Okla. Stat. tit. 68, § 68-2364
This is the official text of Okla. Stat. tit. 68, § 68-2364, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Estates, trusts and beneficiaries
Official statutory text
A. The Oklahoma taxable income or loss of an estate, trust or
any beneficiary of either shall be the same portion of that reported
for federal income tax purposes as the Oklahoma income, gains,
losses or deductions determined under applicable provisions of this
act for said estate, trust and/or beneficiary bears to the federal
income, gains, losses or deductions. Amounts allowable under the
Oklahoma Estate Tax Law as deductions in computing the taxable
estate of a decedent shall not be allowed as deductions in computing
the taxable income of the estate or of any other person unless there
is filed, as provided in Internal Revenue Code, Section 642, or any
provisions comparable thereto, the statement required therein and if
such waiver is filed then to the extent allowed as a deduction for
income tax purposes, such amount shall not be allowed for estate tax
purposes.
B. A beneficiary of a trust shall exclude from Oklahoma taxable
income any excess distributions by trusts required to be included in
the beneficiary's federal taxable income by reason of Sections 665
through 669 of the Internal Revenue Code, or any provisions
comparable thereto.
any beneficiary of either shall be the same portion of that reported
for federal income tax purposes as the Oklahoma income, gains,
losses or deductions determined under applicable provisions of this
act for said estate, trust and/or beneficiary bears to the federal
income, gains, losses or deductions. Amounts allowable under the
Oklahoma Estate Tax Law as deductions in computing the taxable
estate of a decedent shall not be allowed as deductions in computing
the taxable income of the estate or of any other person unless there
is filed, as provided in Internal Revenue Code, Section 642, or any
provisions comparable thereto, the statement required therein and if
such waiver is filed then to the extent allowed as a deduction for
income tax purposes, such amount shall not be allowed for estate tax
purposes.
B. A beneficiary of a trust shall exclude from Oklahoma taxable
income any excess distributions by trusts required to be included in
the beneficiary's federal taxable income by reason of Sections 665
through 669 of the Internal Revenue Code, or any provisions
comparable thereto.
Status: in_force · Read it on the official government site
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