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 Oklahoma Statutes (Last Updated: September 18, 2014)
 Title 68. REVENUE AND TAXATION

  § 68-2848. Railroads, air carriers and public service corporations - Sworn lists or schedules.  

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  • A.  Every railroad, air carrier and public service corporation organized, existing, or doing business in this state, shall, on or before April 15 of each year, return sworn lists or schedules of its taxable property to the Oklahoma Tax Commission as provided by law, or as may be required by the Commission; and such property shall be listed with reference to the amount, kind, and value as of the first day of January of the year in which it is listed; and said property shall be subject to taxation for county, municipal, public school and other purposes to the same extent as the real and personal property of individuals.

    B.  The Oklahoma Tax Commission may request certain financial data be included on any statement or schedule including, but not limited to:

    1.  The amount of capital stock authorized, and the number of shares into which such capital stock is divided;

    2.  The amount of capital stock paid up;

    3.  The market value of such stock, or if no market value, then the actual value of the shares of stock; and

    4.  The total amount of bonded indebtedness.

Added by Laws 1988, c. 162, § 48, eff. Jan. 1, 1992.  Amended by Laws 1988, c. 258, § 6, emerg. eff. June 27, 1988; Laws 1995, c. 57, § 8, eff. July 1, 1995.