Oklahoma § 68-500.40 - Final report and payment of tax upon termination of
Full text of Oklahoma Oklahoma Statutes § 68-500.40 — Final report and payment of tax upon termination of, with citation guidance and answers to common questions.
§ 68-500.40. Final report and payment of tax upon termination of
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.
Added by Laws 1996, c. 345, § 40, eff. Oct. 1, 1996.
Source: official Oklahoma text · Last verified 2026-08-27
Frequently Asked Questions About Oklahoma § 68-500.40
What does Oklahoma Statutes § 68-500.40 cover?
Section 68-500.40 ("Final report and payment of tax upon termination of") 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 § 68-500.40?
A common citation format is "Oklahoma Statutes § 68-500.40" (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 § 68-500.40 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.