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.
Stat. Auth.: ORS 305.100
Stats. Implemented: ORS 314.655
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