Business Tax Types: Franchise Tax

This information is designed to assist business people and people thinking about operating a business in Oklahoma. What follows is meant to be basic, introductory information and should not be considered the final word in business taxes in Oklahoma. For further information, please contact one of our Taxpayer Assistance Offices or attend one of our Business Tax Workshops.

Oklahoma levies an annual franchise tax on all corporations that do business in the State.   Corporations are taxed $1.25 for each $1,000 of capital invested or used in Oklahoma.  Foreign corporations are additionally assessed $100 per year, payable to the Oklahoma Tax Commission, for the Secretary of State acting as their registered agent.   The franchise tax return, unless an election is made to file in conjunction with the filing of the Oklahoma income tax, is due July 1, and is considered delinquent September 1.  Effective September1, 1998, corporations had the option to file and pay franchise tax annually at the same time as the Oklahoma corporate income tax filing.