§ 624.3. Refund of adverse economically targeted and home office credit deductions
Oklahoma Statutes AnnotatedTitle 36. Insurance
36 Okl.St.Ann. § 624.3
§ 624.3. Refund of adverse economically targeted and home office credit deductions
B. Any taxpayer adversely affected by a requirement of the Oklahoma Insurance Department for deducting home office credits after the deduction of economically targeted credits in computation of the taxpayer's insurance premium tax liabilities for the period January 2003, through December 2006, shall be granted a refund, pursuant to the provisions of Section 624.2 of this title, for the difference between the insurance premium tax liability as it would have been computed had the home office credit been deducted prior to economically targeted credits and the insurance premium tax liability as it was actually computed for such periods.
E. Refunds paid on or after July 1, 2007, pursuant to the provisions of this section shall only be paid from those insurance premium taxes and fees that would be apportioned to the General Revenue Fund of the State Treasury. No refund otherwise payable pursuant to the provisions of this section shall be paid from insurance premium taxes or fees that would be apportioned to the Oklahoma Firefighters Pension and Retirement Fund, the Oklahoma Police Pension and Retirement System or the Law Enforcement Retirement Fund.
Credits
Laws 2005, c. 381, § 3, eff. July 1, 2006; Laws 2006, 2nd Ex.Sess., c. 44, § 1, eff. July 1, 2007.
36 Okl. St. Ann. § 624.3, OK ST T. 36 § 624.3
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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