Statutes, codes, and regulations
Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 40 - Franchise Tax
Section 710:40-1-9 - Intangible drilling costs and intangible development costs

Okla. Admin. Code § 710:40-1-9

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Current through Vol. 42, No. 4, November 1, 2024
Section 710:40-1-9 - Intangible drilling costs and intangible development costs

Intangible drilling costs and intangible development costs shall be allocated to the location of the mineral property for which such costs were expended. Intangible drilling costs and intangible development costs shall be reported on the Oklahoma Franchise Tax Return as a tangible capital asset.

Okla. Admin. Code § 710:40-1-9