us-ok/stat
Okla. Stat. tit. 68, § 2355.1P-3
Purpose - Apportionment
# A.
It is hereby declared to be the purpose of the Pass-Through
Entity Tax Equity Act of 2019 to establish a revenue-neutral mechanism to provide a more fair and simplified taxation of passthrough entities and their members in this state while maintaining revenue levels for support of general governmental functions of the State of Oklahoma.
# B.
All monies collected pursuant to the provisions of subsection A of Section 2358 of Title 68 of the Oklahoma Statutes shall be apportioned in the same manner as provided in paragraph 1 of Section 2352 of Title 68 of the Oklahoma Statutes if the tax is computed based upon a distribution made to one or more individuals, trusts and estates and shall be apportioned in the same manner as provided in paragraph 2 of Section 2352 of Title 68 of the Oklahoma Statutes if the tax is computed based upon a distribution to a corporation or to a pass-through entity as such term is defined in Section 2 of this act.
Amendment history
Added by Laws 2019, c. 201, § 3, emerg. eff. April 29, 2019.
Source: view the official text
Nearby sections (25 sections)
- 2354 · Optional transitional deduction
- 2355 · Tax imposed - Classes of taxpayers
- 2355.1 · Repealed by Laws 1980, c. 68, § 1, emerg. eff. April 10, 1980
- 2355.1A · Determinations by State Board of Equalization - Income tax…
- 2355.1B · Determination of initial baseline amount of revenue…
- 2355.1C · Special Committee on Soldier Relief
- 2355.1D · Repealed by Laws 2014, c. 138, § 2, eff. Nov. 1, 2014
- 2355.1E · Repealed by Laws 2014, c. 195, § 3
- 2355.1F · Implementation of 5% top marginal rate
- 2355.1G · Repealed by Laws 2017, c. 267, § 2, eff. Nov. 1, 2017
- 2355.1P-1 · Short title - Pass-Through Entity Tax Equity Act of 2019
- 2355.1P-2 · Definitions
- 2355.1P-3 · Purpose - Apportionment
- 2355.1P-4 · Calculation of tax
- 2355.2 · Oklahoma Taxpayer Relief Revolving Fund
- 2357 · Credits against tax
- 2357.1 · Solar energy system defined
- 2357.1A-1 · Task Force for the Study of State Tax Credits and Economic…
- 2357.1A-2 · Transfer or allocation of tax credits - Reporting
- 2357.2 · Repealed by Laws 1996, c. 289, § 10, emerg. eff. July 1, 1996
- 2357.4 · Business credit for investment or increase in full-time…
- 2357.6 · Repealed by Laws 2013, c. 363, § 4, eff. Jan. 1, 2014
- 2357.7 · Credit for investments in qualified venture capital companies
- 2357.7A · Commission to file annual report on qualified venture capital…
- 2357.8 · Qualified venture capital company - Annual report - Written…