{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-500.24","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-500.24","heading":"Suppliers' entitlement to credit for uncollectible","body":"taxes.\n\nA. In computing the amount of motor fuel tax due, the supplier\n\nshall be entitled to a credit against the tax payable the amount of\n\ntax paid by the supplier that has become uncollectible from an\n\neligible purchaser.\n\nB. The supplier shall provide notice to the Commission of a\n\nfailure to collect tax within ten (10) business days following the\n\ndate on which the supplier was earliest entitled to collect the tax\n\nfrom the eligible purchaser under Section 22 of this act.\n\nC. The Commission shall adopt rules establishing the evidence a\n\nsupplier must provide to receive the credit.\n\nD. The credit shall be claimed on the first return following\n\nthe expiration of the ten-day period as provided in this section if\n\nthe payment remains unpaid as of the filing date of that return or\n\nthe credit shall be disallowed.\n\nE. The claim for credit shall identify the defaulting eligible\n\npurchaser and any tax liability that remains unpaid.\n\nF. If an eligible purchaser fails to make a timely payment of\n\nthe amount of tax due, the credit of the supplier shall be limited\n\nto the amount due from the purchaser, plus any tax that accrues from\n\nthat purchaser for a period of ten (10) days following the date of\n\nfailure to pay.\n\nG. No additional credit shall be allowed to a supplier under\n\nthis section until the Commission has authorized the purchaser to\n\nmake a new election under Section 23 of this act.","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":"9282a992e3287693221c66b09a2476b78a5699236d012379cfa56c9f286e56b3","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-500.23","next":"us-ok/okla.-stat.-tit.-68-68-500.25"},"notice":"GroundRules: Original legal text. Not legal advice."}