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SB293
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Oklahoma Senate Bill SB293

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Oklahoma 2025 Regular Session

Oklahoma Senate Bill SB293 Compare Versions

Only one version of the bill is available at this time.

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1	1
2	2
3	3
4	4		Req. No. 199 Page 1 1
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52	52
53	53		STATE OF OKLAHOMA
54	54
55	55		1st Session of the 60th Legislature (2025)
56	56
57	57		SENATE BILL 293 By: Burns
58	58
59	59
60	60
61	61
62	62
63	63		AS INTRODUCED
64	64
65	65		An Act relating to tax; amending 68 O.S. 2021,
66	66		Section 2355, as last amended by Section 1, Chapter
67	67		27, 1st Extraordinary Session, O.S.L. 2 023 (68 O.S.
68	68		Supp. 2024, Section 2355), which relates to income
69	69		tax; modifying certain income tax rate for certain
70	70		tax years; updating statutory language; updating
71	71		statutory references; and providing an effective
72	72		date.
73	73
74	74
75	75
76	76
77	77		BE IT ENACTED BY THE PEOP LE OF THE STATE OF OKLAHOMA:
78	78		SECTION 1. AMENDATORY 6 8 O.S. 2021, Section 2355, as
79	79		last amended by Section 1, Chapter 27, 1st Extraordinary Session,
80	80		O.S.L. 2023 (68 O.S. Supp. 2024, Section 2355), is amended to read
81	81		as follows:
82	82		Section 2355. A. Individuals. For all taxable years beginning
83	83		after December 31, 1998, and before January 1, 2006, a tax is hereby
84	84		imposed upon the Oklahoma taxable income of every resident or
85	85		nonresident individual, which tax shall be computed at the opti on of
86	86		the taxpayer under one of the two following methods:
87	87		1. METHOD 1.
88	88
89	89
90	90		Req. No. 199 Page 2 1
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138	138
139	139		a. Single individuals and married individuals filing
140	140		separately not deducting federal income tax:
141	141		(1) 1/2% tax on first $1,000.00 or part thereof,
142	142		(2) 1% tax on next $1,500.00 or part thereof,
143	143		(3) 2% tax on next $1,250.00 or part thereof,
144	144		(4) 3% tax on next $1,150.00 or part thereof,
145	145		(5) 4% tax on next $1,300.00 or part thereof,
146	146		(6) 5% tax on next $1,500.00 or part thereof,
147	147		(7) 6% tax on next $2,300.00 or part thereof, and
148	148		(8) (a) for taxable years beginning after December
149	149		31, 1998, and before January 1, 2002, 6 .75%
150	150		tax on the remainder,
151	151		(b) for taxable years beginning on or after
152	152		January 1, 2002, and before January 1, 2004,
153	153		7% tax on the remainder, and
154	154		(c) for taxable years beginning o n or after
155	155		January 1, 2004, 6.65% tax on the remainder.
156	156		b. Married individuals filing jointly and surviving
157	157		spouse to the extent and in the manner that a
158	158		surviving spouse is permitted to file a joint return
159	159		under the provisions of the Internal Revenue Code of
160	160		1986, as amended, and heads of households as defined
161	161		in the Internal Reven ue Code of 1986, as amended, not
162	162		deducting federal income tax:
163	163
164	164
165	165		Req. No. 199 Page 3 1
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214	214		(1) 1/2% tax on first $2,000.00 or part thereof,
215	215		(2) 1% tax on next $3,000.00 or part thereof,
216	216		(3) 2% tax on next $2,500.00 or part thereof,
217	217		(4) 3% tax on next $2,300.00 or part thereof,
218	218		(5) 4% tax on next $2,400.00 or part thereof,
219	219		(6) 5% tax on next $2,800.00 or part thereof,
220	220		(7) 6% tax on next $6,000.00 or part thereof, and
221	221		(8) (a) for taxable years beginning after December
222	222		31, 1998, and before January 1, 2002, 6.75%
223	223		tax on the remainder,
224	224		(b) for taxable years beginning on or after
225	225		January 1, 2002, and before January 1, 2004,
226	226		7% tax on the remainder, and
227	227		(c) for taxable years beginning on or after
228	228		January 1, 2004, 6.65% tax on the remainder.
