Okla. Stat. tit. 68, § 68-2366
This is the official text of Okla. Stat. tit. 68, § 68-2366, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
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Allocation of income and deductions
Official statutory text
The Tax Commission may allocate gross income, gains, losses,
deductions, credits or allowances between two or more organizations,
trades or businesses (whether or not incorporated, or organized in
the United States or affiliated) owned or controlled directly or
indirectly by the same interests, if the Tax Commission reasonably
determines such allocation is necessary to prevent evasion of taxes
or to clearly reflect income of the organizations, trades or
businesses. Each such organization shall be deemed to be
transacting business in Oklahoma and subject to all the provisions
of this act. This section shall apply only with respect to related
organizations, trades or businesses which in the aggregate derive
income both within and outside the State of Oklahoma and then only
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1030
with respect to such income, deductions, credits or allowances
related thereto.
deductions, credits or allowances between two or more organizations,
trades or businesses (whether or not incorporated, or organized in
the United States or affiliated) owned or controlled directly or
indirectly by the same interests, if the Tax Commission reasonably
determines such allocation is necessary to prevent evasion of taxes
or to clearly reflect income of the organizations, trades or
businesses. Each such organization shall be deemed to be
transacting business in Oklahoma and subject to all the provisions
of this act. This section shall apply only with respect to related
organizations, trades or businesses which in the aggregate derive
income both within and outside the State of Oklahoma and then only
Oklahoma Statutes - Title 68. Revenue and Taxation Page 1030
with respect to such income, deductions, credits or allowances
related thereto.
Status: in_force · Read it on the official government site
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