Okla. Stat. tit. 68, § 68-1205
This is the official text of Okla. Stat. tit. 68, § 68-1205, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Minimum and maximum taxes
Official statutory text
A. In determining the amount of tax to be levied, assessed and
collected under the terms of this Article, the maximum amount shall
not exceed Twenty Thousand Dollars ($20,000.00).
B. If, as a result of the computation of tax required by
Section 1209 of this title, the resulting liability is Two Hundred
Fifty Dollars ($250.00) or less, the corporation or other entity
shall be exempt from the tax levied by Section 1203 or Section 1204
of this title for such reporting period.
collected under the terms of this Article, the maximum amount shall
not exceed Twenty Thousand Dollars ($20,000.00).
B. If, as a result of the computation of tax required by
Section 1209 of this title, the resulting liability is Two Hundred
Fifty Dollars ($250.00) or less, the corporation or other entity
shall be exempt from the tax levied by Section 1203 or Section 1204
of this title for such reporting period.
Status: in_force · Read it on the official government site
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