Okla. Stat. tit. 68, § 68-1207: No tax for year in which other tax or fee paid

The tax herein levied shall not be exacted for the fiscal year

during which a domestic or foreign corporation, association or

organization has paid an incorporating, filing or qualifying fee or

tax to the Secretary of State. However, such corporations or

organizations shall file a "no tax" report to comply with such

regulations as shall be adopted by the Tax Commission, who shall,

upon such filing, issue a "no tax" license expiring on the next

ensuing June 30th. Provided, that in the computation of the tax

imposed by this article no credit shall be allowed against such tax

by reason of any money paid to the Secretary of State as additional

incorporation, qualifying or filing fee covering an increase of

authorized capital or capital apportioned to this state.