Oklahoma HB1248 amends tax laws to exempt certain wages and retirement benefits, adjust income tax calculations, and introduce new deductions.

Oklahoma HB1248, known as the Senior Service Corps Act of 2025, amends Oklahoma tax laws to exempt wages paid to certain individuals providing support services for public schools from taxable income. It adjusts Oklahoma taxable income by modifying the apportionment factors for property, payroll, and sales. The bill introduces new deductions for contributions to the Oklahoma College Savings Plan, donations of human organs, and certain medical savings accounts. It also exempts specific retirement benefits from taxable income and adjusts the standard deduction for different filing statuses.

Oklahoma HB1248 amends tax laws to exempt certain wages and retirement benefits, adjust income tax calculations, and introduce new deductions.

Oklahoma HB1248, known as the Senior Service Corps Act of 2025, amends Oklahoma tax laws to exempt wages paid to certain individuals providing support services for public schools from taxable income. It adjusts Oklahoma taxable income by modifying the apportionment factors for property, payroll, and sales. The bill introduces new deductions for contributions to the Oklahoma College Savings Plan, donations of human organs, and certain medical savings accounts. It also exempts specific retirement benefits from taxable income and adjusts the standard deduction for different filing statuses.