229	229		2. METHOD 2.
230	230		a. Single individuals and married individuals filing
231	231		separately deducting federal income tax:
232	232		(1) 1/2% tax on first $1,000.00 or part thereof,
233	233		(2) 1% tax on next $1,500.00 or part thereof,
234	234		(3) 2% tax on next $1,250.0 0 or part thereof,
235	235		(4) 3% tax on next $1,150.00 or part thereof,
236	236		(5) 4% tax on next $1,200.00 or part thereof,
237	237		(6) 5% tax on next $1,400.00 or part thereof,
238	238
239	239
240	240		Req. No. 199 Page 4 1
241	241		2
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288	288
289	289		(7) 6% tax on next $1,500.00 or part thereof,
290	290		(8) 7% tax on next $1,500.00 or part thereof,
291	291		(9) 8% tax on next $2,000.00 or part thereof,
292	292		(10) 9% tax on next $3,500.00 or part thereof, and
293	293		(11) 10% tax on the remainder.
294	294		b. Married individuals filing jointly and surviving
295	295		spouse to the extent and in the manner that a
296	296		surviving spouse is permitted to file a joint return
297	297		under the provisions of the Internal Revenue Code of
298	298		1986, as amended, and heads of households as defined
299	299		in the Internal Revenue Code of 1986, as amended,
300	300		deducting federal income tax:
301	301		(1) 1/2% tax on the first $2,000.00 or part thereof,
302	302		(2) 1% tax on the next $3,000.00 or part thereof,
303	303		(3) 2% tax on the next $2,500.00 or part thereof,
304	304		(4) 3% tax on the next $1,400.00 or part thereof,
305	305		(5) 4% tax on the next $1,500.00 or part thereof,
306	306		(6) 5% tax on the next $1,600.00 or part thereof,
307	307		(7) 6% tax on the next $1,250.00 or part thereof,
308	308		(8) 7% tax on the next $1,750.00 or part thereof,
309	309		(9) 8% tax on the next $3,000.00 or part thereof,
310	310		(10) 9% tax on the next $6,000.00 or part thereof, and
311	311		(11) 10% tax on the remainder.
312	312
313	313
314	314		Req. No. 199 Page 5 1
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362	362
363	363		B. Individuals. For all t axable years beginning on or after
364	364		January 1, 2008, and ending any tax year which begins after December
365	365		31, 2015, for which the determination required pursuant to Sections
366	366		4 2355.1F and 5 2355.1G of this act title is made by the State Board
367	367		of Equalization, a tax is hereby imposed upon the Oklahoma taxable
368	368		income of every resident o r nonresident individual, which tax shall
369	369		be computed as follows:
370	370		1. Single individuals and married individuals filing
371	371		separately:
372	372		(a) 1/2% tax on first $1,000.00 or part thereo f,
373	373		(b) 1% tax on next $1,500.00 or part thereof,
374	374		(c) 2% tax on next $1,250.00 or part thereof,
375	375		(d) 3% tax on next $1,150.00 or part thereof,
376	376		(e) 4% tax on next $2,300.00 or part thereof,
377	377		(f) 5% tax on next $1,500.00 or part thereof,
378	378		(g) 5.50% tax on the remainder for the 2008 tax year and
379	379		any subsequent tax year unless the rate pres cribed by
380	380		subparagraph (h) of this paragraph is in effect, and
381	381		(h) 5.25% tax on the remainder for the 2009 and subsequent
382	382		tax years. The decrease in the top marginal
383	383		individual income tax rate otherwise authorized by
384	384		this subparagraph shall be contingent upon the
385	385		determination required to be made by the State Board
386	386
387	387
388	388		Req. No. 199 Page 6 1
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436	436
437	437		of Equalization pursuant to Section 2355.1A of this
438	438		title.
