Oklahoma HB1207 modifies personal income tax rates for certain years and sets an effective date.
Oklahoma HB1207 amends the Oklahoma income tax code to modify personal income tax rates for specific years. It introduces a tiered tax structure for individuals, with different rates applied to various income brackets. The bill also adjusts the tax rate for foreign corporations earning income from Oklahoma sources. The changes are set to take effect on November 1, 2025.
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