Compare Versions - OK SB747 : Oklahoma 2024 Regular Session

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	3	+	ENGR. H. A. to ENGR. S. B. NO. 747 Page 1 1
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	28	+	ENGROSSED HOUSE AMENDME NT
	29	+	TO
	30	+	ENGROSSED SENATE BILL NO . 747 By: Stephens and Woods of the
	31	+	Senate
	32	+
	33	+	and
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	35	+	May of the House
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4		-	An Act
5		-	ENROLLED SENATE
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	40	+
	41	+
	42	+	[ income tax credit - effective date ]
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	48	+	AUTHOR: Add the following House coauthor : Boles
	49	+
	50	+	AMENDMENT NO. 1. Page 1, Line 8, strike the enacting clause
	51	+
	52	+	Passed the House of Representatives the 27th day of April, 2023.
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	58	+	Presiding Officer of the House of
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	62	+	Passed the Senate the ____ day of _______ ___, 2023.
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	68	+	Presiding Officer of the Senate
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	70	+
	71	+	ENGR. S. B. NO. 747 Page 1 1
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	96	+	ENGROSSED SENATE
6	97		BILL NO. 747 By: Stephens and Woods of the
7	98		Senate
8	99
9	100		and
10	101
11		-	May ~~and Boles~~ of the House
	102	+	May of the House
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15		-	An Act relating to income tax credit; amending 68
16		-	O.S. 2021, Section 2358.7, which relates to vo lunteer
17		-	firefighter tax credit; modif ying credit for certain
18		-	tax years; and providing an effective date.
	106	+	[ income tax credit - effective date ]
19	107
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22		-	SUBJECT: Income tax credit
23		-
24	110		BE IT ENACTED BY THE PEOPLE OF TH E STATE OF OKLAHOMA:
25		-
26	111		SECTION 1. AMENDATORY 68 O.S. 2021, Section 2358.7, is
27	112		amended to read as follows:
28		-
29	113		Section 2358.7. A. For taxable years beginning after December
30	114		31, 2004, there shall be allowed as a credit against the tax imposed
31	115		pursuant to Section 2355 of this title an amount equal to:
32		-
33	116		1. Two Hundred Dollars ($200.00) each year for tax years 2005
34	117		through 2023 and Three Hundred Dollars ($300.00) for tax years 2024
35	118		and subsequent tax years for which a volunteer firefighter provides
36	119		proof of certification as required by s ubsection B of this section;
37	120		and
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39	121		2. Four Hundred Dollars ($400.00) each year for tax years 2005
40	122		through 2023 and Six Hundred Dollars ($600.00) for tax years 2024
41	123		and subsequent tax years following the taxable years for which a
42	124		taxpayer is eligible for the credit provided by paragraph 1 of this
43	125		subsection for a volunteer firefighter providing proof of
44	126		certification as required by subsection D of this section.
45	127
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47		-	ENR. S. B. NO. 747 Page 2
48	153		B. In order to claim the tax credit authorized by paragraph 1
49	154		of subsection A of this section, a v olunteer firefighter shall be
50	155		required to provide adequate documentation to the Oklahoma Tax
51	156		Commission of at least twelve (12) credited hours toward the State
52	157		Support or State Basic Firefighter or Firefighter I from an
53	158		internationally recognized accrediti ng assembly or board, their
54	159		equivalent, or other related fire or emergency medical services
55	160		training approved by the State Fire Marshal Commission and offered
56	161		by Oklahoma State University Fire Service Training or Oklahoma
57	162		Department of Career and Technolog y Education prior to or during the
58	163		first taxable year for which a tax credit is claimed pursuant to
59	164		paragraph 1 of subsection A of this section. For the purpose of
60	165		this subsection, the local fire chief shall be the authority having
61	166		jurisdiction and shall choose and approve all volunteer firefighter
62	167		training in the applicable department.
63		-
64	168		C. For each year subsequent to the first year for which a
65	169		volunteer firefighter may claim the tax credit authorized by
66	170		paragraph 1 of subsection A of this section, in orde r to claim any
67	171		further tax credits pursuant to paragraph 1 of subsection A of this
68	172		section, the volunteer firefighter shall be required to provide
69	173		documentation that the firefighter has completed an additional six
70	174		(6) hours of State Support or State Basic Firefighter or Firefighter
71	175		I from an internationally recognized accrediting assembly or board,
72	176		their equivalent, or other related fire or emergency medical
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73	203		services training approved by the State Fire Marshal Commission
74	204		until such program or its equivalent is completed. For purposes of
75	205		this subsection, equivalency shall be determined by the State Fire
76	206		Marshal Commission and Oklahoma State University Fire Service
77	207		Training. For purposes of this subsection, Firefighter I or
78	208		Firefighter II certifications or t heir equivalents may be provided
79	209		in lieu of the State Support or State Basic Firefighter completion.
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81	210		D. After having completed the State Support or State Basic
82	211		Firefighter program, in order to be eligible for the tax credit
83	212		authorized by paragraph 2 of su bsection A of this section, the
