Oklahoma 2022 Regular Session

Oklahoma House Bill HB2089 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SENATE FLOOR VERSION - HB2089 SFLR Page 1
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	3	+	ENGR. H. B. NO. 2089 Page 1 1
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29		-	SENATE FLOOR VERSION
30		-	April 7, 2021
31		-
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33	28		ENGROSSED HOUSE
34	29		BILL NO. 2089 By: McCall, O'Donnell, Phillips
35	30		and Boles of the House
	31	+
36	32		and
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38		-	McCortney and Jech of the
39		-	Senate
	34	+	McCortney of the Senate
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45	40		An Act relating to income tax; providing credit for
46	41		income from compensation related to certain practice
47	42		of medicine or osteopa thic medicine; defining terms;
48	43		providing for amount of credit; providing limitations
49	44		on use of credit; specifying time period during which
50	45		credit is allowed; requiring Oklahoma Tax Commission
51	46		to calculate and publish certain estimate; providing
52	47		for suspension of credit under certain circumstances;
53	48		providing for codification; and providing an
54	49		effective date.
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59	54		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
60	55		SECTION 1. NEW LAW A new section of law to be codified
61	56		in the Oklahoma Statutes as Section 2357.410 of Title 68, unless
62	57		there is created a duplication in numbering, reads as follows:
63	58		A. Except as provided in subsection F of this section, for
64	59		taxable years beginning after December 31, 202 1, there shall be
65	60		allowed a credit against the tax imposed pursuant to Section 2355 of
66	61		Title 68 of the Oklahoma Statutes on taxable income from
67	62		compensation directly related to the practice of medicine or
	63	+	osteopathic medicine by a qualifying doctor in a rural area of the
	64	+	state.
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69		-	SENATE FLOOR VERSION - HB2089 SFLR Page 2
70		-	(Bold face denotes Committee Amendments) 1
	66	+	ENGR. H. B. NO. 2089 Page 2 1
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95		-	osteopathic medicine by a qua lifying doctor in a rural area of the
96		-	state.
97	91		B. For purposes of this section:
98	92		1. "Qualifying doctor" means a medical doctor or osteopathic
99	93		physician:
100	94		a. who is licensed in this state by the State Board of
101	95		Medical Licensure and Supervision or the State Board
102	96		of Osteopathic Examiners either on or after the
103	97		effective date of this act or at any time within the
104	98		period two (2) years prior to the effective date of
105	99		this act, but not earlier than January 1, 20 20,
106	100		b. who has graduated from a college of medicine or
107	101		osteopathic medicine located in this state or has
108	102		completed his or her residency in this state, and
109	103		c. whose primary residence is located within the same
110	104		county as the rural area where the compensation
111	105		qualifying for credit under this paragraph was earned
112	106		or whose primary residence is located within the
113	107		jurisdiction of a federally recognized tribe and is
114	108		directly employed by a tribally owned or operated
115	109		health facility or federal Indian Health Service
116	110		facility. For purposes of this subparagraph, the
117	111		qualifying doctor must maintain the primary residence
118	112		either within the county or within the jurisdiction of
	113	+	the federally recognized tribe for the entire taxable
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120		-	SENATE FLOOR VERSION - HB2089 SFLR Page 3
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	115	+	ENGR. H. B. NO. 2089 Page 3 1
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146		-	the federally recognized tribe for the entire taxable
147	140		year for which the credit otherwise authorized by this
148	141		section is claimed; and
149	142		2. "Rural area" means any municipality or unincorporated
150	143		location in Oklahoma which:
151	144		a. has a population not exceeding twenty -five thousand
152	145		(25,000) as determined by the most recent Federal
153	146		Decennial Census, and
154	147		b. is at least twenty-five (25) miles from the boundary
155	148		of the nearest municipality in Oklahoma with a
156	149		population exceeding twenty-five thousand (25,000) as
157	150		determined by the most recent Federal Decennial
158	151		Census.
159	152		C. The amount of the credit provided by this section claimed by
160	153		a taxpayer in any tax year shall not exceed Twenty -five Thousand
161	154		Dollars ($25,000.00).
162	155		D. The credit authorized by this section shall not be used to
163	156		reduce the tax liability of the taxpayer to less than zero.
164	157		E. Except as provided in subsection F of this section, a
165	158		qualifying doctor who first claims the credit provided by this
166	159		section shall be allowed the credit for up to four (4) subsequent
167	160		taxable years so long as he or she qualifies pursuant to subsection
168	161		B of this section.
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170		-	SENATE FLOOR VERSION - HB2089 SFLR Page 4
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	163	+	ENGR. H. B. NO. 2089 Page 4 1
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196	188		F. 1. Annually the Oklahoma Tax Commission shall calculate and
197	189		publish an estimate of the cumulative total credits claimed du e to
198	190		the provisions of this section.
199	191		2. The credit provided by this section shall not be allowed for
200	192		any taxable year following a year when the Oklahoma Tax Commission
201	193		calculates an estimate under the provisions of paragraph 1 of this
202	194		subsection in excess of One Million Dollars ($1,000,000.00).
203	195		SECTION 2. This act shall become effective January 1, 202 2.
204		-	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS
205		-	April 7, 2021 - DO PASS
	196	+	Passed the House of Representatives the 9th day of March, 2021.
	197	+
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	201	+	Presiding Officer of the House
	202	+	of Representatives
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	205	+	Passed the Senate the ___ day of __________, 2021.
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	210	+	Presiding Officer of the Senate