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A franchise tax is a government levy (tax) charged by some US states to certain business organizations such as corporations and partnerships with a nexus in the state. A franchise tax is not based on income. Rather, the typical franchise tax calculation is based on the net worth of capital held by the entity. The franchise tax effectively ...
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.
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, giving you six more months to complete your tax ...
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 ...
Here's how long it takes to get your Oklahoma tax refund, and how to file if you haven't already. Taxpayers have until April 15 to file their 2023 federal and state of Oklahoma income tax returns.
Individual income tax collections made up about one-third of the $13.3 billion in tax revenue collected by Oklahoma in 2023. Studies have shown that a 0.25% reduction could cost the state about ...
The Fortieth Oklahoma Legislature was a meeting of the legislative branch of the government of Oklahoma, composed of the Senate and the House of Representatives. It met in Oklahoma City from January 8, 1985, to January 6, 1987, during the term of Governor George Nigh .
Oklahoma Gov. Stitt champions tax cuts, education innovation at first legislative session. Gannett. Dale Denwalt, The Oklahoman. February 5, 2024 at 5:28 PM.
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