Bonds Exempt from Estate Tax

The following information on Oklahoma bonds and political subdivisions thereof is intended as a guide only and is believed to be accurate. However, final determination should be made by referring to the Oklahoma Constitution and the Oklahoma Statutes.

• Oklahoma Turnpike Bonds (Title 69 O.S. Sec. 1701)
• 1993 Issue of Oklahoma Building Bonds (Title 69 O.S. Sec. 1714)
• 1993 Issue of Oklahoma College Savings Bonds (Title 62 O.S. Sec. 57.305(c))
• Oklahoma General Obligation Bonds (OK Building Bonds of 1992 Series A and Series B)
  (Title 62 O.S. Sec. 57.300)
• Oklahoma Municipal Power Authority Revenue Bonds (Title 11 O.S. Sec. 24)
• Oklahoma Industrial Authority Revenue Bonds (Title 62 O.S. Sec. 659)
• Oklahoma Capitol Improvement Authority Bonds (Title 73 O.S. Sec. 168.6 and 177.1)

For deaths occurrring on or after January 1, 2006, the list has been expanded to include income from all bonds, notes or other obligations issued by the State of Oklahoma, the Oklahoma Capital Improvement Authority, the Oklahoma Municipal Power Authority, the Oklahoma Student Loan Authority, and the Oklahoma Transportation Authority (formerly Turnpike Authority) is exempt from Oklahoma estate tax. The profit from the sale of such bond, note or other obligation shall be free from taxation.