Okla. Admin. Code tit. 710, ch. 40 – Franchise Tax | Midpage

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Oklahoma Administrative Code

Chapter 40

Okla. Admin. Code tit. 710, ch. 40

Franchise Tax

Oklahoma Tax Commission

710:40-1-1Purpose 710:40-1-2Definitions 710:40-1-2.1Examples of current liabilities for franchise tax purposes 710:40-1-3Scope of rules 710:40-1-4Appreciation of assets 710:40-1-5Balance sheet 710:40-1-6Accounting and reporting; suspension and reinstatement 710:40-1-7Bank holding company 710:40-1-8Business done 710:40-1-9Intangible drilling costs and intangible development costs 710:40-1-10Inter-company balances 710:40-1-11Investment in partnerships, limited partnerships and joint ventures 710:40-1-12Investment in subsidiary 710:40-1-13Licenses 710:40-1-14Royalty income 710:40-1-15Subchapter S Corporations 710:40-1-16Working interest 710:40-1-17Reporting form to be used by taxpayers exempt from the tax as a result of a tax of $250.00 or less being due