SECTION 165:30-21-9. Bond requirement

  To protect the interests of the State of Oklahoma and the member jurisdictions of the International Fuel Tax Agreement, the Commission may, for cause, require licensees to file a surety bond payable to the State of Oklahoma for motor fuel taxes accruing against the licensee as a result of the IFTA program. Bonds may be required for failure to file timely returns, or remittances, or when an audit indicates problems severe enough that, in the Commission's discretion, a bond is required to protect the interests of Oklahoma and the member jurisdictions.

(1)   Bonds may be required from licensees who have filed two or more delinquent IFTA tax returns, made two or more delinquent remittances, or made two or more payments drawn on accounts with insufficient funds, within the most recent 12 calendar months.

(2)   A surety bond required for one of the above reasons must be in place before a licensee's suspended account can be reinstated.

[Source: Added at 23 Ok Reg 2325, eff 7-1-06; Amended at 33 Ok Reg 633, eff 9-1-16]