{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2370.2","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2370.2","heading":"Subchapter S elections","body":"Except as otherwise provided for in the Pass-Through Entity Tax\n\nEquity Act of 2019, a state banking association or national banking\n\nassociation having an election in effect under subchapter S of the\n\nInternal Revenue Code for any tax year beginning after December 31,\n\n1996, in reporting items of income, loss, deductions and credits\n\nproportionately to its shareholders for inclusion in their taxable\n\nincomes, shall use as a basis items of income, loss, deductions and\n\ncredits of such banking association as shown on its federal income\n\ntax return, subject to modifications as set forth in Sections 2358\n\nand 2362 of this title.","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":"0bc982cea23d76eddfc583e217f7b20da03119b91baaa51d0c0df207ef146add","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2370.1","next":"us-ok/okla.-stat.-tit.-68-68-2372"},"notice":"GroundRules: Original legal text. Not legal advice."}