Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 45 - Gross Production
Subchapter 15 - Reclaimers and Reclaiming Operations
Section 710:45-15-2 - Reclaimer licenses
Current through Vol. 41, No. 13, March 15, 2024
The Audit Services Division of the Oklahoma Tax Commission is authorized to issue and renew non-transferrable licenses, upon license forms approved by the Commission, to reclaimers of products subject to the Oklahoma gross production tax, upon receipt of the following:
(1) A properly completed Application for Reclaimers License, OTC Form 309-B.
(2) A surety bond or other security approved by the Tax Commission, as guaranty for payment of all taxes, penalties and interest. Security shall be in the amount of Ten Thousand Dollars ($10,000.00) or three months tax liability, whichever is greater, for each license issued, except when issued for a salt water disposal well. Security for each license issued for a salt water disposal well shall be in the amount of Two Thousand Five Hundred Dollars ($2,500.00) or three months tax liability, whichever is greater. A person or firm having five or more licenses shall be required to post security in the total amount of Fifty Thousand Dollars ($50,000.00) or three months tax liability, whichever is greater; except that for persons or firms having five or more licenses for salt water disposal facilities, the security requirement shall be a total of Ten Thousand Dollars ($10,000.00) or three months tax liability, whichever is greater.
(3) A One Hundred Fifty Dollar ($150.00) three-year license fee for each new, renewed, or reinstated license. [See: 68 O.S. §1015.1]
Amended at 12 Ok Reg 2627, eff 6-26-95; Amended at 13 Ok Reg 3095, eff 7-11-96
