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This remained unchanged until the 1980s when the revenues were redirected back to the General Fund. Additionally, throughout the 1980s, the tax rate was gradually increased from two percent to four percent. In 1990, the passage of the "Education Reform Act" increased the State sales tax rate to its present four and a half percent.
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 ...
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
Oklahoma's total revenue in August amounted to $1.27 billion, a 1.9% increase over August 2023, according to the latest gross receipt report.
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, giving you six more months to complete your tax ...
The proposal was the first Senate bill filed ahead of the 2025 legislative session, which starts in February.
In 2011, the Oklahoma Legislature passed the Government Administrative Process Consolidation and Reorganization Act of 2011. This consolidated the duties and responsibilities of the Oklahoma Secretary of Human Resources and Administration into those of the Finance Secretary, thereby greatly increasing the duties and authority of the position.