439	439		2. Married individuals filing jointly and surviving spou se to
440	440		the extent and in the manner that a surviving spouse is permitted to
441	441		file a joint return under the provisions of the Internal Revenue
442	442		Code of 1986, as amended, and heads of households as defined in the
443	443		Internal Revenue Code of 1986, as amended:
444	444		(a) 1/2% tax on first $2,000.00 or part thereof,
445	445		(b) 1% tax on next $3,000.00 or part thereof,
446	446		(c) 2% tax on next $2,500.00 or part thereof,
447	447		(d) 3% tax on next $2,300.00 or part thereof,
448	448		(e) 4% tax on next $2,400.00 or part thereof,
449	449		(f) 5% tax on next $2,800.00 or part thereof,
450	450		(g) 5.50% tax on the remainder for the 2008 tax year and
451	451		any subsequent tax year unless the rate prescribed by
452	452		subparagraph (h) of this paragraph is in effect, and
453	453		(h) 5.25% tax on the remainder for the 2009 and subsequent
454	454		tax years. The decrease in the top marginal
455	455		individual income tax rate otherwise authorized by
456	456		this subparagraph shall be contingent upon the
457	457		determination required to be made by the State Board
458	458		of Equalization pursuant to Section 2355.1A of this
459	459		title.
460	460
461	461
462	462		Req. No. 199 Page 7 1
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510	510
511	511		C. Individuals. For all taxable years beginning on or after
512	512		January 1, 2024 tax year 2024, a tax is hereby imposed upon the
513	513		Oklahoma taxable income of every resident or nonresident individual,
514	514		which tax shall be computed as follows:
515	515		1. Single individuals and married in dividuals filing
516	516		separately:
517	517		(a) 0.25% tax on first $1,000.00 or part thereof,
518	518		(b) 0.75% tax on next $1,500.00 or part thereof,
519	519		(c) 1.75% tax on next $1,250.00 or part thereof,
520	520		(d) 2.75% tax on next $1,150.00 or part thereof,
521	521		(e) 3.75% tax on next $2,300.0 0 or part thereof, and
522	522		(f) 4.75% tax on the remainder.
523	523		2. Married individuals filing jointly and surviving spouse to
524	524		the extent and in the manner that a surviving spouse is permitted to
525	525		file a joint return under the provisions of the Internal Revenue
526	526		Code of 1986, as amended, and heads of households as defined in the
527	527		Internal Revenue Code of 1986, as amended:
528	528		(a) 0.25% tax on first $2,000.00 or part thereof,
529	529		(b) 0.75% tax on next $3,000.00 or part thereof,
530	530		(c) 1.75% tax on next $2,500.00 or part thereof,
531	531		(d) 2.75% tax on next $2,300.00 or part thereof,
532	532		(e) 3.75% tax on next $4,600.0 0 or part thereof, and
533	533		(f) 4.75% tax on the remainder.
534	534
535	535
536	536		Req. No. 199 Page 8 1
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584	584
585	585		No deduction for federal income taxes paid shall be allowed to
586	586		any taxpayer to arrive at taxable income.
587	587		D. Individuals. For tax year 2025, a tax is hereby imposed
588	588		upon the Oklahoma taxable income of every resident or nonresident
589	589		individual, which tax shall be computed as follows:
590	590		1. Single individuals and married individuals filing
591	591		separately:
592	592		(a) 0.00% tax on first $1,000 .00 or part thereof,
593	593		(b) 0.15% tax on next $1,500.00 or part thereof,
594	594		(c) 1.15% tax on next $1,250.00 or part thereof,
595	595		(d) 2.15% tax on next $1,150.00 or part thereof,
596	596		(e) 3.15% tax on next $2,300.00 or part thereof, and
597	597		(f) 4.15% tax on the remainder.
598	598		2. Married individuals filing jointly and surviving spouse to
599	599		the extent and in the manner that a surviving spouse is permitted to
600	600		file a joint return under the provisions of the Internal Revenue
601	601		Code of 1986, as amended, and heads of households as defined i n the
602	602		Internal Revenue Code of 1986, as amended:
603	603		(a) 0.00% tax on first $2,000 .00 or part thereof,
604	604		(b) 0.15% tax on next $3,000.00 or part thereof,
605	605		(c) 1.15% tax on next $2,500.00 or part thereof,
606	606		(d) 2.15% tax on next $2,300.00 or part thereof,
607	607		(e) 3.15% tax on next $4,600.00 or part thereof, and
608	608		(f) 4.15% tax on the remainder.
