Oklahoma Remittance Tax
The Remittance Tax is NOT "OK!" |
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| Posted 07/26/2009 Editorial - Pls. note: The following editorial DOES reflect the view of the NMTA. - ed. It's a pig: Remittance bill another attempt at punishment of illegal immigrants 07/26/2009 By Mike Jones Associate Editor, Tulsa World |
| Posted 07/20/2009 White Paper NMTA Report to Members on the New Money Transmitter "Fee" in Oklahoma |
| Officials defend wire transfer fee for funding drug-enforcement... July 2, 2009... By Marie Price... Journal Record (subscription) - Oklahoma City, OK, USA... "....Landsman predicted that people who live near a border with another state will cross the line to send money in a fee-free state, give it to family members or friends to do that for them, or open a bank account. He said the measure amounts to a bill of attainder. A bill of attainder is a piece of legislation that was created to punish a certain person or sector of persons, Landsman said. This is unconstitutional. |
| Oklahoma House Bill 2250 (Under 'Measure Number' enter HB 2250, then click retrieve). Oklahoma State Bureau of Narcotics and Dangerous Drugs Control; adding fee assessment for convictions of certain crimes; authorizing fee assessment for wire transactions; creating the Drug Money Laundering and Wire Transmitter Revolving Fund; establishing tax credit; authorizing motor vehicle purchase. Effective date. Emergency. |
| April 2008 - Recent Historical Context for This Law Up for a Fight State Laws Challenged in Court as Lawmakers Take on Immigration As states seek to fill the void in immigration policy left by the federal government, statewide immigration laws in Oklahoma, Arizona and Illinois face lawsuits and costly court battles. By Mikel Chavers, State News, April 2008 |
| Fee Notice Counter Card |
| Tax Credit Notice to Oklahoma Taxpayers Pursuant to HB 2250, as of July 1, 2009, a drug enforcement and money laundering fee will be attached to each wire transaction in the State of Oklahoma. This fee is $5.00 for the first $500.00 and 1% thereafter. If you file an Oklahoma Tax Return, you may be eligible for a tax credit equal to the amount of the fee remitted. |
| Click here to read the email licensees received, notifying us of the new fee with only one weeks notice. |