84	213		volunteer firefighter shall:
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86	214		1. Complete at least six (6) hours of continuing education each
87	215		year until the volunteer firefighter completes Intermediate or
88	216		Advanced Firefighter or Firefighter I from an internationally
89	217		recognized accrediting assembly or board, their equivalent, or other
90		-
91		-	ENR. S. B. NO. 747 Page 3
92	218		related fire or emergency medical services training approved by the
93	219		State Fire Marshal Commission or its equivalent. For purposes of
94	220		this paragraph, equivalency shall be determined by the Sta te Fire
95	221		Marshal Commission and Oklahoma State University Fire Service
96	222		Training;
97		-
98	223		2. After completion of Intermediate or Advanced Firefighter or
99	224		Firefighter I from an internationally recognized accrediting
100	225		assembly or board, their equivalent, or other relat ed fire or
101	226		emergency medical services training approved by the State Fire
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102	253		Marshal Commission, the volunteer firefighter shall complete six (6)
103	254		hours of training per year to claim the tax credit. For the purpose
104	255		of this subsection, the local fire chief sha ll be the authority
105	256		having jurisdiction and shall choose and approve all volunteer
106	257		firefighter training in the applicable department;
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108	258		3. Provide documentation from the fire chief of the applicable
109	259		department that the firefighter has been provided and part icipated
110	260		in all annual training as required by federal and state authorities;
111	261		and
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113	262		4. Provide documentation from the fire chief of the applicable
114	263		department that the volunteer firefighter has met the requirements
115	264		under the fire department ’s constitution and bylaws and is a member
116	265		in good standing of the department together with a record of the
117	266		total number of years of service in good standing with such
118	267		department.
119		-
120	268		E. The Office of the State Fire Marshal and the State Fire
121	269		Marshal Commission shall prescribe a reporting form for use by
122	270		volunteer fire departments and by volunteer firefighters in order to
123	271		provide the certifications required by this section.
124		-
125	272		F. The Oklahoma Tax Commission may require copies of such
126	273		reporting form provided by the State Fire Mars hal Commission
127	274		regarding training history to verify eligibility for the tax credits
128	275		provided by this section.
129		-
130	276		SECTION 2. This act shall become effective November 1, 2023.
131	277
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133		-	ENR. S. B. NO. 747 Page 4
134		-	Passed the Senate the 25th day of May, 2023.
	303	+	Passed the Senate the 8th day of March, 2023.
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138	307		Presiding Officer of the Senate
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141		-	Passed the House of Representatives the 25th day of May, 2023.
	310	+	Passed the House of Representatives the ____ day of __________,
	311	+	2023.
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145	315		Presiding Officer of the House
146	316		of Representatives
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148		-	OFFICE OF THE GOVERNOR
149		-	Received by the Office of the Governor this _______ _____________
150		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
151		-	By: _______________________________ __
152		-	Approved by the Governor of the State of Oklahoma this _____ ____
153		-	day of _________________ __, 20_______, at _______ o'clock _______ M.
154	318
155		-	_________________________________
156		-	Governor of the State of Oklahoma
157		-
158		-
159		-	OFFICE OF THE SECRETARY OF STATE
160		-	Received by the Office of the Secretary of State this _______ ___
161		-	day of __________________, 20 _______, at _______ o'clock _______ M.
162		-	By: _______________________________ __

48

153

B. In order to claim the tax credit authorized by paragraph 1

49

154

of subsection A of this section, a v olunteer firefighter shall be

50

155

required to provide adequate documentation to the Oklahoma Tax

51

156

Commission of at least twelve (12) credited hours toward the State

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157

Support or State Basic Firefighter or Firefighter I from an

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158

internationally recognized accrediti ng assembly or board, their

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159

equivalent, or other related fire or emergency medical services

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160

training approved by the State Fire Marshal Commission and offered

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161

by Oklahoma State University Fire Service Training or Oklahoma

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162

Department of Career and Technolog y Education prior to or during the

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first taxable year for which a tax credit is claimed pursuant to

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164

paragraph 1 of subsection A of this section. For the purpose of

60

165

this subsection, the local fire chief shall be the authority having

61

166

jurisdiction and shall choose and approve all volunteer firefighter

62

167

training in the applicable department.

Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB747 Compare Versions