Oklahoma SB1988 increases wire transmission fees and modifies income tax credit application.

Oklahoma SB1988 amends the fee for money transmissions outside the U.S. and U.S. territories, raising it from $5 to $20 for transactions up to $500. It modifies the application process for an income tax credit related to these fees, allowing entities to claim the credit for fees paid during specific tax years. The bill also updates statutory language and references, and it provides an effective date for these changes.

Oklahoma SB1988 increases wire transmission fees and modifies income tax credit application.

Oklahoma SB1988 amends the fee for money transmissions outside the U.S. and U.S. territories, raising it from $5 to $20 for transactions up to $500. It modifies the application process for an income tax credit related to these fees, allowing entities to claim the credit for fees paid during specific tax years. The bill also updates statutory language and references, and it provides an effective date for these changes.