{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1210","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1210","heading":"Annual statement or return","body":"A. In addition to any other statement required by law, for tax\n\nyear 2023 and previous tax years, each and every corporation,\n\nassociation or organization, as enumerated in Sections 1201, 1203,\n\nand 1204 of this title, subject to the provisions of Section 1201 et\n\nseq. of this title, either during the period of July 1 to August 31,\n\ninclusive, of each year, or not later than June 1 for taxpayers that\n\nremitted the maximum amount of tax pursuant to Section 1205 of this\n\ntitle for the preceding tax year, or, except for taxpayers that\n\nremitted the maximum amount of tax pursuant to Section 1205 of this\n\ntitle for the preceding tax year, on or before the date by which an\n\nincome tax return is required to be filed pursuant to the provisions\n\nof subsection G of Section 2368 of this title or pursuant to the\n\nprovisions of Section 216 of this title, based upon the election by\n\nthe taxpayer regarding the due date for payment of tax, shall file\n\nwith the Oklahoma Tax Commission a statement under oath of its\n\npresident, secretary or managing officer, or managing agent in this\n\nstate. The statement shall be in such form as the Tax Commission\n\nshall prescribe, including balance sheets as at the close of its\n\nlast preceding taxable year for which an income tax return was\n\nrequired to be filed, showing the following:\n\n1. The amount of its authorized capital stock, interests,\n\ncertificates, or other evidence of interest or ownership;\n\n2. The amount thereof then paid up;\n\n3. The number of units into which the same is divided;\n\n4. The par value of each unit and the number of such units\n\nissued and outstanding;\n\n5. The location of the office or offices;\n\n6. The value of all property owned or used in its business and\n\nwherever located;\n\n7. The value of all property owned or used in its business\n\nwithin this state as it existed on the last day of the tax year;\n\n8. The total amount of all business wherever transacted during\n\nthe tax year;\n\n9. The total amount of business transacted within this state\n\nduring such year; and\n\n10. The names of its officers and the residence and post office\n\naddress of each as the same appear of record on the last day of the\n\ntax year, based upon the election by the taxpayer regarding the due\n\ndate for payment of tax.\n\nB. If any corporation, association or organization making a\n\nreturn under the provisions of Section 1201 et seq. of this title\n\nhas no authorized capital, or if any of its shares of stock or other\n\nevidences of interest or ownership have no par value, then such\n\ncorporation, association or organization shall so state in its\n\nreturn, and shall, in addition thereto, state the book value of its\n\nshares of stock or other evidences of interest or ownership. It\n\nshall also, in making its return, make the showing required of all\n\nother corporations, associations and organizations, and each foreign\n\ncorporation shall state the name of its registered agent residing at\n\nthe capital of the state. The return shall be in such form as the\n\nTax Commission shall prescribe.\n\nC. A corporation or organization subject to the tax levied by\n\nSection 1203 or Section 1204 of this title for which the computation\n\nof capital employed in the state equals or exceeds Sixteen Million\n\nDollars ($16,000,000.00), shall file a maximum franchise tax return\n\non such form as may be prescribed by the Oklahoma Tax Commission.\n\nD. The Tax Commission shall prescribe a form for use by\n\ncorporations or organizations subject to the maximum tax imposed by\n\nSection 1205 of this title in order for such corporations or\n\norganizations to determine if the value of capital employed in this\n\nstate requires filing a maximum franchise tax return. The Tax\n\nCommission shall also prescribe a form for use by corporations or\n\norganizations exempt from the tax imposed by Sections 1203 and 1204\n\nof this title pursuant to Section 1205 of this title. Such form\ned by\n\nSection 1205 of this title in order for such corporations or\n\norganizations to determine if the value of capital employed in this\n\nstate requires filing a maximum franchise tax return. The Tax\n\nCommission shall also prescribe a form for use by corporations or\n\norganizations exempt from the tax imposed by Sections 1203 and 1204\n\nof this title pursuant to Section 1205 of this title. Such form\n\nshall include the names of the officers of the corporation or\n\norganization and the residence and post office address of each as\n\nthe same appears of record on the last day of the tax year and a\n\nstatement attesting that no tax is due for the taxable period. If a\n\ncorporation or organization is required to file the maximum\n\nfranchise tax return or is exempt from the tax imposed by Sections\n\n1203 and 1204 of this title pursuant to Section 1205 of this title,\n\nsuch return shall not be subject to the requirements of subsection A\n\nof this section and the return shall only contain such information\n\nas may be prescribed by the Commission. The return shall be in such\n\nform as the Tax Commission shall prescribe.","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":"31fc3e627f7a4a5b8e07fbb46cff58cc8c83758da41b760f833225cc0548427f","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1209","next":"us-ok/okla.-stat.-tit.-68-68-1211"},"notice":"GroundRules: Original legal text. Not legal advice."}