Oklahoma House Bill HB1913

Oklahoma 2022 Regular Session

• Introduced: 2/1/21
• Refer: 2/2/21

Caption

Revenue and taxation; Oklahoma Revenue and Taxation Codes Amendments Act of 2021; effective date.

Impact

The implications of HB1913 for state laws include adjustments in how taxation is structured and applied within Oklahoma. By formalizing amendments to existing tax codes, the bill could affect various stakeholders, including businesses and individuals, thereby influencing overall tax liabilities. The changes are expected to align more closely with financial practices that promote efficiency and transparency in tax collection and distribution.

Summary

House Bill 1913 aims to enact modifications to the existing Oklahoma Revenue and Taxation Codes. Titled as the "Oklahoma Revenue and Taxation Codes Amendments Act of 2021", the bill seeks to establish legal frameworks that would revise specific provisions related to state revenue and taxation policies. It intends to provide a structured approach to updating and amending existing tax statutes, potentially streamlining tax administration and improving compliance across the state.

Contention

While there is no specific mention of notable opposition or support in the provided snippets, the nature of tax legislation often draws attention from a variety of interest groups. Points of contention may arise around how changes in tax codes impact different socioeconomic groups or the overall fiscal health of the state. Stakeholders may express varying opinions on the effectiveness of the proposed amendments in addressing tax fairness or economic competitiveness.