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OTC 901-P                                                          State of Oklahoma 
Tax Year 2024               Business Personal Property • Petroleum Related
    Revised 11-2023                 Return to County Assessor - Filing Date: January 1 - Delinquent Penalties After March 15

RE#                                                  PP#                                                       REPORT ONLY TANGIBLE ASSETS
                                                                                                             FEIN:   ________________________________________________________
Phone Number                                                                                                 Type of Business:  _______________________________________________
Email Address                                                                                                North American Industry
                                                                                                             Classification System
Owner/DBA                                                                                                    Are other businesses included in this rendition?                Yes       No
                                                                                                             If yes, please list:  ______________________________________________
Mailing 
Address                                                                                                      Physical location if different from mailing address:
                                                                                                             _____________________________________________________________
                                                                                                             Please provide the name and phone number of person to contact for audit purposes:
City, State, ZIP                                                                        PART ONE: START HERE ________________________________________________________________

Are you still in business at this location?       Yes           No If No, current location:  ________________________________________________
If No, do you still own the business personal property?         Yes         No         If No, date disposed/sold:                                __________/ _________ / ________
If sold, buyer name:   ________________________________________                        Buyer address:  ________________________________________________
If disposed or sold, stop here.  Sign and return.
PART TWO: OKLAHOMA TAXABLE FIXED ASSETS, FROM FORM 904 SCHEDULE 904-3-P
                                    Beginning Total             Additions to Total     Deletions to Total                         Ending Total
    Description                     Original Cost               Original Cost          Original Cost                              Original Cost                        Assessor Use
                                    Not Book Value              Not Book Value         Not Book Value                             Not Book Value                       Reconciled    Assessed Value
  Leasehold Improvements
    Furniture and Fixtures
    Electronic Equipment
    Computer Equipment
Tools, Machinery and/or Equipment
    Processing Plants
         Pipelines
             Meters
Booster/Compressor Station Equipment
  Valve Station Equipment
             Other
    Leased to Others
    (   See Instructions)
  Column Totals                                                                                                                                                    Total           Total
    Leased from Others                                           A) Total Fixed Assets 
    (   See Instructions)

PART THREE: OKLAHOMA TAXABLE INVENTORY                                                                                                                                 Total Value
Inventories: Total supplies, parts, equipment,      Average Inventory (From Part 6)                                                                                    Total Assessed
etc. stored and/or not currently in use including 
petroleum products in storage. Total monthly        Less Freeport Exemption (Form 901-F)                                                                               Penalty
inventories from Part 6 on page 2.
                                                    Consignment and/or Floorplan Inventory                                                                             Total Net
For Taxpayer(    See instructions)                                                                                                                                   Assessed
Fair Cash Value (Market):                                       B) Net Taxable Inventory                     =                                                               Date Filed
$                                                               C)Grand Total (add  A+  )B                   =                                                         _____ / _____ / _____
State of Oklahoma • County of  __________________________________________________                                                                                      Assessment %  School District
I,  _________________________________________________________________________ under penalties of perjury, do hereby depose and say that 
I am  _____________________________________________ of  _______________________________________________________________ company; 
that as such I am acquainted with the books, accounts, and affairs of said company and know the accompanying statement to be true, correct, and 
complete and that all information requested herein has been fully and correctly given to the best of my knowledge. (68 OS Sec. 2945 provides penalties for false oaths)

Don’t Forget       Signature of preparer if other than taxpayer                   Date                       Preparer’s address
to Sign      
                   Signature of taxpayer                                          Date                       Preparer’s identification number                          Preparer’s phone number



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Form 901-P
Page 2
PART FOUR: ADDITIONS DURING THE REPORTING YEAR
                                                                                                                        Year Acquired
Item                                          Item Description
Number                                                                                                                 New                   Used                         Total Original Cost

                                                                                                                                             TOTAL
PART FIVE: DELETIONS DURING THE REPORTING YEAR
Item                                                                                                                    Year Acquired
Number                                        Item Description
                                                                                                                       New                   Used                         Total Original Cost

PART SIX: MONTHLY INVENTORY                                                                                                                  TOTAL
      January                        February                      March                                 April                     May                          June
                                                                                                                                                                                 Average 
          July                       August                        September                            October                November                       December

