Oklahoma § 68-2838 - Corporations - Lists or schedules of property - Tax

§ 68-2838. Corporations - Lists or schedules of property - Tax

liability of property - Statement of capital stock, capital,

indebtedness and other financial information.

A. All corporations organized, existing or doing business in

this state, other than railroads, air carriers and public service

corporations assessed by the State Board of Equalization, and other

than national banks, state banks and trust companies, and building

and loan associations, shall, on or before March 15th of each year,

return sworn lists or schedules of their taxable property within

each county, to the county assessor of such county, and such

property shall be listed with reference to amount, kind and value,

Oklahoma Statutes - Title 68. Revenue and Taxation

on 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 private persons, in the taxing districts in

which such property is located. Any real estate owned by such

corporation shall be assessed annually at the same time and in the

same manner as real estate belonging to private persons. In making

such sworn lists, all corporations shall itemize their property in

the same manner and to the same extent as required by railroads, air

carriers and public service corporations.

B. It shall be the duty of each corporation to make, under

oath, and deliver to the county assessor of the county where its

principal business is transacted, a statement on forms prescribed by

the Oklahoma Tax Commission, of its authorized capital stock and the

amount of capital paid thereon, the amount of its outstanding bonded

and other indebtedness, the total amount of its invested capital

within and without Oklahoma, and such other financial information as

may be deemed necessary to enable the county assessor to determine

the value of real or personal property owned by any such

corporation; and each corporation shall also deliver to the county

assessor of the county where its principal business is located, a

copy of all lists or schedules of property filed in every other

county in this state.

Added by Laws 1988, c. 162, § 38, eff. Jan. 1, 1992. Amended by

Laws 1995, c. 57, § 4, eff. July 1, 1995.