{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-2856","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-2856","heading":"Express companies - Statement under oath - Assessment","body":"A. Every express company doing business in this state shall\n\nfile with the Oklahoma Tax Commission a statement under oath, which\n\nshall include a duplicate of the report made by said company to the\n\nInterstate Commerce Commission of its assets, income, disbursements\n\nand business for the year ending on the thirty-first day of December\n\nof the preceding year.\n\nB. Each statement shall also contain the following items, or\n\nsuch of them as may not be covered by the information contained in\n\nthe report to the Interstate Commerce Commission, and which said\n\nitem shall be reported as the same existed on the thirty-first day\n\nof December of the preceding year:\n\n1. The total net assets of the company, as the same are carried\n\nupon the books of the company;\n\n2. The total net assets of the company invested in or\n\npertaining to business other than the express business, as such\n\nassets are carried upon the books of the company;\n\n3. The total net assets of the company pertaining to or\n\ninvested in its express business, as the same are carried upon the\n\nbooks of the company;\n\n4. The amount of the capital stock of the company and the\n\nnumber of shares into which the same is divided, or if the company\n\nhas no capital stock, then the number of shares or interests into\n\nwhich it is divided, together with the value placed upon each share,\n\nor interest, for bookkeeping purposes;\n\n5. The market value of the share of the capital stock, or of\n\nthe shares or interest of the company, which market price shall be\n\ndetermined by the average price at which such shares of the capital\n\nstock or shares or interest of the company shall have been sold\n\nduring the year upon the New York Stock Exchange, or if such shares\n\nor interest of the company are not listed upon the New York Stock\n\nExchange, then the average price at which the same have been sold\n\nduring the year upon all other stock exchanges;\n\n6. The total mileage, other than ocean mileage, over which the\n\ncompany conducts an express business; and\n\n7. The mileage over which the company conducts an express\n\nbusiness in this state, the mileage in each county of the state, and\n\nthe mileage in each taxing district of each county of the state.\n\nC. In assessing any express company, the State Board of\n\nEqualization may determine the value of all property of such company\n\npertaining to or employed in its express business, and allocate to\n\nOklahoma its proportion of the total value upon any just and\n\nreasonable basis. The total assessment for the state shall then be\n\nallocated to the various counties, and municipal subdivisions\n\nthereof, in the proportion which the mileage of the express company\n\nin such counties and subdivisions bears to the total mileage of such\n\ncompany in this state. Where an express company has an office or\n\nother taxable property in a county or other taxing district in which\n\nit has no operated mileage, such property shall be listed and\n\nassessed in the county and taxing district where located on January\n\n1.","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":"51bc011e13bd3ce7347d8d7a93d5a18550ab1d26ab58d22bd11c8e115215c55c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-2855","next":"us-ok/okla.-stat.-tit.-68-68-2857"},"notice":"GroundRules: Original legal text. Not legal advice."}