KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

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SB2055 • 2026

Income tax; eliminating income tax for corporations owned by US citizens: eliminating privilege tax

Income tax; eliminating income tax for corporations owned by US citizens: eliminating privilege tax

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Last action
2026-02-03
Official status
REF TO REVTAX
Effective date
Not listed

Plain English Breakdown

The plain English breakdown is still being put together. The official documents below are already here.

Bill History

  1. 2026-02-03 Oklahoma Legislature

    REF TO REVTAX

Official Summary Text

Income tax; eliminating income tax for corporations owned by US citizens: eliminating privilege tax