Form 528 - Information Return Agriculture Exclusion

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Oklahoma Tax Commission
Tax Year ____
Information Return Agriculture Exclusion
Form 528
For owners who invest in a new or expanded agricultural commodity processing facility and who
intend to claim the exclusion under 68 O.S. Section 2358 and Permanent Rule 710:50-15-62
Name and address of owner
Social Security Number/FEI Number
Name of the agricultural processing facility
Federal Employers Identification Number
Provide the location(s) and the type of agricultural commodities being produced, processed or marketed. Also provide a
detailed description of activity.
Amount Invested
Total Amount of qualifying property placed in service during this tax year
$
........................
..........
Information return - permanent rule 710:50-15-62
Owners who intend to claim the exclusion for an investment in a new or expanded Oklahoma agricultural processing facility
under 68 O.S. Section 2358 must file an information return, reporting the amount of qualified property placed in service
during the preceding calendar year.
Definitions:
"Agricultural commodity processing facility" means building, structures, fixtures or improvements used or operated
primarily for the processing or production of marketable products from agricultural commodities. The term does not include
a facility that provides only, and nothing more than, storage, cleaning, drying or transportation of agricultural commodities.
"Facility" means each part of the facility which is used in a process primarily for:
(1) the processing of agricultural commodities, including receiving or storing agricultural commodities,
(2) transporting the agricultural commodities or product before, during or after the processing, or
(3) packaging or otherwise preparing the product for sale or shipment.
"Agricultural commodities" means a farm or ranch product, including but not limited to, wheat, corn, soybeans, cotton,
timber, cattle, hogs, sheep, horses, poultry, animals of the families bovidae, cervidae, and antilocapridae, or birds of the
ratite group, produced in farming or ranching operations, or a product of such crop or livestock in its unmanufactured state,
such as ginned cotton, wool dip, maple syrup, milk, and eggs, or any other commodity listed under any Industry Group
Number under Major Group 20, Division D, of the Standard Industrial Classification Manual.
Under penalties of perjury, I declare that I have examined this return, including accompanying statements, and to the best of
my knowledge and belief it is true, accurate and correct.
Investor
Date
This information return must be filed by January 31st of the following calendar year.
The Oklahoma Tax Commission is not required to give actual notice to taxpayer of changes in any state tax law.
Mail to:
Oklahoma Tax Commission
2501 Lincoln Blvd.
Oklahoma City, OK 73194

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