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Post details: Oklahoma --Corporate, Personal Income Taxes: Decoupling Enacted, Credit and Withholding Provisions Amended
06/05/09
Oklahoma --Corporate, Personal Income Taxes: Decoupling Enacted, Credit and Withholding Provisions Amended
CCH (cch.taxgroup.com) reports:
Legislation has been enacted that decouples the Oklahoma corporate and personal income tax from some of the provisions of the federal American Recovery and Reinvestment Act of 2009 (Recovery Act) (P.L. 111-5), creates a personal income tax exemption for awards for participation in a competitive livestock show event, amends the corporate and personal income tax credit for investment in depreciable property used in manufacturing or aircraft facility, and amends personal income tax withholding semiweekly payment requirements.
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