Oklahoma Administrative Code
Title 710 - Oklahoma Tax Commission
Chapter 70 - Tobacco, Tobacco Products, and Cigarettes
Subchapter 5 - Excise on Tobacco Products
Section 710:70-5-6 - Discount for timely filing of monthly tobacco products tax reports and paying taxes
Universal Citation: OK Admin Code 710:70-5-6
Current through Vol. 42, No. 1, September 16, 2024
(a) Every licensed manufacturer and every wholesalerrequired to report and pay the tobacco products excise tax shall be allowed a discount of two percent (2%) of the tax due under each monthly report and shall, at the time of filing each monthly report, pay to the Oklahoma Tax Commission, ninety-eight percent (98%) of the tax due.
(b) The two percent (2%) discount shall not be allowed to any taxpayer who fails to timely file the required monthly report or who fails to timely pay the tax due in accordance with 710:70-5-5.
Amended at 27 Ok Reg 2350, eff 7-11-10
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