609	609
610	610
611	611		Req. No. 199 Page 9 1
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659	659
660	660		No deduction for federal income taxes paid shall be allowed to
661	661		any taxpayer to arrive at taxable income.
662	662		E. Individuals. For tax year 2026, a tax is hereby imposed
663	663		upon the Oklahoma taxable income of every resident or nonresident
664	664		individual, which tax shall be computed as follows:
665	665		1. Single individuals and married individuals filing
666	666		separately:
667	667		(a) 0.00% tax on first $2,500.00 or part thereof,
668	668		(b) 0.55% tax on next $1,250.00 or pa rt thereof,
669	669		(c) 1.55% tax on next $1,150.00 or part thereof,
670	670		(d) 2.55% tax on next $2,300.00 or part thereof, and
671	671		(e) 3.55% tax on the remainder.
672	672		2. Married individuals filing jointly and surviving spouse to
673	673		the extent and in the manner that a surviving s pouse is permitted to
674	674		file a joint return under the provisions of the Internal Revenue
675	675		Code of 1986, as amended, and heads of households as defined in the
676	676		Internal Revenue Code of 1986, as amended:
677	677		(a) 0.00% tax on first $5,000.00 or part thereof,
678	678		(b) 0.55% tax on next $2,500.00 or part thereof,
679	679		(c) 1.55% tax on next $2,300.00 or part thereof,
680	680		(d) 2.55% tax on next $4,600.00 or part thereof, and
681	681		(e) 3.55% tax on the remainder.
682	682		No deduction for federal income taxes paid shall be allowed to
683	683		any taxpayer to arrive at taxable income.
684	684
685	685
686	686		Req. No. 199 Page 10 1
687	687		2
688	688		3
689	689		4
690	690		5
691	691		6
692	692		7
693	693		8
694	694		9
695	695		10
696	696		11
697	697		12
698	698		13
699	699		14
700	700		15
701	701		16
702	702		17
703	703		18
704	704		19
705	705		20
706	706		21
707	707		22
708	708		23
709	709		24
710	710		1
711	711		2
712	712		3
713	713		4
714	714		5
715	715		6
716	716		7
717	717		8
718	718		9
719	719		10
720	720		11
721	721		12
722	722		13
723	723		14
724	724		15
725	725		16
726	726		17
727	727		18
728	728		19
729	729		20
730	730		21
731	731		22
732	732		23
733	733		24
734	734
735	735		F. Individuals. For tax year 2027, a tax is hereby i mposed
736	736		upon the Oklahoma taxable income of every resident or nonresident
737	737		individual, which tax shall be computed as follows:
738	738		1. Single individuals and married individuals filing
739	739		separately:
740	740		(a) 0.00% tax on first $3,750.00 or part thereof,
741	741		(b) 0.95% tax on next $1,150.00 or part thereof,
742	742		(c) 1.95% tax on next $2,300.00 or part thereof, and
743	743		(d) 2.95% tax on the remainder.
744	744		2. Married individuals filing jointly and surviving spouse to
745	745		the extent and in the manner that a surviving spouse is permitted to
746	746		file a joint return under the provisions of the Internal Revenue
747	747		Code of 1986, as amended, and heads of households as defined in the
748	748		Internal Revenue Code of 1986, as amended:
749	749		(a) 0.00% tax on first $7,500.00 or part thereof,
750	750		(b) 0.95% tax on next $2,300.00 or part thereof,
751	751		(c) 1.95% tax on next $4,600.00 or part thereof, and
752	752		(d) 2.95% tax on the remainder.
753	753		No deduction for federal income taxes paid shall be allowed to
754	754		any taxpayer to arrive at taxable income.
