Oklahoma form franchise tax 2014-2025

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States requiring franchise tax The states are Alabama, Arkansas, California, Delaware, Georgia, Illinois, Louisiana, Mississippi, Missouri, Minnesota, Nevada, New Hampshire, New York, North Carolina, Oklahoma, Tennessee, Texas, Vermont, and the District of Columbia.
Oklahoma: Form FRX-200, Oklahoma Annual Franchise Tax Return A corporation is required to file Form FRX-200 if it did not complete Form 512 Section 2. Form FRX-200 can be completed and payments can be submitted online at the Oklahoma Taxpayer Access Point (OkTAP) here.
Senate Bill 291 by Senator Pugh introduces an income tax credit for Oklahoma residents that activates when state revenue growth exceeds 10% from the previous fiscal year. The measure provides that 5% of the growth will be set aside to fund the credit. This ensures that taxpayers directly benefit.
Forms can be accessed from the OK Tax Commission website. Frequently requested forms can be accessed below. Notice: The Oklahoma Tax Commission is unable to mail forms to individuals or businesses. The forms below are for tax year 2024.
The state of Oklahoma requires all corporations, nonprofits, LLCs, and LPs to file an Annual Franchise Tax Return, Annual Certificate, and/or pay a Registered Agent Fee depending on what type of business you own. Franchise tax returns and registered agent fees must be submitted to the Oklahoma Tax Commission.
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Rep. Jay Steagall, R-Yukon, today filed legislation to phase out Oklahomas personal and corporate income taxes over a decade, with the goal of eliminating the tax entirely by 2035.
Oklahoma got rid of its franchise tax in 2024. Final franchise tax returns were due by June 1, 2024 for those paying the maximum tax, to avoid being delinquent.
Oklahomas franchise tax has been eliminated as part of a comprehensive tax reform plan.

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