Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 45 - Gross Production
Subchapter 5 - Required Returns and Reports
Section 710:45-5-5 - Waiver of penalty
Universal Citation: OK Admin Code 710:45-5-5
Current through Vol. 42, No. 1, September 16, 2024
(a) The Oklahoma Tax Commission, or a designee, may waive penalties assessed by statute for failure to timely file certain required reports, or respond to demands for information. The penalties are assessed at the rate of Five Dollars ($5.00) per day but may be waived by the Commission if the following criteria are met:
(1) All taxes due on products subject to the
Gross Production Tax were timely paid, if the penalty is being waived for
failure to file Monthly Production Reports or amended reports; and,
(2) The delinquent filing of the Monthly
Production Reports or amended reports did not prevent timely apportionment of
the tax revenues paid or remitted without such report; and,
(3) The tax reporter made written request for
waiver of the penalty; and,
(4) The
tax reporter showed good cause for the delinquent filing of the report, amended
report, or answer to written demand for information.
(b) Waiver of the penalties in (a) of this Section shall be in writing and shall include a statement of the reasons therefor. [See: 68 O.S. § 1010 ]
Amended at 13 Ok Reg 3095, eff 7-11-96; Amended at 15 Ok Reg 2416, eff 6-11-98
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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