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The early rush of applicants was expected because of the way the Oklahoma tax-credit program is designed. Funding for the tax credits was capped by the state Legislature at $150 million this year ...
Tens of thousands of Oklahoma families applied for private school tax credits within minutes of the program’s launch, potentially consuming the entire $150 million budget after an hour and a ...
The Oklahoma Tax Commission has approved submitted emergency rules to implement the state’s new school choice tax credits. The approval was unanimous, but the rules must still be approved by Gov ...
Oklahoma has enacted a number of taxes on alcoholic beverages. The alcoholic beverage tax on liquor is an excise tax varying in amount depending on the alcohol by volume of the drink and an excise tax of $11.25 on each barrel of low-alcohol beer sold. A special sales tax of 13.5% is levied on the sale of all mixed drinks .
The Oklahoma Tax Commission (OTC) is the Oklahoma state government agency that collects taxes and enforces the taxation and revenue laws of the state. The Commission is composed of three members appointed by the Governor of Oklahoma and confirmed by the Oklahoma Senate. The Commissioners are charged with oversight of the agency but appoint an ...
Money portal. v. t. e. A tax credit is a tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe the state. [1] It may also be a credit granted in recognition of taxes already paid or a form of state "discount" applied in certain cases.
Schreiber’s bill, which advanced by an 86-8 vote, would create a tax credit for Oklahoma employers who share in the cost of child care with employees. Businesses would receive a 30% tax credit ...
Here's how long it takes to get your Oklahoma tax refund, and how to file if you haven't already. Taxpayers have until April 15 to file their 2023 federal and state of Oklahoma income tax returns.
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