us-ok/stat
Okla. Stat. tit. 68, § 500.10-1
Ethanol credit – Refund claims process
# A.
As used in this section:
# 1.
"Ethanol" means a blend of gasoline and ethyl alcohol consisting of not more than fifteen percent (15%) ethyl alcohol by volume; and
# 2.
"Retail dealer" means the type of dealer described by paragraph 53 of Section 500.3 of Title 68 of the Oklahoma Statutes.
# B.
Unless the federal government mandates the use of reformulated fuel in an area within the State of Oklahoma in nonattainment with the National Ambient Air Quality Standards, there shall be allowed as a credit against the tax levy imposed pursuant to paragraph 1 of subsection A of Section 500.4 of Title 68 of the Oklahoma Statutes in the amount of one and six-tenths cents ($0.016) for each gallon of ethyl alcohol which is contained in ethanol sold by a retail dealer.
# C.
Notwithstanding any other provision of the Oklahoma Motor
Fuel Tax Code to the contrary, the retail dealer described by subsection A of this section may make the claim for refund from the Oklahoma Tax Commission. The refund claim process for the credit authorized by this section shall be substantially the same as the refund claims process authorized by the Motor Fuel Tax Code for other refunds provided by law.
# D.
Each claim for refund filed pursuant to this section shall be accompanied by such documentation as may be required by the Tax Commission that the retail dealer reduced the retail price for each gallon of ethyl alcohol which is contained in ethanol sold, and for which the credit authorized by this section is claimed, by one and six-tenths cents ($0.016) and that such cost savings was economically provided to the purchaser of the ethanol fuel.
Amendment history
Added by Laws 2005, c. 294, § 2, eff. Jan. 1, 2006.
Source: view the official text
Nearby sections (25 sections)
- 500.2 · Legislative intent and purpose
- 500.3 · Definitions
- 500.4 · Levy of tax
- 500.4A · Levy of tax equal to reduction in federal excise tax
- 500.4B · Additional tax imposed on diesel fuel and gasoline -…
- 500.5 · Presumptions
- 500.6 · Apportionment of gasoline and compressed natural gas tax
- 500.6a · Distribution of tax revenue
- 500.7 · Apportionment of diesel fuel tax
- 500.8 · Measurement of tax on importer gallons and supplier gallons
- 500.9 · Taxation of motor fuels held in inventory on date of increase…
- 500.10 · Exemptions from motor fuels tax
- 500.10-1 · Ethanol credit – Refund claims process
- 500.11 · Perfecting exemption for exports
- 500.12 · Regulations for exempt use of kerosene
- 500.13 · Procedures for tax exempt sales of motor fuel to governmental…
- 500.14 · Perfection of certain exemptions by refund claim
- 500.15 · Perfecting exemptions for suppliers, tank wagon importers and…
- 500.16 · Procedures for claiming refund - Investigations - Credit in…
- 500.17 · Interest on refund
- 500.18 · Payment of tax by licensed occasional importers and licensed…
- 500.19 · Election regarding fuel removals from out-of-state terminals
- 500.20 · Precollection and remittance of tax by suppliers
- 500.21 · Joint and several liability of termianl operators - Remittance…
- 500.22 · Election by eligible purchasers to defer motor fuel tax…