Okla. Stat. tit. 63, § 63-2-503.1j

remittance - Notice of income tax credit - Enforcement.

A. Any licensee of a money transmission, transmitter or wire

transmitter business pursuant to the Oklahoma Financial Transaction

Reporting Act and their delegates shall collect a fee of Five

Dollars ($5.00) for each transaction not in excess of Five Hundred

Dollars ($500.00) and in addition to such fee an amount equal to one

percent (1%) of the amount in excess of Five Hundred Dollars

($500.00).

B. The fee prescribed by subsection A of this section shall be

remitted quarterly to the Oklahoma Tax Commission on such forms as

the Commission, with the assistance of the Oklahoma State Bureau of

Narcotics and Dangerous Drugs Control, may prescribe for such

purpose. All required forms and remittances shall be filed with the

Tax Commission not later than the fifteenth day of the month

following the close of each calendar quarter.

C. The Oklahoma Tax Commission shall apportion all revenues

derived from the fee to the Drug Money Laundering and Wire

Transmitter Revolving Fund.

D. Every licensee and their delegates shall post a notice on a

form prescribed by the Director of the Oklahoma State Bureau of

Narcotics and Dangerous Drugs Control that notifies customers that

upon filing an individual income tax return with either a valid

social security number or a valid taxpayer identification number the

customer shall be entitled to an income tax credit equal to the

amount of the fee paid by the customer for the transaction.

E. The Oklahoma Tax Commission shall be afforded all provisions

currently under law to enforce the provisions of subsection B of

this section. If a licensee fails to file reports or fails to remit

the fee authorized by subsection B of this section, the Oklahoma Tax

Commission shall have the authority pursuant to Section 212 of Title

68 of the Oklahoma Statutes to suspend the license of the licensee

and its delegates. A notification of the suspension shall also be

sent to the State Banking Commissioner and the Director of the

Oklahoma State Bureau of Narcotics and Dangerous Drugs Control. The

licensee and its delegates may not reapply for a license until all

required reports have been filed and all required fee amounts have

been remitted.

F. Upon request from the Oklahoma Tax Commission, the State

Banking Commissioner may make a claim against the surety bond of the

licensee on behalf of the State of Oklahoma.

G. The Oklahoma State Bureau of Narcotics and Dangerous Drugs

Control and its attorneys may assist the Oklahoma Tax Commission in

Oklahoma Statutes - Title 63. Public Health and Safety Page 1026

conducting audits and the prosecution and/or seeking of legal

remedies to ensure compliance with this act.