Oklahoma HB1209 modifies income tax rates for individuals and other taxpayers for specific tax years.
Oklahoma HB1209 amends the state's income tax code to adjust tax rates for different categories of taxpayers for specific tax years. For individual taxpayers, it sets different tax brackets and rates for taxable years beginning after December 31, 1998, and before January 1, 2006. It also modifies rates for married individuals filing jointly and surviving spouses, as well as heads of households. The bill further details tax rates for trusts, estates, and fiduciaries, and imposes a 4% tax on income received from sources within Oklahoma.
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