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§ 500.15. Perfecting exemptions for suppliers, tank wagon importers and importers of dyed diese...

Oklahoma Statutes AnnotatedTitle 68. Revenue and Taxation

Oklahoma Statutes Annotated
Title 68. Revenue and Taxation (Refs & Annos)
Chapter 1. Tax Codes (Refs & Annos)
Article 5. Motor Fuel Tax Code (Refs & Annos)
68 Okl.St.Ann. § 500.15
§ 500.15. Perfecting exemptions for suppliers, tank wagon importers and importers of dyed diesel fuel
Currentness
All exemptions under Section 10 of this act,1 not expressly covered under Sections 11 through 14 of this act,2 shall be perfected as follows:
1. A supplier or tank wagon importer shall take a deduction against motor fuel shown on the monthly report for those gallons of diesel fuel removed from a terminal or refinery destined for delivery to a point in this state as shown on the shipping papers, as to which dye was added in a manner which conforms to federal requirements established by the Internal Revenue Code3 and regulations issued thereunder; or
2. An importer shall take a deduction against tax owed under Section 18 of this act4 for dyed diesel fuel if such diesel fuel would have met the requirements of paragraph 1 of this section.

Credits

Laws 1996, c. 345, § 15, eff. Oct. 1, 1996.

Footnotes

1
Title 68, § 500.10.
2
Title 68, §§ 500.11 through 500.14.
3
Title 26 U.S.C.A. § 1 et seq.
4
Title 68, § 500.18.
68 Okl. St. Ann. § 500.15, OK ST T. 68 § 500.15
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.
End of Document