Okla. Stat. tit. 68, § 68-500.40
This is the official text of Okla. Stat. tit. 68, § 68-500.40, part of Oklahoma’s Stat. tit. 68, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 68,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Final report and payment of tax upon termination of
Official statutory text
business or cancellation of license - Termination of certain
licenses - Application by former licensees for eligible purchaser
status.
A. Every licensee shall, upon the discontinuance, sale, or
transfer of the business or upon the cancellation, revocation or
termination by law of a license under subsection C or F of Section
36 of this act, or as otherwise provided, within thirty (30) days,
make a report as required under this act marked "Final Report", and
shall pay all motor fuel taxes and penalties that may be due the
state except as may otherwise be provided by law.
B. The payment shall be made to the Commission in accordance
with Section 30 of this act.
C. For purposes of this section, any person who was licensed to
remit motor fuel taxes by this state prior to the effective date of
this act and who is not licensed as a supplier under this act shall
be deemed to have the license terminated under this section as of
the effective date of this act.
D. Any former licensee shall be given the opportunity to apply
for eligible purchaser status as provided in Sections 22 and 23 of
this act, prior to the effective date of this act. Should such
determination not be complete before the effective date, collection
of tax shown on the final report of the former license shall be
delayed until the determination is complete. However, the final
report shall be due not later than thirty (30) days after a denial
of eligible purchaser status under Section 30 of this act becomes
final.
licenses - Application by former licensees for eligible purchaser
status.
A. Every licensee shall, upon the discontinuance, sale, or
transfer of the business or upon the cancellation, revocation or
termination by law of a license under subsection C or F of Section
36 of this act, or as otherwise provided, within thirty (30) days,
make a report as required under this act marked "Final Report", and
shall pay all motor fuel taxes and penalties that may be due the
state except as may otherwise be provided by law.
B. The payment shall be made to the Commission in accordance
with Section 30 of this act.
C. For purposes of this section, any person who was licensed to
remit motor fuel taxes by this state prior to the effective date of
this act and who is not licensed as a supplier under this act shall
be deemed to have the license terminated under this section as of
the effective date of this act.
D. Any former licensee shall be given the opportunity to apply
for eligible purchaser status as provided in Sections 22 and 23 of
this act, prior to the effective date of this act. Should such
determination not be complete before the effective date, collection
of tax shown on the final report of the former license shall be
delayed until the determination is complete. However, the final
report shall be due not later than thirty (30) days after a denial
of eligible purchaser status under Section 30 of this act becomes
final.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.