• Contact
Wednesday, July 9, 2025
  • Login
Oklahoma Business Voice
  • Home
  • News
    • All
    • Aerospace
    • Childcare
    • Education
    • Energy & Environment
    • Federal
    • Film & Television Industry
    • Finance
    • Health Care
    • Innovation
    • Issues Affecting Oklahomans
    • OBV One-on-One
    • Opinion
    • Politics & Elections
    • Taxes & Budget
    • Tribal
    • Workforce Development
    Hand of a person casting a vote into the ballot box during elections

    New Oklahoma law sets less election days, counts on strong voter presence

    Courtney Warmington, Dustin Hilliary, Steven Taylor and Mitch Adwon. From Oklahoma State Regents of Higher Education

    Oklahoma State Regents for Higher Education elect board leaders

    Beautiful sunset cloudy sky from aerial view. Airplane view above clouds

    Oklahoma Aerospace $353 million airport construction investment takes off

    Emerging Aviation Technology Center

    Choctaw Nation opens aviation tech research facility in SE Oklahoma

  • Sign UpNEW
  • About
  • Contact
  • Advertise With Us!
No Result
View All Result
  • Home
  • News
    • All
    • Aerospace
    • Childcare
    • Education
    • Energy & Environment
    • Federal
    • Film & Television Industry
    • Finance
    • Health Care
    • Innovation
    • Issues Affecting Oklahomans
    • OBV One-on-One
    • Opinion
    • Politics & Elections
    • Taxes & Budget
    • Tribal
    • Workforce Development
    Hand of a person casting a vote into the ballot box during elections

    New Oklahoma law sets less election days, counts on strong voter presence

    Courtney Warmington, Dustin Hilliary, Steven Taylor and Mitch Adwon. From Oklahoma State Regents of Higher Education

    Oklahoma State Regents for Higher Education elect board leaders

    Beautiful sunset cloudy sky from aerial view. Airplane view above clouds

    Oklahoma Aerospace $353 million airport construction investment takes off

    Emerging Aviation Technology Center

    Choctaw Nation opens aviation tech research facility in SE Oklahoma

  • Sign UpNEW
  • About
  • Contact
  • Advertise With Us!
No Result
View All Result
Oklahoma Business Voice
No Result
View All Result
Home News Finance
New year tax changes go into effect in Oklahoma

New year tax changes go into effect in Oklahoma

Hicham Raache by Hicham Raache
January 16, 2023
in Finance, Issues Affecting Oklahomans, News, Taxes & Budget
Reading Time: 1 min read
Share on FacebookShare on Twitter

OKLAHOMA (OBV) – Tax changes went into effect for states across the nation on Jan. 1, and Oklahoma saw some noteworthy changes.

Oklahoma is now the first state to offer businesses a permanent 100 percent bonus depreciation allowance (full expensing) for qualifying investments in equipment and machinery, according to TaxFoundation.org.

The enactment of House Bill 3418 this past May enabled the change to 100 percent bonus depreciation despite the federal government’s scheduled bonus depreciation allowance phasedown, per Section 168(k), which allows only 80 percent bonus depreciation in 2023.

Another Sooner State tax change – this one created by Senate Bill 1339 – requires marketplace facilitators to comply with local taxes levied on retail sales of tangible personal property in the state, which is in addition to the sales and use taxes from online sales that they were already responsible for collecting and remitting.

Tags: Oklahomataxtax lawtaxes
ShareTweetShare
Previous Post

Oklahoma sees record high for gross receipts but also revenue slowdown

Next Post

Gov. Stitt orders creation of task force to make sweeping Oklahoma workforce changes

Related Posts

Hand of a person casting a vote into the ballot box during elections
News

New Oklahoma law sets less election days, counts on strong voter presence

July 8, 2025
Courtney Warmington, Dustin Hilliary, Steven Taylor and Mitch Adwon. From Oklahoma State Regents of Higher Education
Education

Oklahoma State Regents for Higher Education elect board leaders

July 8, 2025
Beautiful sunset cloudy sky from aerial view. Airplane view above clouds
Aerospace

Oklahoma Aerospace $353 million airport construction investment takes off

July 8, 2025
Emerging Aviation Technology Center
Aerospace

Choctaw Nation opens aviation tech research facility in SE Oklahoma

July 7, 2025
Oklahoma Coliseum, photo from City of Oklahoma City
News

MAPS 4-funded OG&E Coliseum now open in Oklahoma City

July 7, 2025
Governor Kevin Stitt
News

Oklahoma City lawyers sue Gov. Stitt over business courts

July 3, 2025
Next Post
Oklahoma State Capitol

Gov. Stitt orders creation of task force to make sweeping Oklahoma workforce changes

Oklahoma Business Voice

© 2023 Oklahoma State Chamber.
Powered by High Five Media.
Privacy Policy

Navigate Site

  • Home
  • News
  • Sign Up
  • About
  • Contact
  • Advertise With Us!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Sign Up
  • About
  • Contact
  • Advertise With Us!

© 2023 Oklahoma State Chamber.
Powered by High Five Media.
Privacy Policy

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.