{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1010a","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1010a","heading":"One-time payment of gross production tax - Reduction of","body":"bond - Delinquency - Reduction of amount of tax due on final return.\n\nA. On or before November 25, 2004, all persons who have\n\nreceived a gross production tax purchaser reporting number or have\n\notherwise been approved to remit gross production taxes, shall remit\n\na one-time payment of gross production tax in an amount equal to the\n\nlesser of the average monthly remittance due from the tax remitter\n\nfor the period from September 1, 2003, through August 31, 2004, or\n\nthe average monthly remittance for the period from March 1, 2004,\n\nthrough August 31, 2004. Provided, a tax remitter may apply to the\n\nOklahoma Tax Commission to reduce its remittance because the average\n\nmonthly remittance computed under this paragraph is not reflective\n\nof the current volumes of production reported by the tax remitter.\n\nThe application to remit a lesser amount must be filed with the Tax\n\nCommission on or before October 1, 2004. The decision of the Tax\n\nCommission on the application shall be final and no right of appeal\n\nto any court may be taken from such decision.\n\nB. The Tax Commission shall reduce the amount of the bond\n\nrequired by the Tax Commission by the amount of the one-time\n\npayment. If the bond posted is equal to or less than the amount of\n\nthe payment, the tax remitter shall be relieved from the bond\n\nrequirement, upon request. The tax remitter shall neither deduct\n\nnor otherwise collect all or any portion of the one-time payment\n\nfrom any person or entity entitled to the proceeds of production\n\nfrom an oil or gas lease in the State of Oklahoma.\n\nC. If the tax is not paid on or before November 25, 2004, the\n\ntax shall become delinquent and shall be collected in the manner\n\nprovided by law for the collection of delinquent gross production\n\ntaxes.\n\nD. The amount of tax due on the final return of a tax remitter\n\nshall be reduced by the amount of the payment made pursuant to this\n\nsection. If the amount due is less than the amount of the payment\n\nrequired by this section, the Tax Commission shall refund the\n\nbalance of the payment to the tax remitter.","path":["OK Code","Title 68"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os68.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"3a99a3cbcc9bbdecc8324ee109c93fb5a7c3d0a0a0640da38b4eec14455d69a9","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1010","next":"us-ok/okla.-stat.-tit.-68-68-1011"},"notice":"GroundRules: Original legal text. Not legal advice."}