Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 45 - Gross Production
Subchapter 9 - Exemptions and Exclusions
Part 17 - ECONOMICALLY AT-RISK LEASES
Section 710:45-9-82 - Exemption period
Current through Vol. 42, No. 1, September 16, 2024
(a) Exemption period. The exemption for economically at-risk oil and gas leases is limited to calendar year 2022 and subsequent tax years, with each year being claimed separately.
(b) Filing period. A refund of gross production taxes must be filed within eighteen (18) months after the close of the calendar year for which an exemption is claimed. Refund claims submitted after eighteen (18) months shall not be accepted by the Tax Commission. For example, economically at-risk refund claims for calendar year 2022 shall be filed beginning January 1, 2023 until June 30, 2024.
Added at 14 Ok Reg 2696, eff 6-26-97; Amended at 15 Ok Reg 2416, eff 6-11-98; Amended at 17 Ok Reg 2668, eff 6-25-00; Amended at 23 Ok Reg 2816, eff 6-25-06; Amended at 25 Ok Reg 2039, eff 7-1-08; Amended at 29 Ok Reg 523, eff 5-11-12