755	755		G. Individuals. For tax year 2028, a tax is hereby imposed
756	756		upon the Oklahoma taxable income of every resident or nonresident
757	757		individual, which tax shall be computed as follows:
758	758
759	759
760	760		Req. No. 199 Page 11 1
761	761		2
762	762		3
763	763		4
764	764		5
765	765		6
766	766		7
767	767		8
768	768		9
769	769		10
770	770		11
771	771		12
772	772		13
773	773		14
774	774		15
775	775		16
776	776		17
777	777		18
778	778		19
779	779		20
780	780		21
781	781		22
782	782		23
783	783		24
784	784		1
785	785		2
786	786		3
787	787		4
788	788		5
789	789		6
790	790		7
791	791		8
792	792		9
793	793		10
794	794		11
795	795		12
796	796		13
797	797		14
798	798		15
799	799		16
800	800		17
801	801		18
802	802		19
803	803		20
804	804		21
805	805		22
806	806		23
807	807		24
808	808
809	809		1. Single individuals and married individuals fili ng
810	810		separately:
811	811		(a) 0.00% tax on first $3,750.00 or part thereof,
812	812		(b) 0.35% tax on next $1,150.00 or part thereof,
813	813		(c) 1.35% tax on next $2,300.00 or part thereof, and
814	814		(d) 2.35% tax on the remainder.
815	815		2. Married individuals filing jointly and surviving spou se to
816	816		the extent and in the manner that a surviving spouse is permitted to
817	817		file a joint return under the provisions of the Internal Revenue
818	818		Code of 1986, as amended, and heads of households as defined in the
819	819		Internal Revenue Code of 1986, as amended:
820	820		(a) 0.00% tax on first $7,500.00 or part thereof,
821	821		(b) 0.35% tax on next $2,300.00 or part thereof,
822	822		(c) 1.35% tax on next $4,600.00 or part thereof, and
823	823		(d) 2.35% tax on the remainder.
824	824		No deduction for federal income taxes paid shall be allowed to
825	825		any taxpayer to arrive at taxable income.
826	826		H. Individuals. For tax year 202 9, a tax is hereby imposed
827	827		upon the Oklahoma taxable income of every resident or nonresident
828	828		individual, which tax shall be computed as follows:
829	829		1. Single individuals and married individuals fi ling
830	830		separately:
831	831		(a) 0.00% tax on first $4,900.00 or part thereof,
832	832		(b) 0.75% tax on next $2,300.00 or part thereof, and
833	833
834	834
835	835		Req. No. 199 Page 12 1
836	836		2
837	837		3
838	838		4
839	839		5
840	840		6
841	841		7
842	842		8
843	843		9
844	844		10
845	845		11
846	846		12
847	847		13
848	848		14
849	849		15
850	850		16
851	851		17
852	852		18
853	853		19
854	854		20
855	855		21
856	856		22
857	857		23
858	858		24
859	859		1
860	860		2
861	861		3
862	862		4
863	863		5
864	864		6
865	865		7
866	866		8
867	867		9
868	868		10
869	869		11
870	870		12
871	871		13
872	872		14
873	873		15
874	874		16
875	875		17
876	876		18
877	877		19
878	878		20
879	879		21
880	880		22
881	881		23
882	882		24
883	883
884	884		(c) 1.75% tax on the remainder.
885	885		2. Married individuals filing jointly and surviving spouse to
886	886		the extent and in the manner that a survi ving spouse is permitted to
887	887		file a joint return under the provisions of the In ternal Revenue
888	888		Code of 1986, as amended, and heads of households as defined in the
889	889		Internal Revenue Code of 1986, as amended:
890	890		(a) 0.00% tax on first $9,800.00 or part thereof,
891	891		(b) 0.75% tax on next $4,600.00 or part thereof, and
892	892		(c) 1.75% tax on the remainder.
893	893		No deduction for federal income taxes paid shall be allowed to
894	894		any taxpayer to arrive at taxable income.
895	895		I. Individuals. For tax year 20 30, a tax is hereby imposed
896	896		upon the Oklahoma taxable income of every resident or nonresident
897	897		individual, which tax shall be computed as follows:
898	898		1. Single individuals and married individuals filing
899	899		separately:
900	900		(a) 0.00% tax on first $4,900.00 or part thereof,
901	901		(b) 0.15% tax on next $2,300. 00 or part thereof, and
902	902		(c) 1.15% tax on the remainder.
