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Okla. Stat. tit. 68, § 1205

Minimum and maximum taxes

Official textoscn.netlast amended

# 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.

Amendment history

Added by Laws 1963, c. 366, § 2, eff. July 1, 1963. Renumbered from § 12-1205 of this title by Laws 1965, c. 215, § 2. Amended by Laws 2005, c. 388, § 1, eff. July 1, 2006; Laws 2007, c. 136, § 1, eff. Jan. 1, 2008.

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Nearby sections (25 sections)
  1. 1104 · Due date of tax - Delinquency - Reports on leases
  2. 1105 · Failure to make report
  3. 1106 · Exemption - Refund
  4. 1107 · Repealed by Laws 1994, c. 311, § 3, emerg. eff. July 1, 1995
  5. 1108 · Repealed by Laws 1994, c. 311, § 3, emerg. eff. July 1, 1995
  6. 1109 · Repealed by Laws 1994, c. 311, § 3, emerg. eff. July 1, 1995
  7. 1110 · Repealed by Laws 1994, c. 311, § 3, emerg. eff. July 1, 1995
  8. 1111 · Repealed by Laws 1994, c. 311, § 3, emerg. eff. July 1, 1995
  9. 1201 · Corporations and organizations to which article applicable
  10. 1202 · "Doing Business" defined
  11. 1203 · Tax on domestic corporations and business organizations
  12. 1204 · Tax on foreign corporations and business organizations
  13. 1205 · Minimum and maximum taxes
  14. 1206 · Corporations and organization exempted
  15. 1207 · No tax for year in which other tax or fee paid
  16. 1208 · Purpose and disposition of revenue - When due
  17. 1209 · Capital - Computation
  18. 1210 · Annual statement or return
  19. 1211 · Organization of business trust
  20. 1212 · Penalties - Uniform procedure - Operation without license -…
  21. 1212.1 · Moratorium on requirement to pay or remit certain taxes
  22. 1213 · Tax Commission may furnish names - Certificates of compliance or…
  23. 1214 · Exemption from excise and income taxes - License fee
  24. 1215 · Repealed by Laws 2015, c. 79, § 1, eff. Nov. 1, 2015
  25. 1216 · Repealed by Laws 2015, c. 79, § 1, eff. Nov. 1, 2015
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