Oklahoma § 19-1220 - Tax exemption
Full text of Oklahoma Oklahoma Statutes § 19-1220 — Tax exemption, with citation guidance and answers to common questions.
§ 19-1220. Tax exemption
Districts formed hereunder shall be exempt from all excise taxes
and, further, shall be exempt from payment of assessments in any
general or special taxing district levied upon the property of the
district, whether real, personal, or mixed. Any and all securities
and evidences of indebtedness issued by a district created pursuant
to the Ambulance Service Districts Act and the income interest and
capital gains thereon shall not be subject to the income tax laws of
this state and persons owning or holding the securities and
evidences of indebtedness or their heirs, devisees, successors, or
assigns shall not be required to pay to the State of Oklahoma income
tax upon the profits and capital gains upon the securities and
evidences of indebtedness.
Added by Laws 1974, c. 86, § 20, emerg. eff. April 19, 1974.
Amended by Laws 2010, c. 295, § 19, emerg. eff. June 6, 2010.
Frequently Asked Questions About Oklahoma § 19-1220
What does Oklahoma Statutes § 19-1220 cover?
Section 19-1220 ("Tax exemption") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 19-1220?
A common citation format is "Oklahoma Statutes § 19-1220" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 19-1220 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.