The Oklahoma House of Representatives passed a bill to replace the three-pronged apportionment formula that the state uses to calculate corporate income tax.
The Oklahoma House of Representatives passed a bill to eliminate the state's franchise tax.
The Tax Foundation is highlighting Oklahoma's move to make full expensing permanent as a sterling example of how a state can attract businesses and spur economic growth.
Oklahoma is becoming more tax competitive, having risen in the Tax Foundation's national ranking.
Gov. Kevin Stitt delivered his annual State of the State address Monday, promoting an agenda focused on workforce, tax change and education and infrastructure development.
The Legislative Office of Fiscal Transparency (LOFT) released a report stating their recommendations for modernizing taxes on Oklahoma businesses.
Tax changes went into effect for states across the nation on Jan. 1, and Oklahoma saw some noteworthy changes.
