Tax New Oklahoma State Tax Modifications for this New Oklahoma State Tax were provided free under the Service Policy Recently Senate Bill 1048 was signed into law by Governor Keating. This tax only applies to Royalty or Override owners, not Working Interest owners, who live outside the state of Oklahoma but receive money from producing wells in Oklahoma. No corporations and no Indians. Consult your CPA if in doubt.
Suspense status can change quite often.
State tax should be paid to the State only when an Owner receives a check. In Set up Options, select State Tax Withholding. Well must be located in Oklahoma. Owner in D.O.I. can only be Override or Royalty, not Working Interest. Owner in D.O.I. can only be Override or Royalty, not Working Interest.