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

Oklahoma Statutes

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

Oklahoma·Title 70 Schools

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Oklahoma § 70-6014 (Tax exemptions and deductions - Sale or transfer of) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.