{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2385.9","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2385.9","heading":"Payment of estimated tax","body":"A. The required annual payment of estimated tax shall be paid\n\nin four equal installments as follows:\n\n1. In the case of a taxpayer on a calendar year basis, the\n\nfirst installment shall be paid on April 15 of the taxable year, the\n\nsecond and third on June 15 and September 15, respectively, of the\n\ntaxable year and the fourth on January 15 of the succeeding taxable\n\nyear. However, if taxpayer files return and pays tax due on or\n\nbefore January 31, the payment of the installment due January 15 is\n\nwaived; and\n\n2. In the application of this section to the case of a taxable\n\nyear beginning on any date other than January 1, there shall be\n\nsubstituted, for the months specified in this section, the months\n\nwhich correspond thereto.\n\nB. As used in this section, the “required annual payment” shall\n\nmean the lesser of:\n\n1. Seventy percent (70%) of the tax shown on the return for the\n\ntaxable year; or\n\n2. One hundred percent (100%) of the tax shown on the return\n\nfor the preceding taxable year of twelve (12) months.\n\nC. For purposes of determining the amount of tax due on any of\n\nthe respective dates, taxpayers may compute the tax by placing\n\ntaxable income on an annualized basis as prescribed by rules\n\npromulgated by the Tax Commission, which shall be in accordance with\n\nthe annualization provisions of the Internal Revenue Code. For\n\ncorporate taxpayers, the annualization provisions found in Section\n\n6655(e)(2)(c) and 6655(e)(3) of the Internal Revenue Code may not be\n\nused. The provisions allowed in this section for computing\n\nestimated taxes on an annualized basis shall only be permitted for a\n\ntaxable year of twelve (12) months.","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":"9ae2e49a4c0f84878833fd7c1989944d026be8c9547a34844f9a506a8158cadd","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2385.7","next":"us-ok/okla.-stat.-tit.-68-68-2386"},"notice":"GroundRules: Original legal text. Not legal advice."}