Oklahoma HB2190 amends the Revenue Code to adjust taxable income and adjusted gross income, modifying exemptions for retirement income and other.
Oklahoma HB2190 amends the Revenue Code to adjust taxable income and adjusted gross income for various entities and individuals. It modifies exemptions for retirement income, including Social Security benefits and military retirement benefits. The bill also adjusts the exemption amount for income derived from certain government pension plans and retirement plans. Additionally, it exempts certain income from taxable income, such as contributions to medical savings accounts and Oklahoma College Savings Plan accounts. The bill provides an effective date of January 1, 2026.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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