903	903		2. Married individuals filing jointly and surviving spouse to
904	904		the extent and in the manner that a surviving spouse is permitted to
905	905		file a joint return under the provisions of the Internal Revenue
906	906		Code of 1986, as amended, and heads of households as defined in the
907	907		Internal Revenue Code of 1986, as amended:
908	908
909	909
910	910		Req. No. 199 Page 13 1
911	911		2
912	912		3
913	913		4
914	914		5
915	915		6
916	916		7
917	917		8
918	918		9
919	919		10
920	920		11
921	921		12
922	922		13
923	923		14
924	924		15
925	925		16
926	926		17
927	927		18
928	928		19
929	929		20
930	930		21
931	931		22
932	932		23
933	933		24
934	934		1
935	935		2
936	936		3
937	937		4
938	938		5
939	939		6
940	940		7
941	941		8
942	942		9
943	943		10
944	944		11
945	945		12
946	946		13
947	947		14
948	948		15
949	949		16
950	950		17
951	951		18
952	952		19
953	953		20
954	954		21
955	955		22
956	956		23
957	957		24
958	958
959	959		(a) 0.00% tax on first $9,800.00 or part thereof,
960	960		(b) 0.15% tax on next $4,600.00 or part thereof, and
961	961		(c) 1.15% tax on the remainder.
962	962		No deduction for federal income taxes paid shall be allowed to
963	963		any taxpayer to arrive at taxable income.
964	964		J. Individuals. For tax year 20 31, a tax is hereby imposed
965	965		upon the Oklahoma taxable income of every resident or nonresident
966	966		individual, which tax shall be comput ed as follows:
967	967		1. Single individuals and married individuals filing
968	968		separately:
969	969		(a) 0.00% tax on next $7,200.00 or part thereof, and
970	970		(b) 0.55% tax on the remainder.
971	971		2. Married individuals filing jointly and surviving spouse to
972	972		the extent and in the manne r that a surviving spouse is permitted to
973	973		file a joint return under the provisions of the Internal Revenue
974	974		Code of 1986, as amended, and heads of households as defined in the
975	975		Internal Revenue Code of 1986, as amended:
976	976		(a) 0.00% tax on next $14,400.00 or part thereof, and
977	977		(c) 0.55% tax on the remainder.
978	978		No deduction for federal incom e taxes paid shall be allowed to
979	979		any taxpayer to arrive at taxable income.
980	980		K. For tax year 2032 and subsequent tax years, there shall be
981	981		no tax imposed upon the Oklahoma taxable income of any resident or
982	982		nonresident individual.
983	983
984	984
985	985		Req. No. 199 Page 14 1
986	986		2
987	987		3
988	988		4
989	989		5
990	990		6
991	991		7
992	992		8
993	993		9
994	994		10
995	995		11
996	996		12
997	997		13
998	998		14
999	999		15
1000	1000		16
1001	1001		17
1002	1002		18
1003	1003		19
1004	1004		20
1005	1005		21
1006	1006		22
1007	1007		23
1008	1008		24
1009	1009		1
1010	1010		2
1011	1011		3
1012	1012		4
1013	1013		5
1014	1014		6
1015	1015		7
1016	1016		8
1017	1017		9
1018	1018		10
1019	1019		11
1020	1020		12
1021	1021		13
1022	1022		14
1023	1023		15
1024	1024		16
1025	1025		17
1026	1026		18
1027	1027		19
1028	1028		20
1029	1029		21
1030	1030		22
1031	1031		23
1032	1032		24
1033	1033
1034	1034		L. Nonresident aliens. In lieu of the rates set forth in
1035	1035		subsection A above, there shall be imposed on nonresident aliens, as
1036	1036		defined in the Internal Revenue Code of 1986, as amended, a tax of
1037	1037		eight percent (8%) instead of thirty percent (30%) as used in the
1038	1038		Internal Revenue Code of 1986, as amended, with respect to the
1039	1039		Oklahoma taxable income of such nonresident aliens as determined
1040	1040		under the provision of the Oklahoma Income Tax Act.
