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§ 1001.2. Definitions

Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 10. Gross Production Tax Code (Refs & Annos)
68 Okl.St.Ann. § 1001.2
§ 1001.2. Definitions
As used in this article:1
(a) “Gas” means natural gas or casinghead gas. The terms gas, natural gas or casinghead gas when used in this article are interchangeable, and any provisions relating to any one of these shall relate to all gas, natural gas or casinghead gas;
(b) “Lease” means a spaced unit, a separately metered formation within the spaced unit, or each tract within a Corporation Commission approved unitization, or a lease which, for tax reporting purposes, has been assigned a production unit number;
(c) “Oil” means petroleum or other crude or mineral oil; and
(d) “Person” means any natural person, firm, partnership, joint venture, association, limited liability company, corporation, estate, trust, and any other group or combination acting as a unit.

Credits

Laws 1992, c. 30, § 2, emerg. eff. March 31, 1992; Laws 1993, c. 366, § 36, eff. Sept. 1, 1993.

Footnotes

Title 68, § 1001 et seq.
68 Okl. St. Ann. § 1001.2, OK ST T. 68 § 1001.2
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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