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All Posts Tagged Tag: ‘Oklahoma Tax Commission’

Counties toe the line: Only 3 out of compliance for ad valorem requirements (access required)

By Marie Price The Journal Record Only three of the state’s 77 counties are out of compliance with requirements for ad valorem tax percentage assessments, the State Equalization Board learned Monday.

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Institute: Oklahoma tax holiday is little relief (access required)

Tim Talley Associated Press OKLAHOMA CITY (AP) — Oklahoma’s annual sales tax holiday on back-to-school clothing and shoes is expected to boost business for retailers beginning on Friday as thousands of students prepare to return to the classroom.

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Legislation returns more money to cities, counties (access required)

By Emily Summars Serving in municipal government for years, Rep. Charles McCall saw counties and cities lose millions in sales and use tax collections to the Oklahoma Tax Commission. House Bill 1875 was McCall’s solution.

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Officials working on more accurate state revenue forecasting process (access required)

By Marie Price State officials are taking the first steps in addressing a complex issue—looking into how the state forecasts revenue and how to improve its accuracy.

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House conferees sign off on cut in Tax Commission fee for collecting municipal sales taxes (access required)

Oklahoma cities and towns that contract with the Oklahoma Tax Commission for collection of their sales and use taxes would see the fees they pay—which range from 1 percent to 1.75 percent—reduced to 0.5 percent by a measure approved Monday by House conferees on HB 1875.

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Oklahoma Supreme Court: State capital gains tax break does not discriminate against interstate commerce (access required)

Reversing an appellate court ruling to the contrary, the Oklahoma Supreme Court held Tuesday that the state’s capital gains tax deduction scheme does not discriminate against interstate commerce, as was claimed in a lawsuit filed by CDR Systems Corp.

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Attorney: Capital gains tax law treatment of out-of-state companies unconstitutional (access required)

Oklahoma’s capital gains tax statute violates the Commerce Clause by treating out-of-state companies differently than Oklahoma-headquartered companies, an attorney for a business challenging the law told the Oklahoma Supreme Court Tuesday. Representing CDR Systems Corp., Thomas Ferguson said the state law requires a three-year holding period for property of Oklahoma-based companies, compared with five years for those not “primarily headquartered” …

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Justices to hear oral argument in capital gains tax-law case (access required)

On Tuesday the Oklahoma Supreme Court will hear the Oklahoma Tax Commission’s appeal of a case in which a company contends the state’s capital gains tax law discriminates against businesses located in other states.

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State justices agree to hear challenge to Oklahoma capital gains tax law (access required)

The Oklahoma Supreme Court has granted the Oklahoma Tax Commission’s petition to hear a case in which a company contends that the state’s capital gains tax law discriminates against companies located in other states.

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State appeals court ruling that capital gains statute discriminates against out-of-state firms should stand, company tells Oklahoma Supreme Court (access required)

The Court of Civil Appeals was correct to hold that part of Oklahoma’s capital gains tax law discriminates against companies located in other states, and its ruling does not require review by the Oklahoma Supreme Court, a company that operates in several states argues in a new court filing.

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