Oklahoma § 74-5075 - State income tax exemption for sponsor
Full text of Oklahoma Oklahoma Statutes § 74-5075 — State income tax exemption for sponsor, with citation guidance and answers to common questions.
§ 74-5075. State income tax exemption for sponsor
A. For tax years ending before January 1, 2020, income earned
by a sponsor from rental fees, service fees or any other form of
Oklahoma Statutes - Title 74. State Government
payment for services provided to a tenant as an operator of an
incubator, or for providing funding for such a facility, shall be
exempt from state income tax for a period not to exceed ten (10)
years from the date of the tenant's occupancy in an incubator.
B. The Oklahoma Tax Commission shall promulgate rules and
regulations to implement the provisions of this section.
Added by Laws 1987, c. 228, § 5, eff. Jan. 1, 1988. Amended by Laws
1997, c. 230, § 1, eff. Nov. 1, 1997; Laws 2019, c. 320, § 2.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 74-5075
What does Oklahoma Statutes § 74-5075 cover?
Section 74-5075 ("State income tax exemption for sponsor") 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 § 74-5075?
A common citation format is "Oklahoma Statutes § 74-5075" (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 § 74-5075 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.