SECTION 710:45-13-1. Refiner or processor license

(a)   The Director of the Compliance Division of the Oklahoma Tax Commission, or a designee, is authorized to issue non-transferrable licenses, upon the license form approved by the 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 Oklahoma Tax Commission Production Unit Number, OTC Form 320, from the applicant; and,

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

(3)   Completed and duly executed Gross Production Tax Bond from the applicant, which has been approved by the 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]

[Source: Amended at 13 Ok Reg 3095, eff 7-11-96; Amended at 34 Ok Reg 2060, eff 9-11-17]