1041	1041		Every payer of amoun ts covered by this subsection shall deduct
1042	1042		and withhold from such amounts paid each payee an amount equal to
1043	1043		eight percent (8%) thereof. Every payer required to deduct and
1044	1044		withhold taxes under this subsection shall for each quarterly period
1045	1045		on or before the last day of the month following the close of each
1046	1046		such quarterly period, pa y over the amount so withheld as taxes to
1047	1047		the Oklahoma Tax Commission, and shall file a return with each such
1048	1048		payment. Such return shall be in such form as the Tax Commission
1049	1049		shall prescribe. Every payer required under this subsection to
1050	1050		deduct and withhold a tax from a payee shall, as to the total
1051	1051		amounts paid to each payee during the calendar year, furnish to such
1052	1052		payee, on or before January 31 , of the succeeding year, a writt en
1053	1053		statement showing the name of the payer, the name of the payee and
1054	1054		the payee’s Social Security account number, if any, the total amount
1055	1055		paid subject to taxation, and the total amount deducted and withheld
1056	1056		as tax and such other information as the Tax Com mission may require.
1057	1057		Any payer who fails to withhold or pay to the Tax Commission any
1058	1058
1059	1059
1060	1060		Req. No. 199 Page 15 1
1061	1061		2
1062	1062		3
1063	1063		4
1064	1064		5
1065	1065		6
1066	1066		7
1067	1067		8
1068	1068		9
1069	1069		10
1070	1070		11
1071	1071		12
1072	1072		13
1073	1073		14
1074	1074		15
1075	1075		16
1076	1076		17
1077	1077		18
1078	1078		19
1079	1079		20
1080	1080		21
1081	1081		22
1082	1082		23
1083	1083		24
1084	1084		1
1085	1085		2
1086	1086		3
1087	1087		4
1088	1088		5
1089	1089		6
1090	1090		7
1091	1091		8
1092	1092		9
1093	1093		10
1094	1094		11
1095	1095		12
1096	1096		13
1097	1097		14
1098	1098		15
1099	1099		16
1100	1100		17
1101	1101		18
1102	1102		19
1103	1103		20
1104	1104		21
1105	1105		22
1106	1106		23
1107	1107		24
1108	1108
1109	1109		sums herein required to be withheld or paid shall be personally and
1110	1110		individually liable therefor to the State of Oklahoma.
1111	1111		E. M. Corporations. For all taxable years be ginning after
1112	1112		December 31, 2021, a tax is hereby imposed upon the Oklahoma tax able
1113	1113		income of every corporation doing business within this state or
1114	1114		deriving income from sources within this state in an amount equal to
1115	1115		four percent (4%) thereof.
1116	1116		There shall be no additional Oklahoma income tax imposed on
1117	1117		accumulated taxable income or on undistributed personal holding
1118	1118		company income as those terms are defined in the Internal Revenue
1119	1119		Code of 1986, as amended.
1120	1120		F. N. Certain foreign corporations. In lieu of the tax imposed
1121	1121		in the first paragraph of subsection D M of this section, for all
1122	1122		taxable years beginning after December 31, 2021, there shall be
1123	1123		imposed on foreign corporations, as defined in the Internal Revenue
1124	1124		Code of 1986, as amended, a tax of four percen t (4%) instead of
1125	1125		thirty percent (30%) as used in the Internal Revenue Code of 1986,
1126	1126		as amended, where such income is received from sources within
1127	1127		Oklahoma this state, in accordance with the provisions of the
1128	1128		Internal Revenue Code of 1986, as amended, and the Oklahoma Income
1129	1129		Tax Act.
