Okla. Stat. tit. 68, § 68-6101

This is the official text of Okla. Stat. tit. 68, § 68-6101, 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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Assessments - Rebates

Official statutory text

A. All parties required to pay an assessment pursuant to

Section 173 of Title 85 of the Oklahoma Statutes shall be entitled

Oklahoma Statutes - Title 68. Revenue and Taxation Page 1525

to receive a rebate equal to two-thirds (2/3) of the amount of the

assessment actually paid, subject to application to and approval of

the same by the Oklahoma Tax Commission. This rebate shall only

apply to assessments due after January 15, 2002. This rebate shall

not be considered in determining tax liability of an insurer

pursuant to Section 629 of Title 36 of the Oklahoma Statutes.

B. Beginning January 1, 2003, the Oklahoma Tax Commission shall

accept applications for rebates from all eligible parties for

assessments paid pertaining to the previous calendar year. If any

party fails to apply for a rebate on or before May 31 of each year,

the Tax Commission shall reduce the amount of the rebate in the

application by ten percent (10%). No rebates shall be paid until

after July 1 of each year.

C. The Oklahoma Tax Commission may promulgate rules as

necessary to effectuate the provisions of this act.

Status: in_force · Read it on the official government site

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