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The Johnson Amendment is a provision in the U.S. tax code, since 1954, that prohibits all 501(c)(3) non-profit organizations from endorsing or opposing political candidates. Section 501(c)(3) organizations are the most common type of nonprofit organization in the United States, ranging from charitable foundations to universities and churches.
The steps required to become a nonprofit include applying for tax-exempt status. If States do not require the "determination letter" from the IRS to grant non-profit tax exemption to organizations, on a State level, claiming non-profit status without that Federal approval, then they have actually violated Federal United States Nonprofit Laws.
Drummond filed suit against the board in October 2023 with the Oklahoma Supreme Court, challenging their vote; in addition to the concerns that the decision violated the state's constitution and existing laws, Drummond claimed that federal funding for the state public schools would be at risk by having a nonsecular school within the system. [7]
The Oklahoma Tax Commission is still working through thousands of applications for the state’s new parental choice tax credits, five months after the high-demand program launched.. About $25 ...
Oklahoma has enacted a number of taxes on alcoholic beverages. The alcoholic beverage tax on liquor is an excise tax varying in amount depending on the alcohol by volume of the drink and an excise tax of $11.25 on each barrel of low-alcohol beer sold. A special sales tax of 13.5% is levied on the sale of all mixed drinks.
Some Oklahoma schools use dozens of virtual learning days throughout the school year. Others use five or fewer.
Back-to-school shoppers can take advantage of the tax free weekend in August. Here's what to know.
This limiting of the powers is crucial to obtaining tax exempt status with the IRS and then on the state level. [12] Organizations acquire 501(c)(3) tax exemption by filing IRS Form 1023. [13] As of 2006, the form must be accompanied by an $850 filing fee if the yearly gross receipts for the organization are expected to average $10,000 or more.