ok-1232: Oklahoma Tax Commission — Gross Production
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Amendments to Chapter 45 largely seek to clarify reporting requirements and requirements to apply for incentives. Section 710:45-5-1 is amended to propose reporting units for volume for all product codes, including natural gas liquids. Amendments to section 710:45-9-81 add to definitions for clarification purposes. Section 710:45-9-81.1 is amended to provide examples for price calculations. Section 710:45-9-83 is amended to clarify procedures for applications for incentives. Amendments to section 710:45-9-102 specify the documentation requirements for marketing cost deductions that must be submitted at time of application.
The agency’s own summary, as published.
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