SECTION 710:50-15-58. Adjustment for municipal interest

Latest version.

Due to the fact that income earned on obligations of a state or political subdivision is exempt from federal taxation, an Oklahoma Income Tax Return may be required under some circumstances, even though no Federal Return is due. [See: 68 O.S. §2368]

[Source: Amended at 18 Ok Reg 2810, eff 6-25-01]

                    
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