Okla. Admin. Code § 165:10-21-108

Current through Vol. 42, No. 4, November 1, 2024

Section 165:10-21-108 - Refund procedure

(a)Applicants. The operator of the well or a working interest owner of record in the well at the time of production from the well shall file claims for refunds on behalf of such operator and such working interest owners.

(b)Application. The applicant shall file an application with the Oklahoma Tax Commission regarding the claim for refund. The claim for refund shall be in the amount of gross production taxes paid on oil and gas production subsequently determined to be exempt from gross production taxes during a given fiscal year. The applicant shall include a copy of the Form 1002A Completion Report for the well containing the Commission Oil and Gas Conservation Division's determination that the well qualifies for the exemption.

(c)When application can be filed. An application to claim a refund shall not be filed until after the end of the fiscal year. A fiscal year begins on July 1 and ends on June 30. No claim for refund shall be filed more than eighteen (18) months after the first day of the fiscal year in which the refund is available.

(d)Claim information. The Oklahoma Tax Commission may require the applicant filing a claim for refund to furnish information or records concerning the application as is deemed necessary by the Oklahoma Tax Commission.

(e)Claim limitations. Applications filed with the Oklahoma Tax Commission for refund claims are subject to limitations pursuant to 68 O.S. §§ 1001(F)(6) and 1001(F)(7).

Okla. Admin. Code § 165:10-21-108

Adopted by Oklahoma Register, Volume 40, Issue 24, September 1, 2023, eff. 10/1/2023