Okla. Stat. tit. 68, § 68-2355.1P-3
This is the official text of Okla. Stat. tit. 68, § 68-2355.1P-3, 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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Purpose - Apportionment
Official statutory text
A. It is hereby declared to be the purpose of the Pass-Through
Entity Tax Equity Act of 2019 to establish a revenue-neutral
mechanism to provide a more fair and simplified taxation of pass-
through entities and their members in this state while maintaining
revenue levels for support of general governmental functions of the
State of Oklahoma.
B. All monies collected pursuant to the provisions of
subsection A of Section 2358 of Title 68 of the Oklahoma Statutes
shall be apportioned in the same manner as provided in paragraph 1
of Section 2352 of Title 68 of the Oklahoma Statutes if the tax is
computed based upon a distribution made to one or more individuals,
trusts and estates and shall be apportioned in the same manner as
provided in paragraph 2 of Section 2352 of Title 68 of the Oklahoma
Statutes if the tax is computed based upon a distribution to a
corporation or to a pass-through entity as such term is defined in
Section 2 of this act.
Entity Tax Equity Act of 2019 to establish a revenue-neutral
mechanism to provide a more fair and simplified taxation of pass-
through entities and their members in this state while maintaining
revenue levels for support of general governmental functions of the
State of Oklahoma.
B. All monies collected pursuant to the provisions of
subsection A of Section 2358 of Title 68 of the Oklahoma Statutes
shall be apportioned in the same manner as provided in paragraph 1
of Section 2352 of Title 68 of the Oklahoma Statutes if the tax is
computed based upon a distribution made to one or more individuals,
trusts and estates and shall be apportioned in the same manner as
provided in paragraph 2 of Section 2352 of Title 68 of the Oklahoma
Statutes if the tax is computed based upon a distribution to a
corporation or to a pass-through entity as such term is defined in
Section 2 of this act.
Status: in_force · Read it on the official government site
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