Okla. Admin. Code § 710:10-2-2

Current through Vol. 42, No. 4, November 1, 2024

Section 710:10-2-2 - Agricultural and other equipment

(a)Agricultural related equipment. The term "agricultural related equipment" includes, but is not limited to: balers, combines, cotton pickers and strippers, forage harvesters, mower conditioners, sweepers and brooms, tractors, and windrowers.

(b)Business related equipment. "Business related equipment" includes, but is not limited to: computers, computer components, copiers, facsimile machines, office equipment, office furniture, office machines, printers, including peripherals, safes, and typewriters.

(c)Industrial related equipment. "Industrial related equipment" includes, but is not limited to: air equipment, asphalt distributors and finishers, compaction equipment, cranes, crawlers, loaders, crushing equipment, ditchers (trenchers), excavators (hydraulic and mechanical), forestry equipment, generator sets, motor graders, motor scrapers, pavement millers, pumps, reclaimers/stabilizers, skid steer loaders, sweepers/brooms, tractor (backhoes), tractor (crawlers), tractor (wheel), and wheel loaders.

(d)Petroleum related equipment. "Petroleum related equipment" includes, but is not limited to: cable tool rigs, casing and tubing, crude oil, drill pipe, drilling rigs, gas compressors, meters, natural gas, pipeline costs, tanks, and valves.

(e)Exploration related equipment. All taxable personal property used in the exploration of oil, natural gas, or other minerals, including drilling equipment and rigs shall be assessed annually at its fair cash value, based upon the value set by the first Hadco International monthly bulletin published for the current tax year and such other available relevant and reliable market data, if any, concerning the fair cash value of property of the same kind, using the appropriate depth rating assigned to the draw works by its manufacturer and actual condition of the rig. [See: 68 O.S. § 2817(L)]

(f)Miscellaneous equipment. "Miscellaneous equipment" means, but is not limited to, coin changers, food merchandisers, game machines, golf cars, industrial motors, organs, phonographs, pianos, and vending machines.

Okla. Admin. Code § 710:10-2-2

Added at 22 Ok Reg 2241, eff 6-25-05

Amended by Oklahoma Register, Volume 38, Issue 23, August 16, 2021, eff. 9/1/2021

Amended by Oklahoma Register, Volume 40, Issue 22, August 1, 2023, eff. 8/11/2023