Oklahoma Administrative Code

Inter-company balances shall be eliminated from the computation of capital employed on the Franchise Tax Return. A reporting entity with an inter-company receivable account or note shall eliminate such amount from the value of its assets. A reporting entity with an inter-company …

Investment in partnerships, limited partnerships and joint ventures shall be included in the value of intangible assets on the Franchise Tax Return. For purposes of 710:40-1-2, the business situs for assets as described in this Section shall be the location at which control of th…

Investment in a subsidiary shall be reported as an intangible asset on the Franchise Tax Return. An investment in a subsidiary within the meaning of this Section shall not be treated as an inter-company advance and shall not be eliminated from the calculation of capital employed.…

If a reporting entity files a "no tax" report, it shall not be necessary for such entity to be issued a "no tax" license in any documentary form. For purposes of the Oklahoma Franchise Tab Code, any reference to a "license" shall refer only to the right or privilege to engage in …

Royalty income shall be allocated on the Franchise Tax Return according to the situs of the property which produces the income. Notes Okla. Admin. Code § 710:40-1-14

Subchapter S Corporations, as defined in the Internal Revenue Code of 1986, as amended, shall file an Oklahoma Franchise Tax Return in the same manner and according to the same requirements for all other reporting entities. Notes Okla. Admin. Code § 710:40-1-15

A working interest for purposes of this Section shall be reported as a tangible asset on the Oklahoma Franchise Tax Return. A working interest shall be allocated according to the situs of the mineral property. Notes Okla. Admin. Code § 710:40-1-16

For all franchise tax returns due on or after January 1, 2008, if a taxpayer computes the franchise tax due and determines that it amounts to $250.00 or less, the taxpayer is exempt from the tax and a "no tax due" report as prescribed by the Tax Commission is required to be filed…

The following words and terms, when used in this Chapter, shall have the following meaning, unless the context clearly indicates otherwise: "Affiliated corporations" means those entities authorized or required to file a consolidated Federal Income Tax Return by the applicable pro…

Examples of amounts which may be treated as current liabilities in the case of a non-renewable, ten-year note, payable in annual installments, are as follows: (1) In the year of issuance, an amount equal to the sum of three years of payments from the date of issuance may be consi…

The provisions of this Chapter shall be applicable to the computation of Franchise Tax, reports and returns for purposes of computing Franchise Tax, the suspension and reinstatement of corporations and such other matters as may be specifically provided by the provisions of the Co…

The book value of an asset shall include appreciation as reflected in the financial records of the reporting entity. Notes Okla. Admin. Code § 710:40-1-4

The information contained on the balance sheet of the Franchise Tax Return shall be taken from the federal or Oklahoma Income Tax Return for the income tax year of the reporting entity immediately preceding the taxable year for which the Franchise Tax Report is being filed. If th…

(a) General provisions. For tax year 2023 and previous tax years, a franchise tax is levied upon every corporation, association, joint-stock company and business trust organized under the laws of Oklahoma, or organized and existing by virtue of the laws of some other state, terri…

A bank holding company may exclude from the computation of capital employed the capital employed of a bank held by such holding company to the extent of the holding company's ownership percentage in the held bank. If a bank holding company owns less than one hundred percent (100%…

In order to compute the amount of business done for Franchise Tax purposes, a reporting entity shall use the figure reported as either gross receipts or sales as reported on the most recent Oklahoma Income Tax Return. Notes Okla. Admin. Code § 710:40-1-8

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 tangibl…

Figure 1 Notes Okla. Admin. Code tit. 710, ch. 45, app A Added at 25 Ok Reg 2039, eff 7-1-08

Click here to view image Notes Okla. Admin. Code tit. 710, ch. 50, app A Added at 9 Ok Reg 3031, eff 7-13-92 Adopted by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022

Notes Okla. Admin. Code tit. 710, ch. 50, app B

Notes Okla. Admin. Code tit. 710, ch. 50, app C

Notes Okla. Admin. Code tit. 710, ch. 50, app D

A non-Oklahoma domiciled taxpayer has the following beginning of year and end of year balance sheets (assets only): ASSET: BOY EOY COMMENT Cash 5,000 10,000 Accounts Receivable 100,000 150,000 These assets are the result of the sales of the products sold by the unitary business I…

