Oklahoma Passes a Temporary Business Activity Tax (BAT)

The State of Oklahoma has passed a new Business Activity Tax (BAT) that is effective for tax years 2010 through 2012.

For tax years beginning on or after January 1, 2010, an annual flat tax of $25 is imposed on each “person” doing business in Oklahoma. Also, a 1% tax is assessed on the “net revenue” that is allocated or apportioned to Oklahoma. For tax years 2010 through 2012, any taxpayer subject to the franchise tax is not subject to the 1% tax but must pay an amount that equals their franchise tax liability for the tax period ending prior to December 31, 2010.

For individuals, the BAT is due and payable on the same date that individual income tax returns are due.
For all other “persons”, the BAT is due and payable on or before July 1 following the close of the taxable year.

For more information regarding Oklahoma’s BAT, please call Jeff Lovelady, Pancho Espejo or Brady Pipkin at 501.753.9700 or e-mail jeff.lovelady@bellandcompany.net.