Okla. Stat. tit. 68, § 68-500.24: Suppliers' entitlement to credit for uncollectible

taxes.

A. In computing the amount of motor fuel tax due, the supplier

shall be entitled to a credit against the tax payable the amount of

tax paid by the supplier that has become uncollectible from an

eligible purchaser.

B. The supplier shall provide notice to the Commission of a

failure to collect tax within ten (10) business days following the

date on which the supplier was earliest entitled to collect the tax

from the eligible purchaser under Section 22 of this act.

C. The Commission shall adopt rules establishing the evidence a

supplier must provide to receive the credit.

D. The credit shall be claimed on the first return following

the expiration of the ten-day period as provided in this section if

the payment remains unpaid as of the filing date of that return or

the credit shall be disallowed.

E. The claim for credit shall identify the defaulting eligible

purchaser and any tax liability that remains unpaid.

F. If an eligible purchaser fails to make a timely payment of

the amount of tax due, the credit of the supplier shall be limited

to the amount due from the purchaser, plus any tax that accrues from

that purchaser for a period of ten (10) days following the date of

failure to pay.

G. No additional credit shall be allowed to a supplier under

this section until the Commission has authorized the purchaser to

make a new election under Section 23 of this act.