1130	1130		Every payer of amounts covered by this subsection shall deduct
1131	1131		and withhold from such amounts paid each payee an amount equal to
1132	1132		four percent (4%) thereof. Every payer required to deduct and
1133	1133
1134	1134
1135	1135		Req. No. 199 Page 16 1
1136	1136		2
1137	1137		3
1138	1138		4
1139	1139		5
1140	1140		6
1141	1141		7
1142	1142		8
1143	1143		9
1144	1144		10
1145	1145		11
1146	1146		12
1147	1147		13
1148	1148		14
1149	1149		15
1150	1150		16
1151	1151		17
1152	1152		18
1153	1153		19
1154	1154		20
1155	1155		21
1156	1156		22
1157	1157		23
1158	1158		24
1159	1159		1
1160	1160		2
1161	1161		3
1162	1162		4
1163	1163		5
1164	1164		6
1165	1165		7
1166	1166		8
1167	1167		9
1168	1168		10
1169	1169		11
1170	1170		12
1171	1171		13
1172	1172		14
1173	1173		15
1174	1174		16
1175	1175		17
1176	1176		18
1177	1177		19
1178	1178		20
1179	1179		21
1180	1180		22
1181	1181		23
1182	1182		24
1183	1183
1184	1184		withhold taxes under this subsectio n shall for each quarterly period
1185	1185		on or before the last day of the month following the close of each
1186	1186		such quarterly period, pay over the amount so withheld as taxes to
1187	1187		the Tax Commission, and shall file a return with each such payment.
1188	1188		Such return shall be in such form as the Tax Commission shall
1189	1189		prescribe. Every payer required un der this subsection to deduct and
1190	1190		withhold a tax from a payee shall, as to the total amounts paid to
1191	1191		each payee during the calendar year, furnish to such payee, on or
1192	1192		before January 31, of the succeeding year, a written statement
1193	1193		showing the name of the payer, the name of the payee and the payee ’s
1194	1194		Social Security account number, if any, the total amounts paid
1195	1195		subject to taxation, the total amount deducted and withheld as tax ,
1196	1196		and such other information as the Tax Commission may require. Any
1197	1197		payer who fails to withhold or pay to the Tax Commission any sums
1198	1198		herein required to be withheld or paid shall be personally and
1199	1199		individually liable therefor to the State of Oklahoma.
1200	1200		G. O. Fiduciaries. A tax is hereby imposed upon the Oklahoma
1201	1201		taxable income of every trust and estate at the same rates as are
1202	1202		provided in subsection B or C subsections B through K of this
1203	1203		section for single individuals. Fiduciaries are not allowed a
1204	1204		deduction for any federal income tax paid.
1205	1205		H. P. Tax rate tables. For all taxable years beginning after
1206	1206		December 31, 1991, in lieu of the tax imposed by subsection A, B or
1207	1207		C subsections A through J of this section, as applicable there is
1208	1208
1209	1209
1210	1210		Req. No. 199 Page 17 1
1211	1211		2
1212	1212		3
1213	1213		4
1214	1214		5
1215	1215		6
1216	1216		7
1217	1217		8
1218	1218		9
1219	1219		10
1220	1220		11
1221	1221		12
1222	1222		13
1223	1223		14
1224	1224		15
1225	1225		16
1226	1226		17
1227	1227		18
1228	1228		19
1229	1229		20
1230	1230		21
1231	1231		22
1232	1232		23
1233	1233		24
1234	1234		1
1235	1235		2
1236	1236		3
1237	1237		4
1238	1238		5
1239	1239		6
1240	1240		7
1241	1241		8
1242	1242		9
1243	1243		10
1244	1244		11
1245	1245		12
1246	1246		13
1247	1247		14
1248	1248		15
1249	1249		16
1250	1250		17
1251	1251		18
1252	1252		19
1253	1253		20
1254	1254		21
1255	1255		22
1256	1256		23
1257	1257		24
1258	1258
1259	1259		hereby imposed for each tax able year on the taxable income of every
1260	1260		individual, whose taxable income for such taxable year does not
1261	1261		exceed the ceiling amount, a tax determined under tables, applicable
1262	1262		to such taxable year which shall be prescribed by the Tax Commission
1263	1263		and which shall be in such form as it determines appropriate. In
1264	1264		the table so prescribed, the amounts of the tax shall be computed on
1265	1265		the basis of the rates prescribed by subsection A, B or C
1266	1266		subsections A through J of this section. For purposes of this
1267	1267		subsection, the term “ceiling amount” means, with respect to any
1268	1268		taxpayer, the amount determined by the Tax Commission for the tax
1269	1269		rate category in which such taxpayer falls.
1270	1270		SECTION 2. This act shall become effective November 1, 2025.
1271	1271
1272	1272		60-1-199 QD 12/30/2024 11:22:26 PM