SB 323
Income tax; modifying rate for certain corporations for certain tax years. Effective date.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
This bill modifies the Oklahoma income tax rates for certain corporations. Specifically, it changes the tax rates for taxable years beginning after December 31, 2021, establishing a tiered system with rates of 4%, 3%, 2%, and 1% depending on the corporation’s taxable income and the year. It also amends the banking privilege tax rate and updates statutory references. The bill takes effect November 1, 2025.
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yoursRead the latest version inline or switch to a previous version.