Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.
Providing for circuit breaker income tax credit for property taxes paid
Allows gross income tax refunds to be credited against taxpayer's delinquent local property taxes.
Allows gross income tax refunds to be credited against taxpayer's delinquent local property taxes.
Allows gross income tax refunds to be credited against taxpayer's delinquent local property taxes.
Students; creating the Oklahoma Parental Choice Tax Credit Act; creating income tax credit for certain taxpayers.
Students; creating the Oklahoma Parental Choice Tax Credit Act; creating income tax credit for certain taxpayers.
Permits taxpayers to deduct the total amount of State property taxes paid on principal residence from gross income tax obligation.
Permits taxpayers to deduct the total amount of State property taxes paid on principal residence from gross income tax obligation.
To Create An Income Tax Credit For Taxpayers Sixty-five (65) And Older In An Amount Equal To The Taxpayer's Property Tax Payment On A Homestead.