Okla. Stat. tit. 68, § 68-500.23: Election to defer motor fuel tax remittances -

Rescission of eligibility and election by Commission.

A. Each purchaser that desires to make an election under

Section 500.22 of this title shall submit a request to the Oklahoma

Tax Commission for approval, setting forth such information as the

Tax Commission may require.

B. The Tax Commission may require a purchaser which pays the

tax to a supplier to file with the Tax Commission a surety bond

payable to the state, upon which the purchaser is the obligor or

other financial security, in an amount satisfactory to the Tax

Commission. The Tax Commission may require that the bond indemnify

the Tax Commission against uncollectible tax credits claimed by the

supplier under Section 500.24 of this title.

C. The Tax Commission shall have the authority to rescind a

purchaser's eligibility and election to defer motor fuel tax

remittances after a hearing and upon a showing of good cause,

including failure to make timely tax-deferred payment of tax to a

supplier under Section 500.22 of this title, by sending written

notice to all suppliers or publishing notice of the revocation

pursuant to regulations. The Tax Commission may require further

assurance of the financial responsibility of the purchaser, or may

increase the bond requirement for that purchaser, or any other

action that the Tax Commission may require to ensure remittance of

the motor fuel tax. The Tax Commission shall follow the

cancellation procedures as provided in Section 212 of this title in

rescinding eligible purchaser status.