Oklahoma - Gross Production Tax- Reclaimer (BT-158) — required surety bond in Oklahoma. Apply online in minutes.
The Oklahoma Gross Production Tax - Reclaimer Bond (BT-158) is a commercial surety bond ensuring individuals or businesses comply with state tax codes regarding reclaimed oil and minerals. It guarantees the principal will accurately report and pay all applicable gross production taxes owed to the state.
This bond is typically required for individuals or companies operating as oil, gas, or mineral reclaimers in Oklahoma. Any entity that salvages, treats, or reclaims these materials and is liable for gross production taxes will need this bond to legally operate.
The obligee, typically the Oklahoma Tax Commission, requires this bond to protect state revenue from unpaid tax liabilities. It provides a financial guarantee that if a reclaimer fails to remit the proper gross production taxes, the state can recover the lost funds from the surety.
Click Apply Now to complete our secure, roughly 5-minute online application. The team at Noah Insurance Agency (814-718-0060) will review your information to find the best terms for your situation. Upon approval and payment, your official bond will be delivered directly to your inbox by email.
Premiums vary based on the required bond amount and the applicant's credit and financial profile. Please apply online with Noah Insurance Agency to receive an exact quote for your business.
Bond amounts vary and are generally determined by the obligee based on your estimated gross production tax liabilities. You must verify your specific required bond amount directly with the issuing agency before purchasing.
Approval times vary depending on the completeness of your application and individual underwriting requirements. Completing our secure online application is the most efficient way to receive a fast decision.
Filing requirements vary by agency, but you typically must submit the original signed bond to the Oklahoma Tax Commission. Always verify the most up-to-date submission instructions and address directly with the state.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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