                                                                                                         Tools, Machinery and Equipment
Form 901-P Instructions                                                                                  Fuel in storage, gas in storage, tanks, pumps, signs, miscellaneous tools, power equipment, fork lifts, 
Who Must File                                                                                            mobile yard cranes, tractors, non-tagged vehicles or trailers, drilling rig equipment and other such 
All business concerns, corporations, partnerships or individuals are required by Oklahoma                items which are not otherwise specifically exempt from ad valorem taxation by payment of gross 
law to file each year a statement of taxable assets as of January 1, that are located in this            production tax. Do not list current licensed and tagged vehicles.
county and are not specifically exempt from ad valorem taxation by payment of gross                      Meters
production tax.  The rendition must be signed by an owner, partner, or officer of the business           Meters, regulators or devices and all related items used to measure oil, natural gas, carbon dioxide, 
concern or designated agent.                                                                             or liquid hydrocarbons that are not otherwise specifically exempt from ad valorem taxation by pay-
What is Included                                                                                         ment of gross production tax.
Taxable assets rendered on this form should only include those assets that are not exempt by pay-        Pipelines
ment of gross production tax. The Oklahoma Tax Commission has published rule 710:10-8 concern-           List the size and length of pipe used in the gathering or transmission of oil, natural gas, carbon diox-
ing property eligible for exemption from ad valorem taxation pursuant to the provisions in paragraphs    ide, liquid hydrocarbons or other such products. This will include steel, PVC, polyethylene, including 
(R) and (S) of Section 1001 of Title 68. Both the rule and statutory reference can be found on the       any pipe, wrappings, coatings, protection devices, and other costs directly or indirectly related to the 
OTC website: tax.ok.gov. They may also be obtained from the Ad Valorem Division.                         asset, which are not otherwise specifically exempt from ad valorem taxation by payment of gross 
Penalties                                                                                                production tax.
Failure to file by March 15 will subject the taxpayer to a mandatory penalty of ten (10) percent, or a   Booster/Compressor Stations
twenty (20) percent penalty if not filed by April 15 (68 OS Sec. 2836 (C). Any omitted property pursu-   Compressor stations including tanks, pipe, valves, measuring or regulatory devices or other related 
ant to 68 OS Sections 2843 and 2844 shall also be subject to penalty and interest from the time of       equipment not used for production purposes at the well site and not specifically exempt from ad 
discovery not to exceed fifteen (15) years on real property and three (3) years on personal property.    valorem taxation by payment of gross production tax.
Taxpayers Filing Form 901-P                                                                              Valve Stations
Attach a complete detailed listing of all taxable assets grouped by description, year acquired           Valves or groups of valves used in the collection, distribution, gathering or transmission of oil, natural 
and original cost.  Use OTC Schedule 904-3-P for individual assets located in specific school            gas, carbon dioxide, or any other liquid hydrocarbons. Include launchers, receivers, meters, tanks, 
districts. The form is available on the OTC website: tax.ok.gov, from the county assessor or             pipe and other related equipment that are not specifically exempt from ad valorem taxation by pay-
the Ad Valorem Division.                                                                                 ment of gross production tax.
North American Industry Classification Code (NAICS)                                                            Leased To/From Others
This is the six digit Federal Business Activity Code. If unknown, this code may be obtained from the     Leased assets which are leased to/from others and are not specifically used in the production process 
federal publication of the same name, the Ad Valorem Division, U.S. Department of Census website:        and are not exempt from ad valorem tax by payment of gross production tax. List lessee/lessor, ad-
www.census.gov/epcd/www/naicstab.htm or search keyword NAICS.                                            dress, asset type, description, total acquisition cost and age at acquisition. Additional pages may be 
Original Cost Values                                                                                     attached to this form or OTC Form 904-3-P if necessary.
Report the original cost, including freight-in and installation costs. Do not deduct investment credit,  Inventories
trade-in allowances or depreciation. If unknown, estimate the original cost. Estimated costs will not    Add the total monthly inventories. Divide the sum by the number of months in business for the year 
be depreciated without supporting documents.                                                             to determine the average inventory.  Inventories held for others or consigned must be reported sepa-
Year Acquired                                                                                            rately. Inventory which may be exempt must be claimed on the Freeport Exemption Form OTC 901-F 
Acquisition or purchase date, new or used. Depreciation cannot be correctly calculated without the       which should be filed with the OTC Form 901-P.
acquisition date.                                                                                        If the Business is Sold, Closed or Name Changed
Leasehold Improvements                                                                                   To avoid possible incorrect or duplicate assessments, taxpayers should provide information as follows:  
Report total cost and a detailed description of improvements to property owned by others.  Do not        •  Business Sold:  Date of sale, name and address of new owner.
report building expansions or repairs that are otherwise included in the real estate value of the build- •  Business Closed:  Date of closing and date that all personal property was disposed. Report the 
ing. Report only those improvements that are “tenant” specific. This may include interior modifications         location and total value of any remaining personal property still owned on the assessment date of 
such as partitions, lighting, electrical, suspended ceilings, etc.                                              January 1. This will also include any assets in storage.
Furniture and Fixtures                                                                                   •  Business Name Change:  Date of name change and new name.
Items include office desks, chairs, credenzas, file cabinets, tables, booths, modular cubicles, book     Any detailed information that could clarify any of the above events should be included.
cases, racks and other such items.                                                                       School District
Office Equipment                                                                                         For distribution of values to the appropriate school districts, use the OTC 904-3-P when reporting 
Items include calculators, copiers, blueprint machines, plotters, fax machines, shredders, postage       individual assets located in different school districts. The OTC Form 901-P is the total asset reporting 
machines, telephone equipment, lunch room or kitchen appliances and other such items.                    form for the business entity.
Computer Equipment                                                                                       Maps
Items include computer hardware, monitors, drives, and other such hardware components. Custom            Enclose a detailed map noting the location of all taxable assets. This is especially important in the 
software is exempt as an intangible.                                                                     case of various taxable pipeline systems for correct assessment.
Processing Plants:                                                                                       Intangible Business Personal Property
Any refinery, gas extraction, purification or other such processing facilities, including all equipment  If any intangible property is imbedded in the reported assets, the intangible property must be identified 
used in the processing of oil, natural gas, carbon dioxide or other liquid hydrocarbons which are not    and valued to the county assessor with an impairment study or other such professionally prepared 
otherwise specifically exempt from ad valorem taxation by payment of gross production tax.               justification. Supplemental Form 901-IP must be used for any submission.
                                                                                                         Part Three: Oklahoma Taxable Inventory
                                                                                                               For Taxpayer: Use the space provided on page 1 for the taxpayer estimated fair cash value defined 
                                                                                                         by Oklahoma Law as being the price the property would bring at a fair voluntary sale, as of January 1. 
                                                                                                         See [68 OS Sec. 2802(19)].






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