The Oklahoma Tax Commission is giving taxpayers an important notice concerning filing franchise taxes one last time after the tax officially ended in Oklahoma.
House Bill 1039X, which contained the measure to eliminate the franchise tax, automatically became law Friday, five business days after it fully cleared the Oklahoma State Legislature.
A bill that in part eliminates Oklahoma's franchise tax is on its way to Gov. Kevin Stitt's desk for final approval.
The Oklahoma Senate Finance Committee met Monday and passed several bills that are crucial to reshaping Oklahoma's tax system.
In Oklahoma, we seek to create an environment where businesses can strive to grow free from unnecessary government interference while providing valuable goods and services to Oklahomans. Unfortunately, the state’s franchise tax, also referred to as the Capital Stock Tax, prevents some businesses from growing to their fullest potential, which in turn impedes businesses from creating jobs and expanding the state’s workforce.
The Oklahoma House of Representatives passed a bill to eliminate the state's franchise tax.
A bill to eliminate the state's franchise tax passed an Oklahoma House of Representatives subcommittee.
