Oklahoma Administrative Code (Last Updated: March 11, 2021) |
TITLE 710. Oklahoma Tax Commission |
Chapter 10. AD Valorem |
Subchapter 8. Exemption for Certain Oil and Gas Property Upon Which Oklahoma Gross Production Tax is Paid |
SECTION 710:10-8-1. General provisions
Latest version.
- The provisions of this Subchapter have been adopted for the purpose of compliance with the Administrative Procedures Act, 75 O.S. § 250 et seq., and to establish guidelines, as authorized by 68 O.S. § 1001.1, for the determination of properties exempt from ad valorem taxes under the terms of 68 O.S. §§1001(S) and (T) by payment of the "in lieu" gross production tax.