income tax rates; effective date.

OK HB1009

Revenue and taxation; sales tax exemption; veterans; effective date.

OK HB1887

Revenue and taxation; sales tax exemption; nonprofit museum; effective date; emergency.

OK HB1653

Revenue and taxation; sales tax exemption; nonprofit; children; effective date; emergency.

OK HB2316

Revenue and taxation; sales tax; definitions; occasional sales; effective date; emergency.

OK HB2317

Revenue and taxation; sales tax; rolling stock; effective date.

OK HB2027

Revenue and taxation; sales tax exemption; hearing aids; effective date; emergency.

Similar Bills

No similar bills found.