Okla. Admin. Code § 710:50-15-47

Current through Vol. 42, No. 7, December 16, 2024

Section 710:50-15-47 - Oklahoma military pay deduction

(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.

Okla. Admin. Code § 710:50-15-47

Added at 27 Ok Reg 2881, eff 7-11-10