Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 15 - Aircraft
Subchapter 2 - Aircraft Dealer Licenses
Section 710:15-2-4 - Qualification for Aircraft Dealer License
Universal Citation: OK Admin Code 710:15-2-4
Current through Vol. 42, No. 1, September 16, 2024
(a) Status as a bona fide dealer. In addition to all conditions mandated by statute, compliance with the prerequisites and qualifications described in this Section must be established in order to qualify for issuance or renewal of an Aircraft Dealer License:
(1) If the applicant is a new dealer
who has not previously engaged in the business of making sales of aircraft, the
applicant shall provide a business plan or other documentation that will show
that the applicant may reasonably be expected to be actively engaged in the
sale of aircraft.
(2) The applicant
must provide information showing that the location to be licensed is an
establishment that has been consistently identified as an aircraft dealership
in advertising signs, telephone book listings, or other documentation which
will show that anyone visiting the location to be licensed will be able to
clearly identify the location as being in the business of buying and selling
aircraft.
(3) The applicant must
provide a financial statement, contracts, business plans that are indicative of
the applicant's ability to carry on the business of buying and selling aircraft
consistent with the safeguarding of the public interest and the public
welfare.
(4) The applicant must
provide any other pertinent information which the Tax Commission may
require.
(b) Tax compliance status. The applicant shall be in good standing with all tax laws of the State of Oklahoma.
Added at 18 Ok Reg 2805, eff 6-25-01; Amended at 21 Ok Reg 1123, eff 5-13-04
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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