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The Oklahoma Tax Commission (OTC) is the Oklahoma state government agency that collects taxes and enforces the taxation and revenue laws of the state. The Commission is composed of three members appointed by the Governor of Oklahoma and confirmed by the Oklahoma Senate. The Commissioners are charged with oversight of the agency but appoint an ...
Taxpayers have until April 15 to file their 2023 federal and state of Oklahoma income tax returns. Millions will file earlier to get their tax refund cash.
Tax returns for federal and Oklahoma state income taxes are due April 15. To file for an extension, taxpayers can fill out Form 4868 by April 15, ...
Income taxes are steadily increased as a major State revenue source since 1933 when the Oklahoma Constitution was amended to prohibit State-level taxation of property. Income taxes are now the largest source of revenue for the State government, accounting for approximately 38% of total state revenue - 32% from individuals and 6% from corporations.
Approximately $10 billion is deposited each year at the state treasurer's office into the Oklahoma State Treasury. This includes state tax revenues, such as income tax and gross production tax receipts; federal funds, such as matching funds for highway construction; and other tax revenues, such as the motor fuel tax, which are collected by the ...
Every little bit helps when it comes to saving on taxes. Here's what to know about the homestead exemption in Oklahoma including manufactured housing.
Collects State taxes and enforces tax laws State Banking Department: 40: $8,038,459.97: Regulates financial institutions Firefighters Pension and Retirement System: 10: $21,491,616.92: Provides retirement benefits for State's firefighters Law Enforcement Retirement System: 5: $5,102,979.64: Provides retirement benefits for State government law ...
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