{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1203","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1203","heading":"Tax on domestic corporations and business organizations","body":"For tax year 2023 and previous tax years, there is hereby levied\n\nand assessed a franchise or excise tax upon every corporation,\n\nassociation, joint-stock company and business trust organized under\n\nthe laws of this state, equal to One Dollar and twenty-five cents\n\n($1.25) for each One Thousand Dollars ($1,000.00) or fraction\n\nthereof of the amount of capital used, invested or employed in the\n\nexercise of any power, privilege or right inuring to such\n\norganization, within this state; it being the purpose of this\n\nsection to require the payment to this state this tax for the right\n\ngranted by the laws of this state to exist as such organization and\n\nenjoy, under the protection of the laws of this state, the powers,\n\nrights, privileges and immunities derived from the state by reason\n\nof the form of such existence.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"c1ba9a8eeb645970763c1b8c4e27f5eeadaf975f42c0ffc26f330f064ab2e1fc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1202","next":"us-ok/okla.-stat.-tit.-68-68-1204"},"notice":"GroundRules: Original legal text. Not legal advice."}