Oklahoma § 36-6060.16 - Eligibility – Contributions - Exemptions
Full text of Oklahoma Oklahoma Statutes § 36-6060.16 — Eligibility – Contributions - Exemptions, with citation guidance and answers to common questions.
§ 36-6060.16. Eligibility – Contributions - Exemptions
A. The provisions of this act shall also apply to taxpayers who
are not receiving preferred federal tax treatment for a health
savings account pursuant to Section 223 of the Internal Revenue
Code.
B. For taxable years beginning after 2005, a resident of
Oklahoma or an employer shall be allowed to deposit contributions to
a health savings account. The amount of deposit for each year shall
not exceed the maximum contribution amount pursuant to Section 223
of the Internal Revenue Code.
C. Except as provided in Section 6060.18 of this title, the
following are exempt from taxation under the Oklahoma Income Tax
Act:
1. Principal contributed to and interest earned on a health
savings account; and
Oklahoma Statutes - Title 36. Insurance
2. Money reimbursed to an eligible individual or an employee
for qualified medical expenses.
Added by Laws 2005, c. 306, § 3, eff. Nov. 1, 2005. Amended by Laws
2007, c. 269, § 2, emerg. eff. June 4, 2007.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 36-6060.16
What does Oklahoma Statutes § 36-6060.16 cover?
Section 36-6060.16 ("Eligibility – Contributions - Exemptions") 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 § 36-6060.16?
A common citation format is "Oklahoma Statutes § 36-6060.16" (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 § 36-6060.16 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.