Or. Admin. R. 150-314-0404 - Property Factor; Intangible Drilling Costs

Intangible drilling costs incurred by oil and gas producing companies in connection with producing oil and gas properties located within a taxing jurisdiction are included in the property factor. An election to expense intangible drilling costs for federal tax purposes has no effect on their inclusion in the property factor.


Or. Admin. R. 150-314-0404
RD 10-1986, f. & cert. ef. 12-31-86; Renumbered from 150-314.655(2)-(E), REV 35-2016, f. 8-12-16, cert. ef. 9/1/2016

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 314.655

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