The following changes were made to the Oklahoma tax code for tax year 2023.
Changes to credits
- The Deduction for Adoption Expenses has been replaced with the Credit for Adoption Expenses.
- The Credit for Qualified Clean-Burning Motor Vehicle Fuel Property was expanded. It now includes equipment installed to modify a motor vehicle that's propelled by a hydrogen fuel cell, effective for property placed in service on or after July 1, 2023.
What's new with refunds?
The option to receive a refund as a paper check has been added. A minimum refund of at least $10 is required to receive a paper check. If a paper check is requested for an amount less than $10, a debit card will be issued.
Further Information
For more information, please click here.