{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2366","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2366","heading":"Allocation of income and deductions","body":"The Tax Commission may allocate gross income, gains, losses,\n\ndeductions, credits or allowances between two or more organizations,\n\ntrades or businesses (whether or not incorporated, or organized in\n\nthe United States or affiliated) owned or controlled directly or\n\nindirectly by the same interests, if the Tax Commission reasonably\n\ndetermines such allocation is necessary to prevent evasion of taxes\n\nor to clearly reflect income of the organizations, trades or\n\nbusinesses. Each such organization shall be deemed to be\n\ntransacting business in Oklahoma and subject to all the provisions\n\nof this act. This section shall apply only with respect to related\n\norganizations, trades or businesses which in the aggregate derive\n\nincome both within and outside the State of Oklahoma and then only\n\nwith respect to such income, deductions, credits or allowances\n\nrelated thereto.","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":"b73f798c17201c3101b77e96c68ea13f2642a1afde7b182cc6042fb31f4db031","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2365","next":"us-ok/okla.-stat.-tit.-68-68-2367"},"notice":"GroundRules: Original legal text. Not legal advice."}