HB 1927
Revenue and taxation; Oklahoma taxable income and Oklahoma adjusted gross income; retirement income; exemption; effective date.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends Oklahoma tax law to adjust taxable income and adjusted gross income calculations, specifically addressing retirement income. It provides an exemption for retirement income, adjusts net operating loss deductions, and outlines specific rules for allocating income based on location. Additionally, it includes provisions for agricultural commodity processing facilities, qualified wages, and a safety consultation service exemption.
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