Oklahoma § 70-6014 Tax exemptions and deductions - Sale or transfer of

Oklahoma Statutes

§ 70-6014 — Tax exemptions and deductions - Sale or transfer of

Oklahoma § 70-6014

Title 70Schools

This text of Oklahoma § 70-6014 (Tax exemptions and deductions - Sale or transfer of) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 70, § 70-6014 (2026).

Text

advance tuition contracts.

A.The property of the Trust and its income and operation shall be exempt from all taxation by this state or any of its political subdivisions.

B.The purchaser may deduct from taxable income the amount of payment made under an advance tuition payment contract during the tax year.

C.An advance tuition payment contract is not a security subject to regulation by the state. An advance tuition contract may not be sold or otherwise transferred by the purchaser or qualified beneficiary without the prior approval of the Regents.

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advance tuition contracts. A. The property of the Trust and its income and operation shall be exempt from all taxation by this state or any of its political subdivisions. B. The purchaser may deduct from taxable income the amount of payment made under an advance tuition payment contract during the tax year. C. An advance tuition payment contract is not a security subject to regulation by the state. An advance tuition contract may not be sold or otherwise transferred by the purchaser or qualified beneficiary without the prior approval of the Regents.