Oklahoma SB43 exempts wagering losses from the itemized deduction limit for certain tax years.
Oklahoma SB43 amends the state's income tax code to exempt wagering losses from the itemized deduction limit for tax years beginning on or after January 1, 2006, and before January 1, 2007. The bill also updates statutory language and references, and it specifies an effective date of November 1, 2025.
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- Core Provisions
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- Legal Framework
- Critical Issues
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