Franchise Tax in Oklahoma

If your corporation in Oklahoma is a domestic corporation (a corporation organized in Oklahoma) or a foreign corporation (a corporation organized in a state other than Oklahoma), you must file an annual license tax report. The annual report, along with the tax, is payable to the Secretary of State.

The license tax is based on the value of the corporation's capital stock (the total amount of stock authorized for issue by a corporation) and undivided profits, plus the amount of indebtedness maturing three years after issuance. If you are a foreign corporation, the tax is based on the amount of capital employed in Oklahoma. The rate of tax is $1.25 per $1,000 of capital used, invested, or employed in Oklahoma. The minimum fee is $250 and the maximum fee is $20,000. All foreign corporations are required to pay an annual registered agent fee of $100 with the franchise tax return.

The license tax is not payable during the fiscal year during which the corporation has paid an incorporating, filing, or qualifying fee to the Secretary of State.

Related Resources

Income Taxes on Business Income in Oklahoma

Taxes on Business Income in Oklahoma

Be the first to comment...

You must sign in to leave a comment.

Existing Users

New Users

Your email will not be displayed on the site
Not case sensitive
This will be displayed with your comments

By registering you confirm you have read and agree to our Member Agreement. View our Privacy Policy.