Okla. Stat. tit. 68, § 68-500.22: Election by eligible purchasers to defer motor fuel tax

remittances.

Each supplier and bonded importer who sells motor fuel shall

precollect and remit on behalf of and from the purchaser the motor

fuel tax imposed under Section 500.4 of this title. At the election

of an eligible purchaser, which notice shall be evidenced by a

written statement from the Commission as to the purchaser

eligibility status as determined under Section 500.23 of this title,

the seller shall not require a payment of motor fuel tax on

transport truck loads from the purchaser sooner than two (2)

business days prior to the date on which the tax is required to be

remitted by the supplier or bonded importer under Section 500.20 of

this title. This election shall be subject to a condition that the

remittances by the eligible purchaser of all amounts of tax due the

seller shall be paid on the basis of:

1. Ninety-eight and four-tenths percent (98.4%) for gasoline

until July 1, 2029; thereafter remittance shall be paid on the basis

of one hundred percent (100%); and

2. Ninety-eight and one-tenth percent (98.1%) for diesel fuel

until July 1, 2029; thereafter remittance shall be paid on the basis

of one hundred percent (100%),

which shall be paid by electronic funds transfer on or before the

second preceding day prior to the date of the remittance by the

supplier to the Commission, and the election by the eligible

purchaser under this section may be terminated by the seller if the

eligible purchaser does not make timely payments to the seller as

required by this section.