Or. Admin. R. 150-314-0404 - Property Factor; Intangible Drilling Costs

150-314-0404
Property Factor; Intangible Drilling Costs

Intangible drilling costs incurred by oil and gas producing companies in connection with producing oil and gas properties located within a taxing jurisdiction are included in the property factor. An election to expense intangible drilling costs for federal tax purposes has no effect on their inclusion in the property factor.