518: 2025 Form 518 Venture Capital Company Information Report (2025)
Oklahoma · Oklahoma Tax Commission · Used for tax years 2025
Oklahoma Form 518 is an information report for qualified venture capital companies to report investments made in Oklahoma Business Ventures during the calendar year. It lists each business’s name, identification number and business type, along with the date, type and amount of ea
Who files this form
Each Qualified Venture Capital Company must file Form 518 with the Oklahoma Tax Commission to report investments made in Oklahoma Business Ventures during the calendar year.
The form defines a qualified company as an Oklahoma-incorporated C corporation or registered business partnership that makes direct debt and equity investments in Oklahoma companies, has its principal place of business in Oklahoma, and meets these criteria:
- Capitalization of at least $5 million.
- A purpose and objective of investing at least 75% of its capitalization in Oklahoma Business Ventures.
- Investment of no more than 10% of its funds in any one company.
When it's due
For calendar-year 2025 investments, Form 518 must be filed by April 30 of the following year.
What you'll need
Have the following information ready:
- The venture capital company's name, identification number, address, phone number, and corporation or partnership status.
- The calendar year being reported.
- For each Oklahoma Business Venture invested in: its name, identification number, type of business, investment date, investment type, and amount invested.
Attach additional schedules if needed to report the investments.
How to file
- Enter the calendar year and the venture capital company's identifying information.
- Complete the investment section for investments made during that calendar year. Attach additional schedules if necessary.
- Have an officer, general partner, or member sign and date the declaration.
- Mail the report to:
Oklahoma Tax Commission
Oklahoma City, OK 73194
The supplied text gives mailing instructions but does not provide an e-file method.
Common mistakes
- Leaving out investments when the form runs out of space. The form says to attach additional schedules if necessary.
- Submitting incomplete or inaccurate information. The signer declares under penalties of perjury that the return and accompanying statements are true, correct, and complete.
- Claiming an unavailable investor credit. No investor in a Venture Capital Company organized after July 1, 1992, may claim the tax credit.
Questions people ask
What information must be reported for each investment?
Report the business's name and identification number, its type of business, the investment date, and the type and amount of the investment.
Does the company also need to provide a form to investors?
Yes. Each qualified Venture Capital Company must make Form 518-A available to all its investors. It must show the company name, investor name, investment date, total amount the investor invested in the company, and credit currently available. A taxpayer claiming the credit must file Form 518-A with their Oklahoma income tax return.
Can investors in every Venture Capital Company claim the credit?
No. Investors in a Venture Capital Company organized after July 1, 1992, may not claim the tax credit.
Who signs Form 518?
The form provides a signature and date line for an officer, general partner, or member.