Okla. Admin. Code § 710:45-13-1

Current through Vol. 42, No. 8, January 2, 2025

Section 710:45-13-1 - Refiner or processor license

(a) The Director of the Audit Services Division of the Oklahoma Tax Commission, or a designee, is authorized to issue non-transferrable licenses, upon the license form approved by the Tax Commission, to refiners, or other processors of any product subject to the Oklahoma gross production tax, upon receipt of the following:

(1) Completed and duly executed Request for Assignment of Production Unit Number, OTC Form 340, from the applicant; and,

(2) Completed and duly executed Application for Refiner's License to Process Petroleum Oil or Casinghead Gas, OTC Form 309-C from the applicant; and,

(3) Completed and duly executed gross production tax bond from the applicant, which has been approved by the Tax Commission.

(b) Any refiner-applicant, who has established that it has tangible assets in this state of sufficient value to protect the state against loss of gross production, petroleum excise or conservation excise taxes, may obtain a refiner's license without bond. [See: 68 O.S. §1015]

Okla. Admin. Code § 710:45-13-1

Amended at 13 Ok Reg 3095, eff 7-11-96

Amended by Oklahoma Register, Volume 34, Issue 24, September 1, 2017, eff. 9/11/2017

Amended by Oklahoma Register, Volume 38, Issue 23, August 16, 2021, eff. 9/1/2021

Amended by Oklahoma Register, Volume 40, Issue 22, August 1, 2023, eff. 8/11/2023