Oklahoma - SB412 - 2017

Income tax credits; creating the Ignite Oklahoma Act; authorizing tax credit for qualified investment in start-up business. Effective date.

View Latest Bill

Economic Development

Added On: 03-24-2017
Updated On: 08-01-2018
Status: Introduced
Primary Sponsor: Kyle Loveless (Republican)

Actions (3)

  • 02-06-2017 - Authored by Senator Loveless
  • 02-06-2017 - First Reading
  • 02-07-2017 - Second Reading referred to Appropriations

News (1)

Lawmakers introduce bill to ignite investment in Oklahoma - Norman Transcript
Published by normantranscript.com
Tue, 07 Feb 2017 19:35:36 GMT

SB 412 allows an investor in a qualified, Oklahoma-based start-up company to offset some of the tax liability on their return should the investment be profitable. The bill, known as the Ignite Oklahoma Act, requires the investment be made in a new ...