{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-500.23","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-500.23","heading":"Election to defer motor fuel tax remittances -","body":"Rescission of eligibility and election by Commission.\n\nA. Each purchaser that desires to make an election under\n\nSection 500.22 of this title shall submit a request to the Oklahoma\n\nTax Commission for approval, setting forth such information as the\n\nTax Commission may require.\n\nB. The Tax Commission may require a purchaser which pays the\n\ntax to a supplier to file with the Tax Commission a surety bond\n\npayable to the state, upon which the purchaser is the obligor or\n\nother financial security, in an amount satisfactory to the Tax\n\nCommission. The Tax Commission may require that the bond indemnify\n\nthe Tax Commission against uncollectible tax credits claimed by the\n\nsupplier under Section 500.24 of this title.\n\nC. The Tax Commission shall have the authority to rescind a\n\npurchaser's eligibility and election to defer motor fuel tax\n\nremittances after a hearing and upon a showing of good cause,\n\nincluding failure to make timely tax-deferred payment of tax to a\n\nsupplier under Section 500.22 of this title, by sending written\n\nnotice to all suppliers or publishing notice of the revocation\n\npursuant to regulations. The Tax Commission may require further\n\nassurance of the financial responsibility of the purchaser, or may\n\nincrease the bond requirement for that purchaser, or any other\n\naction that the Tax Commission may require to ensure remittance of\n\nthe motor fuel tax. The Tax Commission shall follow the\n\ncancellation procedures as provided in Section 212 of this title in\n\nrescinding eligible purchaser status.","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":"ac787271f6c289c660377b84252aed46a736c81f7375c6f18c106e7384b2d4ff","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-500.22","next":"us-ok/okla.-stat.-tit.-68-68-500.24"},"notice":"GroundRules: Original legal text. Not legal advice."}