STATE OF OKLAHOMA

2nd Session of the 52nd Legislature (2010)

SENATE BILL 1266	By:	Mazzei

AS INTRODUCED

An Act relating to revenue and taxation; amending 68 O.S. 2001, Section 2358.3, limiting time period during which certain deduction can be claimed; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1.     AMENDATORY     68 O.S. 2001, Section 2358.3, is amended to read as follows:
Section 2358.3  A For tax years occurring before January 1, 2011, a person who contributes money to a political party or to a candidate or candidate committee shall be entitled to deduct the amount contributed, not to exceed One Hundred Dollars ($100.00) in any one tax year, from the person's adjusted gross income in the computation of Oklahoma income tax.
SECTION 2.  This act shall become effective November 1, 2010.

52-2-2150	JCR	12/4/2009 2:19:18 PM