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The State levies a gross production tax on the removal of natural products from Oklahoma's land or water. The gross production tax was established in 1910 to tax the extraction of natural gas and oil. With the elimination of State-level property taxation, the gross production tax began an important source of State revenue.
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 ...
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 ...
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 ...
More: Oklahoma's attorney general will appeal injunction blocking state anti-ESG law. The 2017 Tax Cuts and Jobs Act increased the standard deduction, which the United Philanthropy Forum said in ...
Here's how long it takes to get your Oklahoma tax refund. ... April 15 to file their 2023 federal and state of Oklahoma income tax returns. ... state income taxpayers will fill out Form 511, ...
The Board is responsible for determine the assessment ratio for all air carrier, railroad, and public service corporation property in the state. The Board is responsible for providing an estimate of all revenue that will be available for appropriation by the Oklahoma Legislature for the coming year fiscal year .
If you bought a house this year, and are living in it by Jan. 1, 2024, it's time to be thinking about filing for a homestead exemption to trim your property tax bill.
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