Turner v. Oklahoma Tax Commission

WATT, Justice.

This is an appeal from the Tax Commission’s order of March 17, 1992 denying the Turners’ claim for refund of income taxes paid on a lump sum distribution from a qualified pension plan. The Court of Appeals, Division 3, reversed and instructed the Commission to grant Taxpayers’ refund claim. We granted certiorari on April 19, 1993.

FACTS

The parties have stipulated to the facts pertinent to this matter. The Turners received a lump sum distribution of $231,-*434089.00 from a qualified pension plan during their taxable year ending July 31, 1982. The Turners used the 1981 version of…