OK HB2356

Modifies franchise tax payment due dates for Oklahoma corporations and organizations, creating two categories: standard taxpayers pay by July 1 or their income tax return due date with penalties after September 15, while maximum tax remitters pay by May 1 with penalties after June 1

Adjusts franchise tax reporting deadlines to align with payment dates: standard taxpayers file between July 1-August 31 or by income tax return due date, while maximum tax remitters file by June 1

Applies to corporations, associations, and organizations subject to Sections 1201-1204 of the Oklahoma tax code, with reporting requirements including capital stock information, property values, business transaction amounts, and officer details

Creates simplified reporting forms for corporations paying maximum franchise tax (capital employed exceeds $16,000,000) and those exempt from tax under Section 1205, reducing information requirements for these categories

Effective date: November 1, 2017