Section 2355.1D - Application - Meeting Determinations - FindingsA. The provisions of this section shall be applicable with respect to the implementation of the income tax deduction provided pursuant to the provisions of subparagraph b of paragraph 5 of subsection E of Section 2358 of Title 68 of the Oklahoma Statutes which shall be contingent upon a determination by the State Board of Equalization made by a comparison of the revenue collections and revenue deductions described by this section and by consideration of the recommendations and findings of the Special Committee on Soldier Relief.B. In addition to any other duties prescribed by law, at the meeting required by paragraph 1 of Section 23 of Article X of the Oklahoma Constitution to be held in December 2014, the State Board of Equalization shall determine: 1. The amount of state revenue estimated to have been collected and expected to be collected beginning on July 1, 2010, and ending before January 1, 2015, from sales tax, motor vehicle taxes and fees, vehicle excise tax and motor fuel tax from all taxpayers who receive salary or compensation in any form other than retirement benefits from the United States as a member of any component of the Armed Forces of the United States; and2. The amount by which the income tax revenue beginning on July 1, 2010, and ending before January 1, 2015, is estimated to have been reduced by the exemption provided pursuant to subparagraph b of paragraph 5 of subsection E of Section 2358 of Title 68 of the Oklahoma Statutes.C. If the amount determined pursuant to the provisions of paragraph 1 of subsection B of this section is equal to or greater than the amount determined pursuant to the provisions of paragraph 2 of subsection B of this section, the Board shall make a finding that applicable revenue collections will authorize the implementation of the provisions of subparagraph c of paragraph 5 of subsection E of Section 2358 of Title 68 of the Oklahoma Statutes, and the one hundred percent (100%) deduction authorized by subparagraph c of paragraph 5 of subsection E of Section 2358 of Title 68 of the Oklahoma Statutes shall remain in effect.D. If the amount determined pursuant to the provisions of paragraph 1 of subsection B of this section is less than the amount determined pursuant to the provisions of paragraph 2 of subsection B of this section, the Board shall make a finding that applicable revenue collections will not authorize the implementation of the provisions of subparagraph c of paragraph 5 of subsection E of Section 2358 of Title 68 of the Oklahoma Statutes, and the One Thousand Five Hundred Dollar ($1,500.00) deduction authorized by subparagraph d of paragraph 5 of subsection E of Section 2358 of Title 68 of the Oklahoma Statutes shall become effective for the tax year beginning on January 1, 2015, and every year thereafter.Okla. Stat. tit. 68, § 2355.1D
Repealed by Laws 2014 , c. 138, s. 2, eff. 11/1/2014.Added by Laws 2009 , SB 881, c. 436, § 3, eff. 7/1/2010.