Tax News

CCH (cch.taxgroup.com) reports:

  The Oklahoma Supreme Court has decided that the Oklahoma State Board of Equalization and the Oklahoma Tax Commission (hereinafter, the state revenue authorities) erroneously classified a natural gas gathering facility as a public service corporation and, accordingly, these state revenue authorities were without jurisdiction to assess the facility for purposes of Oklahoma ad valorem taxation. Instead, only the local county assessor had the jurisdiction to assess the facility's property. Furthermore, the court determined that a state statute relied upon by the state revenue authorities in taxing the facility was unconstitutional.