Okla. Admin. Code § 710:30-1-4

Current through Vol. 42, No. 7, December 16, 2024

Section 710:30-1-4 - Documentary stamp tax based on consideration; interest; property

For purposes of computing the amount received in a transaction subject to the documentary stamp tax imposed by statute no distinction is to be made between cash or security received by the seller.

(1)Measurement. The tax shall be measured by:

(A) The consideration;

(B) The value of the interest conveyed; or

(C) The value of the property conveyed.

(2)Basis. In each instance the basis for computing the tax shall be:

(A) The down payment; plus

(B) The amount of new and assumed mortgages; plus

(C) Any other valuable benefits received by the seller.

(3)Personal property. Any personal property transferred shall have its value deducted from the gross value transferred prior to computing the tax.

Okla. Admin. Code § 710:30-1-4