Okla. Stat. tit. 68, § 68-500.62
This is the official text of Okla. Stat. tit. 68, § 68-500.62, 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.
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Taxation of motor fuel inventory not taxed under
Official statutory text
predecessor statutes.
The tax imposed by Section 4 of this act shall be applicable to
all nonexempt inventory held by any person outside of the bulk
transfer system in this state in quantities which, in the aggregate
with respect to such person, exceed one thousand (1,000) gallons, to
the extent the inventory has not previously been subject to the tax
imposed by this state under the predecessor motor fuel tax statute.
However, no tax shall be payable with respect to motor fuel which is
dyed diesel fuel or held by an exempt user. The inventory tax
imposed on inventory held outside of the bulk transfer system on the
effective date of this act reportable under this section shall be
payable in two equal annual installments beginning twelve (12)
months after the effective date of this act.
The tax imposed by Section 4 of this act shall be applicable to
all nonexempt inventory held by any person outside of the bulk
transfer system in this state in quantities which, in the aggregate
with respect to such person, exceed one thousand (1,000) gallons, to
the extent the inventory has not previously been subject to the tax
imposed by this state under the predecessor motor fuel tax statute.
However, no tax shall be payable with respect to motor fuel which is
dyed diesel fuel or held by an exempt user. The inventory tax
imposed on inventory held outside of the bulk transfer system on the
effective date of this act reportable under this section shall be
payable in two equal annual installments beginning twelve (12)
months after the effective date of this act.
Status: in_force · Read it on the official government site
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