Notes Okla. Admin. Code tit. 710, ch. 60, app A

Notes Okla. Admin. Code § 710:75-1-1 Amended at 12 Ok Reg 601, eff 12-5-94 (emergency); Amended at 12 Ok Reg 2951, eff 7-14-95; Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-10 Added at 12 Ok Reg 601, eff 12-5-94 (emergency); Added at 12 Ok Reg 2951, eff 7-14-95; Amended at 17 Ok Reg 2715, eff 6-25-00; Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-2 Amended at 10 Ok Reg 3869, eff 7-12-93; Amended at 12 Ok Reg 601, eff 12-5-94 (emergency); Amended at 12 Ok Reg 2951, eff 7-14-95; Amended at 16 Ok Reg 2672, eff 6-25-99; Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-3 Amended at 10 Ok Reg 3869, eff 7-12-93; Amended at 12 Ok Reg 601, eff 12-5-94 (emergency); Amended at 12 Ok Reg 2951, eff 7-14-95; Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-4 Amended at 10 Ok Reg 3869, eff 7-12-93; Amended at 17 Ok Reg 2715, eff 6-25-00; Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-5 Amended at 10 Ok Reg 3869, eff 7-12-93; Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-6 Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-7 Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-8 Amended at 19 Ok Reg 2445, eff 6-27-02; Amended at 22 Ok Reg 1588, eff 6-11-05; Revoked at 24 Ok Reg 1449, eff 7-1-07

Notes Okla. Admin. Code § 710:75-1-9 Amended at 12 Ok Reg 601, eff 12-5-94 (emergency); Amended at 12 Ok Reg 2951, eff 7-14-95; Revoked at 24 Ok Reg 1449, eff 7-1-07

The purpose of this chapter is to outline the administrative rules for the Oklahoma Commission for Teacher Preparation. The general purpose of the Oklahoma Commission for Teacher Preparation (hereinafter referred to as the Commission) is prescribed by the Legislature and the Comm…

The Attorney General of the State of Oklahoma shall serve as legal counsel for the Oklahoma Commission for Teacher Preparation and shall assist the Commission in its performance of the powers and duties delineated to it by statutory authority. Notes Okla. Admin. Code § 712:1-1-10…

The Executive Director of the Oklahoma Commission for Teacher Preparation shall have the following powers and duties, which shall include, but not necessarily be limited to: (1) Acting as the chief administrative officer for purposes of carrying out the Commission's statutory aut…

(a) To facilitate the Oklahoma Commission for Teacher Preparation's work, anadministrative committee is created. The function of that committee is to:(1) coordinate the work of the various Commission subcommittees created for purposes of carrying out the intent and purposes of th…

(a) Executive Director. The Administrative Committee shall have the authority to employ the Commission Executive Director, pending approval of the entire Commission. (b) Support and/or administrative personnel. The Executive director shall have the authority to employ support per…

All files, records, minutes, proceedings, rules, documents, decisions, opinions, written statements of policy, and written materials of any other nature required by law to be maintained by this Commission are available for public inspection in the Office of the Executive Director…

Except as provided, the rules governing the rule making powers of the Commission shall be the same as those found in the Administrative Procedures Act (75 O.S. Sections 250 et seq.). Notes Okla. Admin. Code § 712:1-1-14 Added at 11 Ok Reg 4247, eff 7-25-94

The following words or terms, when used in this Chapter, shall have the following meaning, unless the context clearly indicates otherwise: "Commission" means the Oklahoma Commission for Teacher Preparation. "Executive Director" means the Executive Director of the Oklahoma Commiss…

(a) Members. The Oklahoma Commission for Teacher Preparation (hereinafter referred to as the Commission) is an administrative body composed of twenty-four (24) members, of whom 20 shall be voting members and four shall be ex officio, non-voting members. The twenty voting members …

The Office of the Oklahoma Commission for Teacher Preparation is 1141 North Lincoln, Oklahoma City, Oklahoma 73104. The telephone number is (405) 521-3189, and the telecopier is (405) 521-6442. The office hours are from 8:30 a.m. to 5:00 p.m. Central Time, Monday through Friday, …

The Commission shall hold at least six (6) regular monthly meetings each calendar year at a time and place as shall be designated by the Commission. A majority of the voting members (11) of the Commission shall be present at the meeting to constitute a quorum. [70:6-199(B)(2)] No…

The Commission may hold executive sessions at such sessions as is permitted by the Oklahoma Open Meeting Act. Notes Okla. Admin. Code § 712:1-1-6 Added at 11 Ok Reg 4247, eff 7-25-94

Special meetings may be called by the chair or by seven (7) or more members of the Commission by delivery of written notice to each member of the Commission with not less than forty-eight (48) hours notice. A majority of the voting members shall be present at the meeting to const…