Oklahoma § 70-6014 - Tax exemptions and deductions - Sale or transfer of
Full text of Oklahoma Oklahoma Statutes § 70-6014 — Tax exemptions and deductions - Sale or transfer of, with citation guidance and answers to common questions.
§ 70-6014. Tax exemptions and deductions - Sale or transfer of
advance tuition contracts.
A. The property of the Trust and its income and operation shall
be exempt from all taxation by this state or any of its political
subdivisions.
B. The purchaser may deduct from taxable income the amount of
payment made under an advance tuition payment contract during the
tax year.
C. An advance tuition payment contract is not a security
subject to regulation by the state. An advance tuition contract may
not be sold or otherwise transferred by the purchaser or qualified
beneficiary without the prior approval of the Regents.
Added by Laws 1988, c. 261, § 15, emerg. eff. June 29, 1988.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 70-6014
What does Oklahoma Statutes § 70-6014 cover?
Section 70-6014 ("Tax exemptions and deductions - Sale or transfer of") 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 § 70-6014?
A common citation format is "Oklahoma Statutes § 70-6014" (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 § 70-6014 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.