Oklahoma HB3377 amends tax code to adjust income and gross income, establish deductions, and exempt certain income from taxation.
Oklahoma HB3377 modifies the state's income tax code by adjusting Oklahoma taxable income and Oklahoma adjusted gross income. It establishes deductions for qualified tips, contributions to certain savings plans, and expenses related to human organ donations. The bill also exempts specific types of income from taxation, including retirement benefits for military personnel and federal civil service retirees, certain Social Security benefits, and income from the sale of property held for a certain period.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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