Oklahoma § 17-514 - Taxation of unit production or sale proceeds
Full text of Oklahoma Oklahoma Statutes § 17-514 — Taxation of unit production or sale proceeds, with citation guidance and answers to common questions.
§ 17-514. Taxation of unit production or sale proceeds
Neither the unit production nor proceeds from the sale thereof
shall be treated, regarded or taxed as income or profits to the
unit. Instead, such receipts shall be the income of the several
persons to whom same are payable under the plan of unitization. To
the extent the unit may receive or disburse any receipts it shall
only do so as a common administrative agent of the persons to whom
the same are payable.
Added by Laws 1990, c. 255, § 15, eff. Sept. 1, 1990.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 17-514
What does Oklahoma Statutes § 17-514 cover?
Section 17-514 ("Taxation of unit production or sale proceeds") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 17-514?
A common citation format is "Oklahoma Statutes § 17-514" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 17-514 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.