§ 500.18. Payment of tax by licensed occasional importers and licensed bonded importers
Oklahoma Statutes AnnotatedTitle 68. Revenue and TaxationEffective: November 1, 2019
Effective: November 1, 2019
68 Okl.St.Ann. § 500.18
§ 500.18. Payment of tax by licensed occasional importers and licensed bonded importers
Except as otherwise provided in the Motor Fuel Tax Code, the tax imposed by Sections 500.4 and 500.4B of this title on motor fuel measured by gallons imported from another state shall be paid by the:
1. Licensed occasional importer who has imported the nonexempt motor fuel within three (3) business days of the earlier of the time that the nonexempt motor fuel was entered into the state, or the time that a valid import verification number required by subsection F of Section 500.33 of this title was assigned by the Commission, under such rules and procedures as the Commission may provide; or
However, if the supplier has made a blanket election to precollect tax under Section 500.19 of this title, then the supplier shall become jointly liable with the importer for the tax and shall remit the tax to the Commission on behalf of the importer under the same terms as a supplier payment under Section 500.20 of this title, and no import verification number shall be required.
Credits
Laws 1996, c. 345, § 18, eff. Oct. 1, 1996; Laws 2019, c. 169, § 1, eff. Nov. 1, 2019.
68 Okl. St. Ann. § 500.18, OK ST T. 68 § 500.18
Current with emergency effective legislation through Chapter 295 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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