Okla. Admin. Code § 710:40-1-10
Current through Vol. 42, No. 7, December 16, 2024
Inter-company balances shall be eliminated from the computation of capital employed on the Franchise Tax Return. A reporting entity with an inter-company receivable account or note shall eliminate such amount from the value of its assets. A reporting entity with an inter-company payable account or note shall eliminate such amount from its current liabilities. The requirements of this Section shall apply solely to inter-company eliminations between a parent and its subsidiary corporation. [See: 68 O.S. § 1209(b) ]
Okla. Admin. Code § 710:40-1-10