{"data":{"id":"us-ok/okla.-stat.-tit.-46-46-314","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 46, § 46-314","heading":"Duties of account holders","body":"A. The account holder of a home buyer savings account:\n\n1. Shall not use funds held in a home buyer savings account to\n\npay expenses of administering the account, except that a service fee\n\nmay be deducted from the account by a financial institution in which\n\nthe account is held;\n\n2. Shall submit to the Oklahoma Tax Commission, with the\n\naccount holder's Oklahoma income tax return:\n\na. on forms prepared by the Oklahoma Tax Commission,\n\ndetailed information regarding the home buyer savings\n\naccount, including a list of transactions for the\n\naccount during the tax year, and\n\nb. The Form 1099 issued by the financial institution for\n\nsuch account; and\n\n3. Shall submit to the Oklahoma Tax Commission, upon a\n\nwithdrawal of funds from a home buyer savings account, a detailed\n\naccount of the eligible costs toward which the account funds were\n\napplied and a statement of the amount of funds remaining in the\n\naccount, if any.\n\nB. An account holder may withdraw funds, in whole or in part,\n\nfrom a home buyer savings account and deposit the funds in a new\n\nhome buyer savings account held by a different financial institution\n\nor the same financial institution.","path":["OK Code","Title 46"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os46.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3789d69ebc9d824fa35d84c67e2a8d1410b4683c25a0d022c6d479c64bc4bcad","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-46-46-313","next":"us-ok/okla.-stat.-tit.-46-46-315"},"notice":"GroundRules: Original legal text. Not legal advice."}