For all franchise tax returns due on or after January 1, 2008, if a taxpayer computes the franchise tax due and determines that it amounts to $250.00 or less, the taxpayer is exempt from the tax and a "no tax due" report as prescribed by the Tax Commission is required to be filed. A schedule of corporate officers must still be filed and, for foreign corporations, the $100.00 registered agents fee is still due. [See: 68 O.S. § 1205]

Added at 23 Ok Reg 2816, eff 6-25-06

Amended at 25 Ok Reg 2038, eff 7-1-08