§ 283. Aggregate business filing and remittance
Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation
68 Okl.St.Ann. § 283
§ 283. Aggregate business filing and remittance
A. For all taxable years which begin on or after January 1, 2016, the Oklahoma Tax Commission shall establish forms and procedures for an aggregate business filing and remittance. At the election of a person or entity doing business in this state, the aggregate business filing may be used as a single filing in lieu of the filing of separate returns, applications or other annual filings required pursuant to the Oklahoma Income Tax Act,1 the Franchise Tax Code2 and the fee required pursuant to paragraph 18 of subsection A of Section 1142 of Title 18 of the Oklahoma Statutes. The computation of tax liability and the amount of any fees determined by use of the aggregate business filing shall be in all respects identical to the computation of such liability pursuant to the Oklahoma Income Tax Act, the Franchise Tax Code and the Oklahoma General Corporation Act;3 provided the remittance procedure shall provide for a single remittance, payment or schedule pursuant to the requirements of subsections G, H and I of Section 2368 of Title 68 of the Oklahoma Statutes.
B. In order to use the aggregate business filing and remittance procedures for a taxable period, a person or entity doing business in this state shall make an election on a form and according to a schedule prescribed by the Oklahoma Tax Commission. Such election shall authorize the person or entity to use the aggregate business filing and remittance procedures in lieu of the filing and remittance procedures otherwise required but shall not exempt or otherwise limit the liability of the taxpayer for amounts due pursuant to the Oklahoma Income Tax Act, the Franchise Tax Code and the Oklahoma General Corporation Act.
7. Otherwise has a nexus with this state to an extent that the person can be required to remit the tax imposed under the Oklahoma Income Tax Act, the Franchise Tax Code and, that which is required pursuant to the Oklahoma General Corporation Act but otherwise remitted to the Oklahoma Tax Commission.
Credits
Laws 2015, c. 156, § 1, eff. Nov. 1, 2015.
68 Okl. St. Ann. § 283, OK ST T. 68 § 283
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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