{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2362","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2362","heading":"Oklahoma taxable income of a part-year resident","body":"individual, nonresident individual, a nonresident trust and a\n\nnonresident estate.\n\nA. For tax years beginning on or after January 1, 1994, the\n\nOklahoma taxable income of a part-year resident individual,\n\nnonresident individual, a nonresident trust and a nonresident estate\n\nshall be calculated following the provisions of Section 2358 of this\n\ntitle as if all income were earned in Oklahoma.\n\nB. Using Oklahoma income tax rates, part-year resident\n\nindividuals, nonresident individuals, nonresident trusts and\n\nnonresident estates shall compute their tax liability on the amount\n\ncomputed in the preceding paragraph.\n\nC. From the liability computed there shall be deducted all\n\nallowable credits to determine the amount of tax due.\n\nD. Part-year resident individuals, nonresident individuals,\n\nnonresident trusts and nonresident estates shall divide adjusted\n\ngross income from Oklahoma sources by the adjusted gross income from\n\nall sources to arrive at the applicable percentage that Oklahoma\n\nadjusted gross income represents of all adjusted income received by\n\nthe taxpayer in the income year.\n\nE. Part-year resident individuals, nonresident individuals,\n\nnonresident trusts and nonresident estates shall multiply the amount\n\nof Oklahoma tax computed by the applicable percentage calculated in\n\nthe preceding paragraph in order to determine the amount of income\n\ntax which must be paid to the State of Oklahoma. Nothing in this\n\nsection shall be construed to allow for greater than one hundred\n\npercent (100%) of a taxpayer's income to be taxed.\n\nF. For purposes of determining the adjusted gross income from\n\nOklahoma, the following shall be includable:\n\n1. The ownership of any interest in real or tangible personal\n\nproperty in this state;\n\n2. A business, trade, profession or occupation carried on in\n\nthis state or compensation for services performed in this state;\n\n3. A business, trade, profession or occupation carried on or\n\ncompensation for services performed partly within and partly without\n\nthis state to the extent allocable and apportionable to Oklahoma as\n\ndetermined under Section 2358 of this title;\n\n4. The distributive share of the Oklahoma part of partnership\n\nincome, gains, losses or deductions;\n\n5. The distributive share of the Oklahoma part of estate or\n\ntrust income, gains, losses or deductions;\n\n6. Income from intangible personal property, including\n\nannuities, dividends, interest and gains from the disposition of\n\nintangible personal property to the extent that such income is from\n\nproperty employed in a trade, business, profession or occupation\n\ncarried on in Oklahoma. A part-year resident individual,\n\nnonresident individual, nonresident trust or nonresident estate,\n\nother than a dealer holding property primarily for sale to customers\n\nin the ordinary course of trade or business, shall not be deemed to\n\ncarry on a business, trade, profession or occupation in Oklahoma\n\nsolely by reason of the purchase and sale of property for its own\n\naccount;\n\n7. The distributive share of the Oklahoma taxable income or\n\nloss of a corporation defined in subchapter S of the Internal\n\nRevenue Code, 26 U.S.C., Section 1361 et seq.;\n\n8. Income received from all sources of wagering, games of\n\nchance or any other winnings from sources within this state.\n\nProceeds which are not money shall be taken into account at their\n\nfair market value; and\n\n9. The distributive share of the Oklahoma part of limited\n\nliability company income, gains, losses or deductions.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"e70e30426ab0f70c3fa299cd8b60a52b8aa1ddc06cbd51b44edb2bff3b940190","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2361","next":"us-ok/okla.-stat.-tit.-68-68-2363"},"notice":"GroundRules: Original legal text. Not legal advice."}