{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-1703","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-1703","heading":"Surety bond conditioned upon compliance with tax laws -","body":"Waiver.\n\nNotwithstanding the provisions of Sections 1103 and 1731 of\n\nTitle 69 of the Oklahoma Statutes, every nonresident contractor,\n\nincluding those in the position of subcontractor, subject to the\n\nprovisions of this article, before actually commencing work or\n\nundertaking to perform any services or duties under any such\n\ncontract in excess of One Hundred Thousand Dollars ($100,000.00),\n\nshall file with the Oklahoma Tax Commission a surety bond with a\n\nsurety authorized to do business in this state, in the penal sum of\n\nnot less than three times the tax liability incurred or to be\n\nincurred under any such contract, payable to the State of Oklahoma,\n\nor, in lieu of such surety bonds, cash or negotiable bonds or other\n\nobligations of the United States of America, the State of Oklahoma\n\nor its subdivisions, conditioned upon compliance with the tax laws\n\nof Oklahoma, both state and local, the Oklahoma Employment Security\n\nAct, the Oklahoma Workers’ Compensation Act, and the provisions and\n\nrequirements of this article; provided:\n\n1. If such contractor receives another contract to perform\n\nservices or duties in this state or if, in the judgment of the Tax\n\nCommission the amount of tax liability incurred or to be incurred\n\nunder such contract is increased from the amount used to compute the\n\namount of the original bond, the amount of such bond shall be\n\nincreased to meet the requirements set forth in this subsection;\n\n2. The amount of such tax liability may be reduced by the\n\namount of the tax liability incurred or to be incurred by\n\nnonresident contractors in the position of subcontractors, who\n\nactually post bonds on their subcontracts, listed in the notice to\n\nthe Oklahoma Tax Commission by a prime contractor, as required by\n\nthe preceding section; and\n\n3. If the Tax Commission, after making an investigation at the\n\nrequest of a nonresident contractor, finds that such nonresident\n\ncontractor has and will continue to have property within Oklahoma,\n\nand has regularly engaged in business in this state and will\n\ncontinue to do so, and the Tax Commission, for said reason,\n\ndetermines in writing that such nonresident contractor’s financial\n\nresponsibility is sufficient to cover its tax liability and the\n\nother obligations covered by this article, such nonresident\n\ncontractor shall not be required to make and file the surety bond\n\nrequired in this section nor to give the notices required by this\n\narticle, and the Tax Commission shall notify the nonresident\n\ncontractor of its findings.","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":"2d0370defbc657684fb6f8b45f7e930c228a8417980293067cb599138efd3010","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-1702","next":"us-ok/okla.-stat.-tit.-68-68-1704"},"notice":"GroundRules: Original legal text. Not legal advice."}