{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2203","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2203","heading":"Tax not to exceed what ad valorem tax would have been -","body":"Review by Oklahoma Tax Commission.\n\nIt is hereby declared to be the intention of the Legislature\n\nthat the tax herein imposed be not greater than the amount of tax\n\nsuch freight line companies, equipment companies, and mercantile\n\ncompanies would pay if their cars were taxed on an ad valorem basis,\n\nincluding any value inuring to such cars by reason of being a part\n\nof a going concern.\n\nThe Oklahoma Tax Commission upon the complaint of any person who\n\nclaims he is taxed too great a rate hereunder, shall take testimony\n\nto determine whether the taxes herein imposed are greater than the\n\ngeneral ad valorem tax for all purposes would be on such freight\n\ncars, if taxed on an ad valorem basis. The Commission shall have\n\nthe power and it shall be its duty to lower the rate herein imposed\n\nto conform to the facts disclosed at said hearing.\n\nIn order to determine the amount of tax such companies would\n\npay, said Commission may value all cars of any company as a unit and\n\nallocate to Oklahoma that proportion of the total value which the\n\nOklahoma car mileage bears to the total car mileage of the cars of\n\nany such company during the twelve-month period ending on December\n\n31 of any year, and may then apply to such value so ascertained the\n\naverage ad valorem tax rate applied to property throughout the state\n\nfor that calendar year.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"4344de0d3ac18d054c2abd8e61796c299f74df6ab90e22ece0ad60d21d64679b","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2202","next":"us-ok/okla.-stat.-tit.-68-68-2204"},"notice":"GroundRules: Original legal text. Not legal advice."}