Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 40 - Franchise Tax
Section 710:40-1-13 - Licenses

Universal Citation: OK Admin Code 710:40-1-13
Current through Vol. 41, No. 13, March 15, 2024

If a reporting entity files a "no tax" report, it shall not be necessary for such entity to be issued a "no tax" license in any documentary form. For purposes of the Oklahoma Franchise Tab Code, any reference to a "license" shall refer only to the right or privilege to engage in business and it shall not be necessary for the Commission to issue any document evidencing such right or privilege. For purposes of any provision of the Oklahoma Franchise Tax Code relating to penalties for exercising or attempting to exercise powers without a license to do so, the term "license" shall refer to the right of the corporation or other organization to do business and shall not be construed to mean any document issued by the Oklahoma Tax Commission.

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