Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 40 - Franchise Tax
Section 710:40-1-9 - Intangible drilling costs and intangible development costs
Universal Citation: OK Admin Code 710:40-1-9
Current through Vol. 41, No. 13, March 15, 2024
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.
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