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Idea to send:	Topic Invest in Oklahoma Content The Oklahoma Tax code allows up to a $200 deduction for interest earned from an Oklahoma bank, credit union, or other financial institution. This encourages the public to deposit their money in local banks.Why not a similar deduction for dividends earned from investments in corporations chartered in Oklahoma? Make the first $500 in dividends and capital gains earned from investments in Oklahoma chartered corporations deductible to encourage the public to invest in Oklahoma corporations.