{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1023","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1023","heading":"Downward adjustment of value of oil and gas - Refund of","body":"excess tax.\n\nIn the event the gross value of petroleum or other crude or\n\nmineral oil, natural gas, casinghead gas or liquids extracted\n\ntherefrom is adjusted downward by any agency of the United States of\n\nAmerica or a court of competent jurisdiction adjudicating an appeal\n\nfrom said agency, then the amount of the tax paid in excess of the\n\ntax due on the adjusted gross value shall be considered excess tax.\n\nWithin one (1) year following the final determination of the gross\n\nvalue, any producer or purchaser who has paid any such excess tax\n\nmay apply for a refund, and the Tax Commission, upon proper finding,\n\nshall have the authority to refund the amount of excess tax paid.\n\nAny refund may, at the discretion of the Tax Commission, be made in\n\nthe form of a credit against future tax payments.","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":"dc9bdb7e40702a5b18d61632584a10a75aef1c98a20883cc75681cad12182a67","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1022","next":"us-ok/okla.-stat.-tit.-68-68-1024"},"notice":"GroundRules: Original legal text. Not legal advice."}