§ 500.9. Taxation of motor fuels held in inventory on date of increase in tax rate
Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation
68 Okl.St.Ann. § 500.9
§ 500.9. Taxation of motor fuels held in inventory on date of increase in tax rate
A. The tax imposed by Section 4 of this act1 on the date of an increase in the tax rate set out in Section 4 of this act shall be applicable to previously taxed motor fuel:
C. The amount of the inventory tax is equal to the inventory tax rate times the gallons in storage as determined pursuant to the provisions of this section. The inventory tax rate is equal to the difference between the increased tax rate minus the previous tax rate to which those gallons were previously subjected to tax.
Credits
Laws 1996, c. 345, § 9, eff. Oct. 1, 1996.
Footnotes
Title 68, § 500.4.
68 Okl. St. Ann. § 500.9, OK ST T. 68 § 500.9
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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