2014 Oklahoma Statutes
Title 68. Revenue and Taxation
§68-1222. Discount against tax.

A. On and after January 1, 2014, there shall be allowed a discount against the tax levied in subsection B of Section 1218 of this title as provided herein:

1. For a person for which the net revenue from its business activity is equal to or less than Fifty Thousand Dollars ($50,000.00), the person is entitled to a discount of one hundred percent (100%) of the tax due from its net revenue;

2. For a person for which the net revenue from its business activity is greater than Fifty Thousand Dollars ($50,000.00) but is equal to or less than One Hundred Thousand Dollars ($100,000.00), the person is entitled to a discount of eighty percent (80%) of the tax due from its net revenue;

3. For a person for which the net revenue from its business activity is greater than One Hundred Thousand Dollars ($100,000.00) but is equal to or less than One Hundred Fifty Thousand Dollars ($150,000.00), the person is entitled to a discount of sixty percent (60%) of the tax due from its net revenue;

4. For a person for which the net revenue from its business activity is greater than One Hundred Fifty Thousand Dollars ($150,000.00) but is equal to or less than Two Hundred Thousand Dollars ($200,000.00), the person is entitled to a discount of forty percent (40%) of the tax due from its net revenue; and

5. For a person for which the net revenue from its business activity is greater than Two Hundred Thousand Dollars ($200,000.00) but is equal to or less than Two Hundred Fifty Thousand Dollars ($250,000.00), the person is entitled to a discount of twenty percent (20%) percent of the tax due from its net revenue.

Added by Laws 2010, S.J.R. No. 61, § 9. Amended by Laws 2012, c. 332, § 3, eff. Nov. 1, 2012.