Oklahoma compliance at a glance
- Sales tax: 4.50% state rate. State 4.5%; combined commonly 8-10%.
- Late fees: Up to 1.5% per month. (Okla. Stat. tit. 15, §266) Default 6%/yr; contract rates up to 10%/yr without supervised licensing.
- Prompt-pay law: Oklahoma Prompt Payment Act (Okla. Stat. tit. 62 §41.4a for state; tit. 61 §221 for construction). State: 45 days from invoice. Construction subs paid within 10 days of GC receiving payment; 1.5% per month interest.