Okla. Stat. tit. 68, § 68-2856

A. Every express company doing business in this state shall

file with the Oklahoma Tax Commission a statement under oath, which

shall include a duplicate of the report made by said company to the

Interstate Commerce Commission of its assets, income, disbursements

and business for the year ending on the thirty-first day of December

of the preceding year.

B. Each statement shall also contain the following items, or

such of them as may not be covered by the information contained in

the report to the Interstate Commerce Commission, and which said

item shall be reported as the same existed on the thirty-first day

of December of the preceding year:

1. The total net assets of the company, as the same are carried

upon the books of the company;

2. The total net assets of the company invested in or

pertaining to business other than the express business, as such

assets are carried upon the books of the company;

3. The total net assets of the company pertaining to or

invested in its express business, as the same are carried upon the

books of the company;

4. The amount of the capital stock of the company and the

number of shares into which the same is divided, or if the company

has no capital stock, then the number of shares or interests into

which it is divided, together with the value placed upon each share,

or interest, for bookkeeping purposes;

5. The market value of the share of the capital stock, or of

the shares or interest of the company, which market price shall be

determined by the average price at which such shares of the capital

stock or shares or interest of the company shall have been sold

during the year upon the New York Stock Exchange, or if such shares

or interest of the company are not listed upon the New York Stock

Exchange, then the average price at which the same have been sold

during the year upon all other stock exchanges;

6. The total mileage, other than ocean mileage, over which the

company conducts an express business; and

7. The mileage over which the company conducts an express

business in this state, the mileage in each county of the state, and

the mileage in each taxing district of each county of the state.

C. In assessing any express company, the State Board of

Equalization may determine the value of all property of such company

pertaining to or employed in its express business, and allocate to

Oklahoma its proportion of the total value upon any just and

reasonable basis. The total assessment for the state shall then be

allocated to the various counties, and municipal subdivisions

thereof, in the proportion which the mileage of the express company

in such counties and subdivisions bears to the total mileage of such

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1186

company in this state. Where an express company has an office or

other taxable property in a county or other taxing district in which

it has no operated mileage, such property shall be listed and

assessed in the county and taxing district where located on January

1.