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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 710. Oklahoma Tax Commission |
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Chapter 50. Income |
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Subchapter 15. Oklahoma Taxable Income |
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Part 5. OTHER ADJUSTMENTS TO INCOME |
SECTION 710:50-15-47. Oklahoma military pay deduction
Latest version.
- (a) For tax years beginning before January 1, 2010, individual taxpayers can subtract from Oklahoma adjusted gross income the first One Thousand Five Hundred Dollars ($1,500.00) of salary or compensation earned as a member of any component of the Armed Forces of the United States.(b) For salary or compensation earned on or after January 1, 2010 and before July 1, 2010 individual taxpayers can subtract from Oklahoma adjusted gross income the first One Thousand Five Hundred Dollars ($1,500.00) of salary or compensation earned as a member of any component of the Armed Forces of the United States.(c) For salary or compensation earned on or after July 1, 2010 individual taxpayers can subtract from Oklahoma adjusted gross income all salary or compensation earned as a member of any component of the Armed Forces of the United States.(d) Salary or compensation under this Section does not include retirement benefits.