{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1407.1","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1407.1","heading":"Tax paid on worthless or uncollectible gross receipts -","body":"Credit.\n\nAny taxes paid by vendors pursuant to Sections 1406 and 1407 of\n\nTitle 68 of the Oklahoma Statutes on gross receipts represented by\n\naccounts receivable which, on or after December 31, 1990, are found\n\nto be worthless or uncollectible and that are eligible to be claimed\n\nif the taxpayer kept accounts on a cash basis or could be eligible\n\nto be claimed if the taxpayer kept accounts on an accrual basis, as\n\na deduction pursuant to Section 166 of the Internal Revenue Code, or\n\nthe unpaid portion of any account at the time repossession is\n\naccomplished under the terms of a conditional sales contract, may be\n\ncredited upon subsequent reports and remittances of the tax levied\n\nin this article, in accordance with the rules and regulations of the\n\nTax Commission. If such accounts are thereafter collected, the same\n\nshall be reported and the tax shall be paid upon the amount so\n\ncollected.","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":"cc0f023ca29e7a5058bdf506b8a52490e95ebd60e6029793083dcd881c1b7baa","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1407","next":"us-ok/okla.-stat.-tit.-68-68-1407.2"},"notice":"GroundRules: Original legal text. Not legal advice."}