Okla. Admin. Code § 710:45-3-5

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

Section 710:45-3-5 - Issuance and release of order to stop payment

(a) The Director of the Audit Services Division of the Oklahoma Tax Commission, or a designee, is delegated the duty and authority to issue orders to withhold payment for production and orders releasing payment for production to purchasers of oil and gas produced in Oklahoma.

(b) Orders to withhold payment for production shall be issued if and when the required reports and/or forms have not been filed or when the gross production tax, penalty and interest on any production are unreported, unpaid or delinquent. Orders releasing payment for production shall be issued if and when all required reports have been filed and all tax, penalty and interest accrued have been paid.

(c) Orders to withhold payment for production and orders to release payment for production shall be upon forms approved by the Commission and shall be issued under facsimile signatures of the Commissioners, attested with the official seal of the Oklahoma Tax Commission affixed thereto. [See: 68 O.S. §1007]

Okla. Admin. Code § 710:45-3-5

Amended at 13 Ok Reg 3095, eff 7-11-96; Amended at 25 Ok Reg 2039, eff 7-1-08

Amended by Oklahoma Register, Volume 38, Issue 23, August 16, 2021, eff. 9/1/2021