Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 45 - Gross Production
Subchapter 9 - Exemptions and Exclusions
Part 23 - SECONDARY AND TERTIARY RECOVERY PROJECTS
Section 710:45-9-113 - Qualification procedures
Current through Vol. 41, No. 13, March 15, 2024
(a) Administrative approval and determination. An operator seeking an exemption for secondary and tertiary recovery projects from the gross production tax shall first make application to the Oklahoma Corporation Commission for a determination that such project qualifies and request a determination of the start date.
(b) Application to Oklahoma Tax Commission. Upon approval from the Oklahoma Corporation Commission, the operator shall electronically submit an application for exemption to the Tax Commission through OKTAP. The application shall include a copy of the approval by the Oklahoma Corporation Commission; such approval shall include a determination of the project start date.
(c) Tax Commission may require additional information. For audit purposes, the Tax Commission may require additional information, such as copies of the operator's federal income tax return, joint interest billings, or other documentation regarding lease production or expenses.
