Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 95 - Miscellaneous Areas of Regulatory and Administrative Authority
Subchapter 15 - Wire Transmitter Fee
Section 710:95-15-4 - Transactions to which the fee is not applicable
Current through Vol. 42, No. 1, September 16, 2024
(a) Bill payment services. Transactions between individuals and businesses, registered with the Secretary of State of Oklahoma or another State in the United States, or utility companies licensed by the Oklahoma Corporation Commission, through a bill payment service which the money being transferred is for a good or service not otherwise prohibited by State or Federal statute for a traceable debt are not subject to the wire transaction fee.
(b) Origination of transfers. Only transactions originating from Oklahoma are subject to the wire transaction fee.
(c) Credit or debit card transfers. Internet and telephone transfers conducted through a debit card, credit card or ACH transfer are not subject to the wire transaction fee.
(d) Exempt entities. Entities otherwise exempted from Money Service Business Licensing pursuant to the Oklahoma Financial Transaction Reporting Act are not subject to the wire transaction fee.
(e) Prepaid debit cards and stored value cards. The sale and servicing of prepaid debit cards and stored value cards are not subject to the wire transaction fee.
(f) Money orders. The sale of money orders is not subject to the wire transaction fee.
(g) Check cashing. Check cashing transactions and deferred presentment transactions are not subject to the wire transaction fee.
Added at 27 Ok Reg 2361, eff 7-11-10