Oklahoma § 68-500.24 - Suppliers' entitlement to credit for uncollectible
Full text of Oklahoma Oklahoma Statutes § 68-500.24 — Suppliers' entitlement to credit for uncollectible, with citation guidance and answers to common questions.
§ 68-500.24. Suppliers' entitlement to credit for uncollectible
taxes.
A. In computing the amount of motor fuel tax due, the supplier
shall be entitled to a credit against the tax payable the amount of
tax paid by the supplier that has become uncollectible from an
eligible purchaser.
B. The supplier shall provide notice to the Commission of a
failure to collect tax within ten (10) business days following the
date on which the supplier was earliest entitled to collect the tax
from the eligible purchaser under Section 22 of this act.
C. The Commission shall adopt rules establishing the evidence a
supplier must provide to receive the credit.
D. The credit shall be claimed on the first return following
the expiration of the ten-day period as provided in this section if
the payment remains unpaid as of the filing date of that return or
the credit shall be disallowed.
E. The claim for credit shall identify the defaulting eligible
purchaser and any tax liability that remains unpaid.
F. If an eligible purchaser fails to make a timely payment of
the amount of tax due, the credit of the supplier shall be limited
to the amount due from the purchaser, plus any tax that accrues from
that purchaser for a period of ten (10) days following the date of
failure to pay.
G. No additional credit shall be allowed to a supplier under
this section until the Commission has authorized the purchaser to
make a new election under Section 23 of this act.
Added by Laws 1996, c. 345, § 24, eff. Oct. 1, 1996.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-500.24
What does Oklahoma Statutes § 68-500.24 cover?
Section 68-500.24 ("Suppliers' entitlement to credit for uncollectible") is part of the Oklahoma Statutes, the codified statutory law of Oklahoma. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Oklahoma § 68-500.24?
A common citation format is "Oklahoma Statutes § 68-500.24" (Oklahoma). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Oklahoma law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Oklahoma official source linked on this page or consult a licensed Oklahoma attorney.
How does Oklahoma § 68-500.24 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Oklahoma can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Oklahoma.