§68-500.8. Measurement of tax on importer gallons and supplier gallons.

68 OK Stat § 68-500.8 (2019) (N/A)

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A. The tax imposed by this act on use of motor fuel which was imported into this state by a licensed importer, other than by a bulk transfer, shall arise at the time the product is entered into the state and shall be measured by invoiced gallons received outside this state at a refinery, terminal or at a bulk plant for delivery to a destination in this state.

B. Except as provided in subsection A of this section, the tax imposed by this act on use of motor fuel shall be measured by invoiced gallons of motor fuel removed, other than by a bulk transfer by a licensed supplier:

1. From the bulk transfer/terminal system or from a qualified terminal or refinery within this state;

2. From the bulk transfer/terminal system or from a qualified terminal or refinery outside this state for delivery to a location in this state as represented on the shipping papers, provided that the supplier imports the motor fuel for the account of the supplier, or the supplier has made a tax precollection election under Section 19 of this act; and

3. Upon sale in a qualified terminal or refinery in this state to an unlicensed supplier.

Added by Laws 1996, c. 345, § 8, eff. Oct. 1, 1996.

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§68-500.9. Taxation of motor fuels held in inventory on date of increase in tax rate.