Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 50 - Income
Subchapter 15 - Oklahoma Taxable Income
Part 5 - OTHER ADJUSTMENTS TO INCOME
Section 710:50-15-58 - Adjustment for municipal interest
Universal Citation: OK Admin Code 710:50-15-58
Current through Vol. 42, No. 1, September 16, 2024
Due to the fact that income earned on obligations of a state or political subdivision is exempt from federal taxation, an Oklahoma Income Tax Return may be required under some circumstances, even though no Federal Return is due. [See: 68 O.S. § 2368 ]
Amended at 18 Ok Reg 2810, eff 6-25-01
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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