How HB 4432 changes current law

Revenue and taxation; adjustments; eliminating limitation on itemization of wagering losses for certain tax years; effective date. · Oklahoma

How this bill changes current law

1 change

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The bill eliminates the limitation on itemization of wagering losses for certain tax years.

  • 68 O.S. 2021, Section 2358

    There shall be a limitation on itemization of wagering losses for tax years beginning after December 31, 2008.

    This change allows taxpayers to fully itemize wagering losses without any limitations for applicable tax years.

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