Okla. Stat. tit. 68, § 68-2207

Monies paid by railroads to be segregated - Protests.

A. As soon as practicable after the date specified in Sections

2205 and 2206 of this title, the Tax Commission shall examine the

statements required by Sections 2205 and 2206 of this title, and

shall determine:

1. The amount of money which should have been withheld and

remitted by each railroad company; and

2. The total amount of taxes due from each freight line

company, equipment company and mercantile company, including the

amounts remitted by railroad companies, and the amount of tax, if

any, due from each such company in addition to amounts remitted by

railroad companies.

B. The Commission shall thereupon make demand of each railroad

for any additional amounts required to be remitted by railroad

companies, and shall notify each freight line company, equipment

company and mercantile company of:

1. The total amount of taxes due from each such company for the

next preceding twelve-month period ending December 31 or the period

specified in Sections 2205 and 2206 of this title;

2. The amount of money remitted by the various railroad

companies for the account of such company; and

Oklahoma Statutes - Title 68. Revenue and Taxation Page 734

3. The amount of additional taxes, if any, due to be paid by

such company, or the amount, if any, due to be refunded.

C. All monies paid to the Commission by railroads for the

account of freight line companies, equipment companies and

mercantile companies shall be segregated by the Commission and held

in its depository account with the State Treasurer until the

companies for whose account such monies are paid shall have had an

opportunity to file protest as provided by Section 221 of this

title, and if such protest is filed an opportunity to notify the

Commission that the tax is paid under protest and the taxpayer

intends to file suit for recovery, as provided by Section 226 of

this title.

D. In any case where protest is not filed within thirty (30)

days from the mailing of the notices herein required, the monies

paid by railroad companies for the account of others shall be

released and apportioned to the proper fund.