{"data":{"id":"us-ok/okla.-stat.-tit.-68-68-500.9","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 68, § 68-500.9","heading":"Taxation of motor fuels held in inventory on date of","body":"increase in tax rate.\n\nA. The tax imposed by Section 4 of this act on the date of an\n\nincrease in the tax rate set out in Section 4 of this act shall be\n\napplicable to previously taxed motor fuel:\n\n1. In excess of one thousand (1,000) gallons held in storage by\n\na bulk end user or a consumer; and\n\n2. Inventory held for sale by a fuel vendor.\n\nB. Persons in possession of motor fuel subject to this section:\n\n1. Shall take an inventory to determine the gallons in storage\n\nfor purposes of determining the tax on inventory in determining the\n\namount of motor fuel tax due under this section;\n\n2. May deduct the amount of motor fuel in dead storage;\n\n3. May deduct these gallons in which tax at the full rate has\n\npreviously been paid;\n\n4. May take a deduction for gallons of dyed diesel fuel; and\n\n5. Report the gallons listed in paragraph 1 of this subsection\n\non forms provided by the Commission.\n\nC. The amount of the inventory tax is equal to the inventory\n\ntax rate times the gallons in storage as determined pursuant to the\n\nprovisions of this section. The inventory tax rate is equal to the\n\ndifference between the increased tax rate minus the previous tax\n\nrate to which those gallons were previously subjected to tax.\n\nD. The inventory tax report required by this section shall be\n\naccompanied by payment of the inventory tax calculated in accordance\n\nwith this section, and payment made on or before the due date of the\n\nreport.","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":"cb4a2dc40012749fb0e6b3cbdc7dee231f357f2ff52f669c7f280479263bbb60","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-68-68-500.8","next":"us-ok/okla.-stat.-tit.-68-68-50001"},"notice":"GroundRules: Original legal text. Not legal advice."}