Oklahoma Administrative Code (Last Updated: March 11, 2021)

SECTION 710:40-1-9. Intangible drilling costs and intangible development costs

Latest version.

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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