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§ 1205. Minimum and maximum taxes

Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 12. Franchise Tax Code (Refs & Annos)
68 Okl.St.Ann. § 1205
§ 1205. Minimum and maximum taxes
Currentness
A. In determining the amount of tax to be levied, assessed and collected under the terms of this Article, the maximum amount shall not exceed Twenty Thousand Dollars ($20,000.00).
B. If, as a result of the computation of tax required by Section 1209 of this title, the resulting liability is Two Hundred Fifty Dollars ($250.00) or less, the corporation or other entity shall be exempt from the tax levied by Section 1203 or Section 1204 of this title for such reporting period.

Credits

Laws 1963, c. 366, § 2, emerg. eff. June 18, 1963. Renumbered from Title 68, § 12-1205 by Laws 1965, c. 215, § 2. Laws 2005, c. 388, § 1, eff. July 1, 2006; Laws 2007, c. 136, § 1, eff. Jan. 1, 2008.
68 Okl. St. Ann. § 1205, OK ST T. 68 § 1205
Current with emergency effective legislation through Chapter 125 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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