Oklahoma HB1208 modifies the state's income tax rates for different filing statuses and taxable years.
Oklahoma HB1208 amends the state's income tax rates, affecting various filing statuses and taxable years. For married individuals filing jointly and surviving spouses, the bill sets specific tax brackets for taxable years beginning on or after January 1, 2004. It also outlines tax rates for single individuals and married individuals filing separately, depending on whether they deduct federal income tax. The bill further details tax rates for corporations and foreign corporations, with specific rates for taxable years beginning after December 31, 2021.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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