This site uses cookies to provide you with a more responsive and personalized service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print this page

Multistate Tax Alert: Oklahoma Business Activity Tax Update


Oklahoma recently adopted Senate Bill (“SB”) 1436.  The new law would extend imposition of the Oklahoma Business Activity Tax (“BAT”) and the franchise tax moratorium by one year unless voters approve Legislative Referendum Number 363 (“LRN 363”), which will appear on the November 6, 2012 ballot.  As originally enacted, the BAT was scheduled to expire automatically for tax years beginning after December 31, 2012, absent additional legislative action.  If voters approve LRN 363, the BAT sunset date will remain unchanged.  However, if voters do not approve LRN 363, the BAT sunset date will be extended one year to include tax year 2013.  SB 1436 also addresses the originally enacted BAT provisions that require consolidated and combined filings for tax years beginning on or after January 1, 2013.  The new law delays the application of these provisions until tax years beginning on or after January 1, 2014.

For more information regarding SB 1436, please see the attached Tax Alert.

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Stay connected