Oklahoma SB322 modifies corporate income tax rates and effective dates for certain tax years.
Oklahoma SB322 amends the state's income tax code to modify the tax rates for corporations for specific tax years. For the 2008 tax year and subsequent years, the bill sets a 5.25% tax rate on the remainder of corporate income unless a different rate is in effect. The bill also adjusts the tax rates for individuals and modifies withholding requirements. The changes are set to become effective on November 1, 2025.
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