Oklahoma § 68-1207 - No tax for year in which other tax or fee paid
Full text of Oklahoma Oklahoma Statutes § 68-1207 — No tax for year in which other tax or fee paid, with citation guidance and answers to common questions.
§ 68-1207. No tax for year in which other tax or fee paid
The tax herein levied shall not be exacted for the fiscal year
during which a domestic or foreign corporation, association or
organization has paid an incorporating, filing or qualifying fee or
tax to the Secretary of State. However, such corporations or
organizations shall file a "no tax" report to comply with such
regulations as shall be adopted by the Tax Commission, who shall,
upon such filing, issue a "no tax" license expiring on the next
ensuing June 30th. Provided, that in the computation of the tax
imposed by this article no credit shall be allowed against such tax
by reason of any money paid to the Secretary of State as additional
incorporation, qualifying or filing fee covering an increase of
authorized capital or capital apportioned to this state.
Laws 1963, c. 366, § 2; Laws 1965, c. 215, § 2.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-1207
What does Oklahoma Statutes § 68-1207 cover?
Section 68-1207 ("No tax for year in which other tax or fee paid") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 68-1207?
A common citation format is "Oklahoma Statutes § 68-1207" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 68-1207 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.