Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 55 - Motor Fuel
Subchapter 7 - Special Fuels Tax
Section 710:55-7-2 - Requirements to obtain special fuel user license

Universal Citation: OK Admin Code 710:55-7-2

Current through Vol. 42, No. 1, September 16, 2024

In addition to the application required to be filed with the Oklahoma Tax Commission, the applicant for a special fuel user license must file a bond or other acceptable security , with the Tax Commission. [See: 68 O.S. § 709(a) ]

(1) The bond shall be made payable to the State of Oklahoma.

(2) A bond or other acceptable security shall be required for each application for license. The bond will not be in excess of Twenty-five Thousand ($25,000) Dollars.

(3) The amount of the bond required shall be:

(A) One Thousand ($1,000) Dollars, in relation to a special fuel user's license; One Thousand ($1,000) Dollars in relation to a special fuel dealer's license; or ,

(B) Three (3) times the monthly tax liability (or estimated monthly tax liability in the case of a new applicant) if the taxpayer is on a monthly reporting basis.

(4) The amount of the bond required under 68 O.S. § 709(b) and (3) of this subsection shall be determined by the Motor Fuel Section of the Motor Vehicle Division of the Oklahoma Tax Commission. The amount of the bond may be increased or reduced at any time.

(5) Bonds to be given shall be continuous, rather than on an annual basis.

Amended at 13 Ok Reg 3111, eff 7-11-96

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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