Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 40 - Franchise Tax
Section 710:40-1-7 - Bank holding company
Universal Citation: OK Admin Code 710:40-1-7
Current through Vol. 41, No. 13, March 15, 2024
A bank holding company may exclude from the computation of capital employed the capital employed of a bank held by such holding company to the extent of the holding company's ownership percentage in the held bank. If a bank holding company owns less than one hundred percent (100%) of the stock of the held bank, then the bank holding company shall multiply its percentage of stock ownership in the held bank by the amount of capital employed of such held bank as reflected on the held bank's Franchise Tax Return. The resulting amount shall be excluded from the computation of capital employed of the bank holding company.
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