1. (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.
2. (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

Amended at 32 Ok Reg 1344, eff 8-27-15

Amended at 34 Ok Reg 79, eff 9-30-16 (emergency)

Amended at 34 Ok Reg 2060, eff 9-11-17

Amended at 35 Ok Reg 55, eff 9-14-17 (emergency)

Amended at 35 Ok Reg 2058, eff 9-14-18

Amended at 40 Ok Reg 1260, eff 8-11-23