Oklahoma SB60 modifies apportionment factors for determining taxable income for certain tax years.
Oklahoma SB60 amends the apportionment factors for determining Oklahoma taxable income for certain tax years. It modifies the apportionment factors for unitary business enterprises, including property, payroll, and sales or gross revenue. The bill also adjusts the apportionment factors for transportation enterprises, oil, gasoline, and gas pipeline enterprises, and real estate investment trusts. Additionally, it updates statutory language and references, and specifies an effective date of November 1, 2025.
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