Okla. Stat. tit. 68, § 68-2381
This is the official text of Okla. Stat. tit. 68, § 68-2381, 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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Applicability of act to taxable years
Official statutory text
The provisions of this act shall apply to all taxpayers whose
taxable year begins on and after January 1, 1971; provided, however,
that in respect to any taxpayer whose taxable year begins in 1970
and ends in 1971, such taxpayer may, at his option, determine his
tax under this act or compute his tax liability for such fiscal year
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1072
ending in 1971, by using the sum of the computations of 1, and 2, as
follows:
1. The tax computed under the provisions of the law applicable
to the calendar year 1970, multiplied by the ratio of the number of
months of the year in 1970, to the total number of months of the
taxable year.
2. The tax computed under the provisions of this law applicable
to the calendar year 1971, multiplied by the ratio of the number of
months of the year in 1971, to the total number of months of the
taxable year.
taxable year begins on and after January 1, 1971; provided, however,
that in respect to any taxpayer whose taxable year begins in 1970
and ends in 1971, such taxpayer may, at his option, determine his
tax under this act or compute his tax liability for such fiscal year
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1072
ending in 1971, by using the sum of the computations of 1, and 2, as
follows:
1. The tax computed under the provisions of the law applicable
to the calendar year 1970, multiplied by the ratio of the number of
months of the year in 1970, to the total number of months of the
taxable year.
2. The tax computed under the provisions of this law applicable
to the calendar year 1971, multiplied by the ratio of the number of
months of the year in 1971, to the total number of months of the
taxable year.
Status: in_force · Read it on the official government site
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