us-ok/stat
Okla. Stat. tit. 68, § 500.40
Final report and payment of tax upon termination of business or cancellation of license - Termination of certain licenses - Application by former licensees for eligible purchaser status
# A.
Every licensee shall, upon the discontinuance, sale, or transfer of the business or upon the cancellation, revocation or termination by law of a license under subsection C or F of Section 36 of this act, or as otherwise provided, within thirty (30) days, make a report as required under this act marked "Final Report", and shall pay all motor fuel taxes and penalties that may be due the state except as may otherwise be provided by law.
# B.
The payment shall be made to the Commission in accordance with Section 30 of this act.
# C.
For purposes of this section, any person who was licensed to remit motor fuel taxes by this state prior to the effective date of this act and who is not licensed as a supplier under this act shall be deemed to have the license terminated under this section as of the effective date of this act.
# D.
Any former licensee shall be given the opportunity to apply for eligible purchaser status as provided in Sections 22 and 23 of this act, prior to the effective date of this act. Should such determination not be complete before the effective date, collection of tax shown on the final report of the former license shall be delayed until the determination is complete. However, the final report shall be due not later than thirty (30) days after a denial of eligible purchaser status under Section 30 of this act becomes final.
Amendment history
Added by Laws 1996, c. 345, § 40, eff. Oct. 1, 1996.
Source: view the official text
Nearby sections (25 sections)
- 500.28 · Collection of tax - Liability wholesaler, retailer, end-user,…
- 500.29 · Diversions of motor fuel - Payment of tax
- 500.30 · Deferred payment by vendors without eligible purchaser
- 500.31 · Blending untaxed materials with taxed fuels - Remittance of tax
- 500.32 · Importation of motor fuel in tank wagons - Destination within…
- 500.33 · Licenses
- 500.34 · License application process
- 500.35 · Bond - Alternative proof of financial responsibility -…
- 500.36 · Issuance of licenses - Duration - Nontransferability - Display…
- 500.37 · Supplier reports
- 500.38 · Statement of operations - Licensed occasional importers,…
- 500.39 · Statement of operations by terminal operators - Inventory…
- 500.40 · Final report and payment of tax upon termination of business…
- 500.41 · Exporter reports
- 500.42 · Licensed transporter reports
- 500.43 · Payment of tax by consumer
- 500.44 · Shipping documents - Contents - Manual preparation - Certain…
- 500.45 · Transporters to carry and follow information in shipping…
- 500.46 · Legitimate diversions or erroneous information on shipping…
- 500.47 · Reliance on certain representations
- 500.48 · Sale or delivery of motor fuel without payment of taxes…
- 500.49 · Operation of transport truck without shipping paper prohibited…
- 500.50 · Conditions for importers prior to bringing undyed and untaxed…
- 500.51 · Export of motor fuel without license prohibited - Exemption -…
- 500.52 · Use of dyed fuel on public highways prohibited - Exceptions -…