Bank Privilege Tax. Banks Pay In Lieu Corporate Income Tax.
State Statute 68 O.S. §2370. Privilege Tax (Bank In Lieu Tax), in lieu taxes for state, national banking associations and credit unions.
Little if anything could be found about Bank Privilege Tax. Six percent is the rate below for one purpose.
The credit allowed against the 6 percent tax imposed on banks and credit unions for the privilege of doing business within Oklahoma for the amount of the guaranty fee paid to the U. S. Small Business Administration pursuant to the "7(a)" loan guaranty program was extended until Dec. 31, 2021.24