SB1401 — Insurance premium tax; modifying rate for certain fiscal years; limiting home office credit to certain fiscal years. Effective date. Emergency.

SB1401 — Insurance premium tax; modifying rate for certain fiscal years; limiting home office credit to certain fiscal years. Effective date. Emergency. · Informed CitizenrySB1401 amends Oklahoma law regarding insurance premium taxes and credits. The bill establishes a scheduled reduction of the insurance premium tax rate from 2.25% to 1.96%, effective July 1, 2026. I…Open in Informed Citizenry